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Cultural change and innovation performance

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  • Kostis, Pantelis C.
  • Kafka, Kyriaki I.
  • Petrakis, Panagiotis E.

Abstract

Major forces seem to have led to cultural background change in the form of incremental change or shock over the last three decades. The fact that certain cultural changes are occurring and that these changes are embodied in social behavior and thus in economic decisions raises the question of whether cultural change affects innovation performance. The relationship between cultural change and innovation performance was explored using an unbalanced panel of decade-level data for 34 OECD countries between 1980 and 2010. Analysis using fixed-effects estimation, different intercepts across countries, and decade time dummies shows that the overall measure of culture is positively related to innovation. Furthermore, exploring the effect of the dimensions of civic culture on innovation shows that the positive effect of culture on innovation stems from the positive effect of trust, control, work ethic and honesty, while obedience negatively affects innovation.

Suggested Citation

  • Kostis, Pantelis C. & Kafka, Kyriaki I. & Petrakis, Panagiotis E., 2018. "Cultural change and innovation performance," Journal of Business Research, Elsevier, vol. 88(C), pages 306-313.
  • Handle: RePEc:eee:jbrese:v:88:y:2018:i:c:p:306-313
    DOI: 10.1016/j.jbusres.2017.12.010
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    8. Kais Mtar & Walid Belazreg, 2023. "On the nexus of innovation, trade openness, financial development and economic growth in European countries: New perspective from a GMM panel VAR approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 766-791, January.
    9. Doğa Üzümcüoğlu & Mukaddes Polay, 2022. "The Assessment of Creative Waterfronts: A Case Study of the Kyrenia Waterfront," Sustainability, MDPI, vol. 14(19), pages 1-24, September.
    10. Kais Mtar & Walid Belazreg, 2021. "Causal Nexus Between Innovation, Financial Development, and Economic Growth: the Case of OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(1), pages 310-341, March.
    11. Barreto, Tais S. & Lanivich, Stephen E. & Cox, Kevin C., 2022. "Temporal orientation as a robust predictor of innovation," Journal of Business Research, Elsevier, vol. 138(C), pages 287-300.
    12. Francesco Manta & Domenico Morrone & Pierluigi Toma & Francesco Campobasso, 2023. "Determining paths of innovation: The role of culture on the adoption on organic farming management," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 96-109, January.
    13. Aikaterini Koumoutsea & Paraskevi Boufounou & George Mergos, 2023. "Evaluating the Creative Economy Applying the Contingent Valuation Method: A Case Study on the Greek Cultural Heritage Festival," Sustainability, MDPI, vol. 15(23), pages 1-19, November.
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    15. Pantelis C. Kostis & Kyriaki I. Kafka, 2023. "Examining the Interplay of Climate Change, Cultural Dynamics, and Sustainable Development: A Global Perspective," Sustainability, MDPI, vol. 15(18), pages 1-17, September.
    16. Kafka, Kyriaki I. & Kostis, Pantelis C., 2021. "Post-materialism and economic growth: Cultural backlash, 1981–2019," Journal of Comparative Economics, Elsevier, vol. 49(4), pages 901-917.
    17. Duygu Buyukyazici & Francesco Serti, 2022. "Religiosity and Innovation Attitudes: An Instrumental Variables Analysis," Papers 2206.00509, arXiv.org, revised Jun 2022.

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