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THE IMPACT OF PROPERTY RIGHTS ON INNOVATION: A RESEARCH ON COUNTRY DATA

Year 2025, Issue: 47, 125 - 136, 06.05.2025
https://doi.org/10.18092/ulikidince.1551300
An Erratum to this article was published on July 31, 2025. https://dergipark.org.tr/en/pub/ulikidince/issue/94071/1758836

Abstract

The aim of this study is to determine the impact of property rights on innovation. While many studies analyze the topic at the business level, this study aims to determine the role of property rights in improving innovation performance. The research was conducted based on quantitative research methods using secondary data obtained from various organizations, which are publicly published as innovation indices and datasets referred to as property rights. We conducted correlation and regression analyses using the SPSS software package on both variables published for the year 2022. The analyses have identified a linear and significant relationship between property rights development and innovation indices levels. The regression analysis revealed that these linear relationships are significant. It is vital to develop the elements of property rights as driving forces in the advancement of innovation and to ensure trust in these elements.

References

  • Aboramadan, M., Albashiti, B., Alharazin, H., & Zaidoune, S. (2020). Organizational Culture, Innovation and Performance; A Study From Non-Western Context. Journal of Management Development, 39(4), 437-451.
  • Alston, L. J., & Mueller, B. (2008). Property Rights and the State. C. Ménard, & M. M. Shirley içinde, Handbook of New Institutional Economics (s. 884). Berlin: Springer.
  • Besley, T., & Ghatak, M. (2010). Property Rights and Economic Development. Handbook of Development Economics Vol. 5, 4525-4595.
  • Blumm, M. C. (2009). The Public Trust Doctrine and Private Property: The Accommodation Principle. Pace Environmental Law Review, 27, 649-667.
  • Bose, N., Murshid, A., & Wurm, M. (2012). The Growth Effects of Property Rights; The Role of Finance. World Development, 40(9), 1784-1797.
  • Chung, K. H., & Kwon, H. Y. (2024). Trust, Institutional Quality, and the Protection of Property Rights: A Cross‐Regional Study of East Asia and Western Countries. Social Science Quarterly, 105(2), 267-280.
  • Çetin, M. (2013). The Hypothesis of Innovation-Based Economic Growth: A Causal Relationship. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (11), 1-16.
  • Demsetz, H. (2013). Toward a Theory of Property Rights. In Modern Understandings of Liberty and Property, 125-137.
  • Ding, X. S., Guo, M., Kuai, Y., & Niu, G. (2023). Social Trust and Firm Innovation: Evidence From China. International Review of Economics & Finance, 84, 474-493.
  • Dutta, S., Lanvin, B., Wunsch-Vincent, S., & León, L. R. (2022). Global Innovation Index 2022: What Is the Future of Innovation-Driven Growth? (Vol. 2000). Geneva: WIPO.
  • Elverdi, S., & Atik, H. (2021). İnovasyon ve Ekonomik Büyüme Arasındaki İlişkinin Analizi: Bir Yapısal Eşitlik Modellemesi. Pearson Journal, 6(10), 183-205.
  • Fritsch, M. (2017). The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle. Regional Studies, 51(4), 654–655.
  • Galindo, M.‐Á., & Picazo, M. T. (2013). Innovation, Entrepreneurship and Economic Growth. Management Decision, 51(3), 501-514.
  • Hall, S. G., & Ahmad, M. (2013). Can Trust Explain Social Capital Effect on Property Rights and Growth? Procedia Economics and Finance, 7, 55-64.
  • Johnson, S., & McMillan, J. (2002). Property Rights and Finance. American Economic Review, 92(5), 1335-1356.
  • Kadar, M., Moise, I. A., & Colomba, C. (2014). Innovation Management in the Globalized Digital Society. Procedia-Social and Behavioral Sciences, 143, 1083-1089.
  • Kama, Ö. (2010). Küreselleşmenin Mülkiyet Hakları Üzerindeki Etkileri. Ekonomi Bilimleri Dergisi, 2(2), 105-112.
  • Kamuri, S. (2022). Understanding Entrepreneurial Vision for Growth, Innovation and Performance in Kenya’s Leather Industry. Journal of Global Entrepreneurship Research, 12(1), 119-130.
  • Kerekes, C., & Williamson, C. (2008). Unveiling De Soto's Mystery: Property Rights, Capital Formation and Development. Journal of Institutional Economics, 4(33), 299-325.
  • Kiong, I. (2021). Dynamic Capabilities, Business Strategy, Innovation and Performance of FMGC Companies. Journal of Enterprise and Business Intelligence, 1(4), 182-185.
  • Lebel, P. (2008). The Role of Creative Innovation in Economic Growth: Some International Comparisons. Journal of Asian Economics, 19(4), 334-347.
  • Levine, R. (2005). Law, Endowments and Property Rights. Journal of Economic Perspectives, 19(3), 61-88.
  • Li, Y., Zhou, N., & Si, Y. (2010). Exploratory Innovation, Exploitative Innovation and Performance: Influence of Business Strategies and Environment. Nankai Business Review International, 1(3), 297-316.
  • Liu, H. W., & Li, Q. Y. (2010). Property rights institutions, expectation, and innovation: Evidence from China. In J. Gao, J. Z. Li, Y. Cheng, & X. L. Fu (Eds.), Proceedings of Academy of Innovation and Entrepreneurship 2010 (pp. 412–419). 3rd Annual Conference for the Academy of Innovation and Entrepreneurship, Tsinghua University, Beijing, People's Republic of China.
  • Magelssen, C. (2020). Allocation of Property Rights and Technological Innovation Within Firms. Strategic Management Journal, 41(4), 758-787.
  • Maradana, R. P., Pradhan, R. P., Dash, S., Gaurav, K., Jayakumar, M., & Chatterjee, D. (2017). Does Innovation Promote Economic Growth? Evidence From European Countries. Journal of Innovation and Entrepreneurship, 6(1), 1-23.
  • Noack, F., & Costello, C. (2024). Credit Markets, Property Rights, and the Commons. Journal of Political Economy, 132(7).
  • Parlakyıldız, F. M., & Güvel, E. A. (2015). Fikri Mülkiyet Hakları ve Bu Hakları Korumanın Ekonomik Önemi. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(4), 29-39.
  • Pece, A. M., Simona, O. E., & Salisteanu, F. (2015). Innovation and Economic Growth: An Empirical Analysis for CEE Countries. Procedia Economics and Finance, 26, 461-467.
  • Segal, I., & Whinston, M. D. (2013). Property Rights. In R. Gibbons, & J. Roberts (Eds.), The Handbook of Organizational Economics (p. 1203). Woodstock: Princeton University Press.
  • Shah, M. H., Wang, N., Chun, H. D., Zhang, K., Ullah, I., Ullah, A., & Iqbal, K. (2024). Exploring the Interwoven Relationship: Property Rights, Financial Freedom, Government Regulation, and Stock Market Fluctuations in Emerging Economies-A Novel System GMM Perspective. Heliyon, 10(1).
  • Süt, E., & Çetin, A. K. (2018). İnovasyon Göstergesi Olarak İnovasyon Endeksleri. Uluslararası Turizm Ekonomi ve İşletme Bilimleri Dergisi, 2(2), 299-309.
  • Taş, S. (2017). İnovasyon, Eğitim ve Küresel İnovasyon Endeksi. Bilge Uluslararası Sosyal Araştırmalar Dergisi, 1(1), 99-123.
  • The Heritage Foundation. (2022, October). The Index of Economic Freedom. Heritage.org: https://www.heritage.org/index/pages/about.
  • Trebilcock, M., & Veel, P. (2014). Property Rights and Development: The Contingent Case for Formalization. Published by Penn Law; Legal Scholarship Repository, 20(2), 397-482.
  • Williams, H. L. (2013). Intellectual Property Rights and Innovation: Evidence From the Human Genome. Journal of Political Economy, 121(1), 1-27.
  • Yavuz, Ç. (2010). İşletmelerde İnovasyon-Performans İlişkisinin İncelenmesine Dönük Bir Çalışma. Girişimcilik ve Kalkınma Dergisi, 5 (2), 143-173.

MÜLKİYET HAKLARININ İNOVASYON ÜZERİNDEKİ ETKİSİ: ÜLKE VERİLERİ ÜZERİNE BİR ARAŞTIRMA

Year 2025, Issue: 47, 125 - 136, 06.05.2025
https://doi.org/10.18092/ulikidince.1551300
An Erratum to this article was published on July 31, 2025. https://dergipark.org.tr/en/pub/ulikidince/issue/94071/1758836

Abstract

Bu çalışmanın amacı, mülkiyet haklarının inovasyon üzerindeki etkisini belirlemektir. Birçok çalışma konuyu işletme düzeyinde analiz ederken, bu çalışmada inovasyon performansını iyileştirmek için mülkiyet haklarının rolünün belirlenmesi hedeflenmiştir. Araştırma nicel araştırma yöntemine dayalı bir şekilde ikincil el veri olarak kabul edilen çeşitli kuruluşlar tarafından toplanan kamuoyunda yayınlanan inovasyon endeksleri ve mülkiyet hakları düzeylerini gösteren veri setleri üzerinden yürütülmüştür. Her iki değişkenin 2022 yılına ilişkin yayınlanan verilerden SPSS yazılım paketi kullanılarak korelasyon ve regresyon analizleri yürütülmüştür. Analizlerde, mülkiyet hakları gelişimi ile inovasyon endeksleri seviyeleri arasında doğrusal ve anlamlı ilişkiler tespit etmiştir. Yapılan regresyon analizi ile bu doğrusal ilişkilerin anlamlı olduğu ortaya konmuştur. İnovasyonun ilerlemesinde itici bir güç olarak mülkiyet hakları unsurlarını geliştirmek ve bu unsurlara olan güveni sağlamak kritik önem taşımaktadır.

References

  • Aboramadan, M., Albashiti, B., Alharazin, H., & Zaidoune, S. (2020). Organizational Culture, Innovation and Performance; A Study From Non-Western Context. Journal of Management Development, 39(4), 437-451.
  • Alston, L. J., & Mueller, B. (2008). Property Rights and the State. C. Ménard, & M. M. Shirley içinde, Handbook of New Institutional Economics (s. 884). Berlin: Springer.
  • Besley, T., & Ghatak, M. (2010). Property Rights and Economic Development. Handbook of Development Economics Vol. 5, 4525-4595.
  • Blumm, M. C. (2009). The Public Trust Doctrine and Private Property: The Accommodation Principle. Pace Environmental Law Review, 27, 649-667.
  • Bose, N., Murshid, A., & Wurm, M. (2012). The Growth Effects of Property Rights; The Role of Finance. World Development, 40(9), 1784-1797.
  • Chung, K. H., & Kwon, H. Y. (2024). Trust, Institutional Quality, and the Protection of Property Rights: A Cross‐Regional Study of East Asia and Western Countries. Social Science Quarterly, 105(2), 267-280.
  • Çetin, M. (2013). The Hypothesis of Innovation-Based Economic Growth: A Causal Relationship. Uluslararası İktisadi ve İdari İncelemeler Dergisi, (11), 1-16.
  • Demsetz, H. (2013). Toward a Theory of Property Rights. In Modern Understandings of Liberty and Property, 125-137.
  • Ding, X. S., Guo, M., Kuai, Y., & Niu, G. (2023). Social Trust and Firm Innovation: Evidence From China. International Review of Economics & Finance, 84, 474-493.
  • Dutta, S., Lanvin, B., Wunsch-Vincent, S., & León, L. R. (2022). Global Innovation Index 2022: What Is the Future of Innovation-Driven Growth? (Vol. 2000). Geneva: WIPO.
  • Elverdi, S., & Atik, H. (2021). İnovasyon ve Ekonomik Büyüme Arasındaki İlişkinin Analizi: Bir Yapısal Eşitlik Modellemesi. Pearson Journal, 6(10), 183-205.
  • Fritsch, M. (2017). The Theory of Economic Development: An Inquiry Into Profits, Capital, Credit, Interest, and the Business Cycle. Regional Studies, 51(4), 654–655.
  • Galindo, M.‐Á., & Picazo, M. T. (2013). Innovation, Entrepreneurship and Economic Growth. Management Decision, 51(3), 501-514.
  • Hall, S. G., & Ahmad, M. (2013). Can Trust Explain Social Capital Effect on Property Rights and Growth? Procedia Economics and Finance, 7, 55-64.
  • Johnson, S., & McMillan, J. (2002). Property Rights and Finance. American Economic Review, 92(5), 1335-1356.
  • Kadar, M., Moise, I. A., & Colomba, C. (2014). Innovation Management in the Globalized Digital Society. Procedia-Social and Behavioral Sciences, 143, 1083-1089.
  • Kama, Ö. (2010). Küreselleşmenin Mülkiyet Hakları Üzerindeki Etkileri. Ekonomi Bilimleri Dergisi, 2(2), 105-112.
  • Kamuri, S. (2022). Understanding Entrepreneurial Vision for Growth, Innovation and Performance in Kenya’s Leather Industry. Journal of Global Entrepreneurship Research, 12(1), 119-130.
  • Kerekes, C., & Williamson, C. (2008). Unveiling De Soto's Mystery: Property Rights, Capital Formation and Development. Journal of Institutional Economics, 4(33), 299-325.
  • Kiong, I. (2021). Dynamic Capabilities, Business Strategy, Innovation and Performance of FMGC Companies. Journal of Enterprise and Business Intelligence, 1(4), 182-185.
  • Lebel, P. (2008). The Role of Creative Innovation in Economic Growth: Some International Comparisons. Journal of Asian Economics, 19(4), 334-347.
  • Levine, R. (2005). Law, Endowments and Property Rights. Journal of Economic Perspectives, 19(3), 61-88.
  • Li, Y., Zhou, N., & Si, Y. (2010). Exploratory Innovation, Exploitative Innovation and Performance: Influence of Business Strategies and Environment. Nankai Business Review International, 1(3), 297-316.
  • Liu, H. W., & Li, Q. Y. (2010). Property rights institutions, expectation, and innovation: Evidence from China. In J. Gao, J. Z. Li, Y. Cheng, & X. L. Fu (Eds.), Proceedings of Academy of Innovation and Entrepreneurship 2010 (pp. 412–419). 3rd Annual Conference for the Academy of Innovation and Entrepreneurship, Tsinghua University, Beijing, People's Republic of China.
  • Magelssen, C. (2020). Allocation of Property Rights and Technological Innovation Within Firms. Strategic Management Journal, 41(4), 758-787.
  • Maradana, R. P., Pradhan, R. P., Dash, S., Gaurav, K., Jayakumar, M., & Chatterjee, D. (2017). Does Innovation Promote Economic Growth? Evidence From European Countries. Journal of Innovation and Entrepreneurship, 6(1), 1-23.
  • Noack, F., & Costello, C. (2024). Credit Markets, Property Rights, and the Commons. Journal of Political Economy, 132(7).
  • Parlakyıldız, F. M., & Güvel, E. A. (2015). Fikri Mülkiyet Hakları ve Bu Hakları Korumanın Ekonomik Önemi. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 8(4), 29-39.
  • Pece, A. M., Simona, O. E., & Salisteanu, F. (2015). Innovation and Economic Growth: An Empirical Analysis for CEE Countries. Procedia Economics and Finance, 26, 461-467.
  • Segal, I., & Whinston, M. D. (2013). Property Rights. In R. Gibbons, & J. Roberts (Eds.), The Handbook of Organizational Economics (p. 1203). Woodstock: Princeton University Press.
  • Shah, M. H., Wang, N., Chun, H. D., Zhang, K., Ullah, I., Ullah, A., & Iqbal, K. (2024). Exploring the Interwoven Relationship: Property Rights, Financial Freedom, Government Regulation, and Stock Market Fluctuations in Emerging Economies-A Novel System GMM Perspective. Heliyon, 10(1).
  • Süt, E., & Çetin, A. K. (2018). İnovasyon Göstergesi Olarak İnovasyon Endeksleri. Uluslararası Turizm Ekonomi ve İşletme Bilimleri Dergisi, 2(2), 299-309.
  • Taş, S. (2017). İnovasyon, Eğitim ve Küresel İnovasyon Endeksi. Bilge Uluslararası Sosyal Araştırmalar Dergisi, 1(1), 99-123.
  • The Heritage Foundation. (2022, October). The Index of Economic Freedom. Heritage.org: https://www.heritage.org/index/pages/about.
  • Trebilcock, M., & Veel, P. (2014). Property Rights and Development: The Contingent Case for Formalization. Published by Penn Law; Legal Scholarship Repository, 20(2), 397-482.
  • Williams, H. L. (2013). Intellectual Property Rights and Innovation: Evidence From the Human Genome. Journal of Political Economy, 121(1), 1-27.
  • Yavuz, Ç. (2010). İşletmelerde İnovasyon-Performans İlişkisinin İncelenmesine Dönük Bir Çalışma. Girişimcilik ve Kalkınma Dergisi, 5 (2), 143-173.
There are 37 citations in total.

Details

Primary Language English
Subjects Macroeconomics (Other), Innovation Management
Journal Section Articles
Authors

İlknur Taştan 0000-0002-3214-9403

Ahmet Konak 0000-0003-0688-8226

Seda Abacıoğlu 0000-0002-3150-2770

Publication Date May 6, 2025
Submission Date September 17, 2024
Acceptance Date April 27, 2025
Published in Issue Year 2025 Issue: 47

Cite

APA Taştan, İ., Konak, A., & Abacıoğlu, S. (2025). THE IMPACT OF PROPERTY RIGHTS ON INNOVATION: A RESEARCH ON COUNTRY DATA. Uluslararası İktisadi Ve İdari İncelemeler Dergisi(47), 125-136. https://doi.org/10.18092/ulikidince.1551300

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