Competition and technology acquisition among Nigerian firms
by Adekemi Jessica Oluwadare; Olufemi Obembe; David Oluseun Olayungbo
International Journal of Business Forecasting and Marketing Intelligence (IJBFMI), Vol. 2, No. 4, 2016

Abstract: Scholarly investigations into the impact of competition on innovative activities have provided mixed results which range from finding that imperfectly competitive markets are better at stimulating innovative activity to finding the complete opposite. Most of these studies have been carried out in developed economies, with little evidence on developing countries, especially Nigeria. This study seeks to provide empirical evidence on how firms in Nigeria respond with respect to the acquisition of technology when they face competition. Competition in this context is defined by the Price-Cost Margin (PCM) and technology acquisition is derived by summing expenditure on R&D, technical fees/licenses and royalty payments. The data obtained from 42 manufacturing firms listed on the Nigerian Stock Exchange between 2001 and 2013 was analysed using the Arellano and Bond Generalised Method of Moments (GMM) technique. The result shows that competition has a positive and significant impact on technology acquisition among Nigerian firms.

Online publication date: Thu, 03-Nov-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Forecasting and Marketing Intelligence (IJBFMI):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com