The impact of cultural orientation towards secrecy on innovation
基于跨国私营企业数据，研究发现社会对保密的重视程度越高，企业投资创新的可能性越低，这解释了不同国家间私营企业创新的差异。
Our empirical analyses, based on a large international dataset of private firms, show that a cultural orientation towards secrecy significantly negatively affects the likelihood of investing in innovation. This finding is robust to a host of concerns and suggests that cultural orientation towards secrecy explains a significant portion of the cross-country variations in private firms’ innovation.