Corporate research and value creation in Peru

Iglesias-Osores, Sebastian (2026): Corporate research and value creation in Peru.

Abstract

This working paper develops a conceptual and contextual framework for understanding corporate research in Peru as a value-creation capability rather than as an activity mainly induced by public grants or tax incentives. The central argument is that public innovation funds and tax benefits can accelerate business innovation, but they cannot substitute for the internal routines through which firms learn, document, protect, and capture value from knowledge. Drawing on the resource-based view, the knowledge-based theory of the firm, absorptive capacity, dynamic capabilities, open innovation, technological capability accumulation in emerging economies, and the appropriability literature, the paper proposes an integrated pathway linking corporate research, structured learning, firm-specific know-how, appropriability decisions, innovation capability, and economic value capture. The argument is situated in the Peruvian context through indicators of low R&D intensity, public information on Law No. 30309, patenting evidence, and sectoral illustrative cases. The paper contributes by reframing public innovation instruments as levers of pre-existing capabilities rather than substitutes for strategy, and by offering a practical maturity framework for managers seeking to transform research activities into intangible assets, technical reputation, and new sources of income.

• Item Type: MPRA Paper
• English Title: Corporate research and value creation in Peru: know-how, appropriability and innovation capabilities
• Language: Spanish
• Keywords: corporate research; R&D management; innovation strategy; Peru; know-how; intellectual property; technological capabilities; appropriability; value capture; public innovation policy
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O31 - Innovation and Invention: Processes and Incentives; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O32 - Management of Technological Innovation and R&D; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O34 - Intellectual Property and Intellectual Capital; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O38 - Government Policy; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O54 - Latin America ; Caribbean

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