The Impacts of Equity and Credit Marketplace Development on the Innovation in the ASEAN Counties

Abstract

The present study aim is to examine the impact of development of marketplace on the innovation of ASEAN countries around the globe. The data were extracted form the World Bank database and logistic model was used and STATA was employed for the analysis. The outcomes exposed that positive nexus among the development of marketplace both equity and credit on the innovation of ASEAN countries. This study guided to the regulators that the enhance the focus on the development of equity marketplace that enhance the innovation in the organization the ultimately improve the competitive advantage of the firm in the country.