TITLE OF THE PROJECT

(Students Names)
Financial Management Course Project

QUAID-I-AZAM SCHOOL OF MANAGEMENT SCIENCES

QUAID-I-AZAM UNIVERSITY
ISLAMABAD, PAKISTAN
Month, Year
 (Title)

(Students Names)
(Registration Numbers)

Supervisor
Dr. Wasim Abbas Shaheen
Assistant Professor, QASMS
Quaid-i-Azam University, Islamabad
 Quaid-I-Azam School of Management Sciences
Quaid-I-Azam University, Islamabad
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Name of the Degree: BS Business Administration
Field of Study: Management Sciences
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 Table of Contents

Cover Page
Title…………………………………………………………………………………………...i
Blank Page……………………………………………………………………………………ii
Original Literary Work Declaration………………………………………………………...iii
Acknowledgements………………………………………………………………………….iv
Table of Contents……………………………………………………………………………vi
List of Tables………………………………………………………………………………..vii
List of Figures …………………………………………………………………………….viii
List of Abbreviations………………………………………………………………………...ix
Abstract……………………………………………………………………………………...x
Chapter 1: Introduction ……………………………...………………………………….. 1
1.1 Background of the Study ………………………………………………….. 1
1.2 Institutional Quality and Commercialization of Innovation ………………. 9
1.3 Economic Growth and Commercialization of Innovation ………………… 12
1.4 Rationale of the Study ……………………………………………………...14
1.5 Significance and Contributions of the Study ……………………………… 15
1.6 Theme of the Study ………………………………………………………...16
1.7 Initial Findings …………………………………………………………….. 17
References …………………………………………………………………………………119
Appendices ………………………………………………………………………………...132
 List of Tables

1.1 Summary Statistics for the Main Variables Used In Our Study ………………………. 52

2.1 Summary Statistics for Democracies and Non-Democracies …………………………. 53

3.3 Pairwise Correlation and Variance Inflation Factor (VIF) to check Multicollinearity ...54

4.1 Impact of Type of Government on Commercialization of Innovation ………………... 57

5.1 Effect of Corruption on Commercialization of Innovation (log HT_Exp) ……………. 68

5.2 Regression Analysis for the Impact of Corruption on Commercialization of

Innovation (HT_Exp) across Regions ………………………………………………….69

6.8 Effects of Corruption (Corp) on Potential Mechanisms ………………………………. 113

 List of Figures
1.2 Frequency Trends of R&D Technicians and R&D Researchers (2001-2015) ………... 3
1.3 technology Commercialization Stage with Macro Effects ……………………………. 5
2.1 Multi-Stage Model of Commercialization of Patents …………………………………. 20
3.1 Regional Classification of the Countries ……………………………………………….49
 List of Abbreviations
BRIICS Brazil, Russia, India, Indonesia, China and South Africa
CBS Cost of Business Startups
CIP Cost of Intellectual Property Use