THE IMPACT OF PROPERTY RIGHTS ON INNOVATION: A RESEARCH ON COUNTRY DATA

The aim of this study is to determine the impact of property rights on innovation. While many studies analyze the topic at the business level, this study aims to determine the role of property rights in improving innovation performance. The research was conducted based on quantitative research methods using secondary data obtained from various organizations, which are publicly published as innovation indices and datasets referred to as property rights. We conducted correlation and regression analyses using the SPSS software package on both variables published for the year 2022. The analyses have identified a linear and significant relationship between property rights development and innovation indices levels. The regression analysis revealed that these linear relationships are significant. It is vital to develop the elements of property rights as driving forces in the advancement of innovation and to ensure trust in these elements.