Firm Age and Innovation

We examine how firm age relates to innovation quality, and how this relationship varies depending on the nature of technology. Using data on patents of COMPUSTAT firms, we find that firm age is negatively related to technical quality, and that this effect is greater in technologically active areas. The economic implication of this effect is substantial; each additional year reduces the impact of a 10% increase in Ramp;D intensity on the firm's market value by more than 3%

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Year of publication:	[2013]
Authors:	Balasubramanian, Natarajan
Other Persons:	Lee, Jeongsik (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Innovationsmanagement \| Innovation management \| Innovation \| Unternehmenswachstum \| Firm growth

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Extent:	1 Online-Ressource (50 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Industrial and Corporate Change, Vol. 17, No. 5, pp. 1019-1047, October 2007 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 24, 2007 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012753295