Showing 21 - 30 of 115
Analysing 474 cases of firms going public in the German capital between 1892 and 1913, we show that innovative firms could rely on the Berlin stock market as a source of financing. The data also reveal that initial public offerings (IPO) of innovative firms were characterized by particularly low...
Persistent link: https://www.econbiz.de/10011266534
concentration and innovation. This paper addresses this gap with an analysis of around 1,300 UK SMEs. The results suggest that firms …
Persistent link: https://www.econbiz.de/10011083243
We study the interplay between transportation infrastructure, knowledge flows, and innovation. Exploiting historical … variation, we estimate the effect of U.S. interstate highways on regional innovation. We find that a 10% increase in a region … flow of local knowledge and allow innovators to access more distant knowledge inputs. This finding suggests that …
Persistent link: https://www.econbiz.de/10011083321
entrepreneurs’ choice of riskiness (quality) of an innovation project, and on their mode of commercializing the innovation (market …
Persistent link: https://www.econbiz.de/10011083431
Patents are a useful but imperfect reward for innovation. In sectors like pharmaceuticals, where monopoly distortions … lower prices. Innovation prizes and other non-patent rewards are becoming more prevalent in government's innovation policy … therefore can generate the right innovation incentives. …
Persistent link: https://www.econbiz.de/10011083542
This paper provides an update of the NESTA Innovation Index and tries to calculate some facts for the 'knowledge …) document UK intangible investment and (2) see how it contributes to economic growth. Regarding investment in knowledge …
Persistent link: https://www.econbiz.de/10011083550
option of selling to an incumbent increases innovation incentives for entrepreneurs when network effects are strong and … necessarily restrict innovation incentives. We also show that network effects promote acquisitions over entry and that the … entrepreneur has strong incentives to invest in the initial user base of the innovation. …
Persistent link: https://www.econbiz.de/10011083667
-enhancing role of innovation and innovation policy. The analysis combines innovation variables with indicators linked to the … formation of adequate social conditions for innovation (the social filter), and spillovers for 31 Mexican states and the Mexico … not only from knowledge spillovers, but also from being surrounded by rich neighbors with good social conditions. The …
Persistent link: https://www.econbiz.de/10011083786
OECD member countries and 2 non-member countries. As countries differ in their national innovation systems and states of …-Saxon countries, the measurement of R&D efficiency needs to consider differences in the technology of knowledge production. The … account for country-specific heterogeneity. This paper models technological differences in knowledge production among …
Persistent link: https://www.econbiz.de/10011083796
“cutthroat”capitalism that generates greater inequality and more innovation and will become the technology leaders, while others …
Persistent link: https://www.econbiz.de/10011083861