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The Effects of Entry on Incumbent Innovation and Productivity
Aghion, Philippe - 2006
How does firm entry affect innovation incentives and productivity growth in incumbent firms? Micro-data suggests that … threat spurs innovation incentives in sectors close to the technological frontier--successful innovation allows incumbents to … prevent entry. In laggard sectors it discourages innovation--increased entry threat reduces incumbents' expected rents from …
Persistent link: https://www.econbiz.de/10012466642
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Recruiting for Ideas : How Firms Exploit the Prior Inventions of New Hires
Singh, Jasjit - 2010
When firms recruit inventors, they acquire not only the use of their skills but also enhanced access to their stock of ideas. But do hiring firms actually increase their use of the new recruits' prior inventions? Our estimates suggest they do, quite significantly in fact, by approximately 202%...
Persistent link: https://www.econbiz.de/10012462781
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Not Invented Here? Innovation in Company Towns
Agrawal, Ajay K. - 2009
locations. In 12 of these areas, innovation is particularly concentrated in a single, large firm; we refer to such locations as …
Persistent link: https://www.econbiz.de/10012463212
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Innovation and Institutional Ownership
Aghion, Philippe - 2009
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite …, policy changes and disaggregating by type of owner we find that the effect of institutions on innovation does not appear to …
Persistent link: https://www.econbiz.de/10012463878