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Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

Persistent link: https://www.econbiz.de/10012457764

The Changing Structure of American Innovation : Some Cautionary Remarks for Economic Growth

Arora, Ashish - 2019

major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a …

Persistent link: https://www.econbiz.de/10012479842

Innovators : Songwriters

Galenson, David - 2009

Irving Berlin and Cole Porter were two of the great experimental songwriters of the Golden Era. They aimed to create songs that were clear and universal. Their ability to do this improved throughout much of their careers, as their skill in using language to create simple and poignant images...

Persistent link: https://www.econbiz.de/10012463138

Intracompany Governance and Innovation

Belenzon, Sharon - 2009

This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and …: while most innovating firms in the US are publicly traded conglomerates, a substantial fraction of innovation is … countries, where business groups tend to be concentrated in industries with a slower and more fundamental innovation cycle and …

Persistent link: https://www.econbiz.de/10012463346

The Greatest Photographers of the Twentieth Century

Galenson, David - 2009

A survey of textbooks reveals that scholars consider Alfred Stieglitz to have been the greatest photographer of the twentieth century, followed in order by Walker Evans, Cindy Sherman, Man Ray, and Eugène Atget. Stieglitz, Evans, and Atget were experimental artists, who were committed to...

Persistent link: https://www.econbiz.de/10012463373

Conceptual Revolutions in Twentieth-Century Art

Galenson, David - 2009

conspicuous innovation increased, conceptual artists could respond to these incentives more quickly and decisively than their …

Persistent link: https://www.econbiz.de/10012463576

Language in Visual Art : The Twentieth Century

Galenson, David - 2008

paintings and collages in entirely new ways, and their innovation was quickly adopted by other artists. Words, phrases, and …

Persistent link: https://www.econbiz.de/10012464801

First-mover Advantage and the Private Value of Public Science

Arora, Ashish; Belenzon, Sharon; Dionisi, Bernardo - National Bureau of Economic Research - 2021

Technical progress increasingly relies on the use of scientific knowledge. But if much of this knowledge is in the public domain, can it be a source of private value? We find that average private returns to using public science are small, especially in crowded technical fields, consistent with...

Persistent link: https://www.econbiz.de/10012496086

Science and the Market for Technology

Arora, Ashish; Belenzon, Sharon; Suh, Jungkyu - National Bureau of Economic Research - 2021

Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from...

Persistent link: https://www.econbiz.de/10012496087

The Effect of Public Science on Corporate R&D

Arora, Ashish; Belenzon, Sharon; Cioaca, Larisa C.; … - National Bureau of Economic Research - 2023

innovation in firms. However, inventions from universities and public research institutes substitute for corporate inventions and …

Persistent link: https://www.econbiz.de/10014437030