Showing 1 - 10 of 18
This paper examines the relationship between innovation and firms' dependence on external capital by analyzing the innovation activities of privately-held and publicly-traded firms. We find that public firms in external finance dependent industries generate patents of higher quantity, quality,...
Persistent link: https://www.econbiz.de/10012458954
We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This research strand has been very active over the past five years, generating important new findings, questioning some long-held beliefs, and creating its own puzzles. Our review...
Persistent link: https://www.econbiz.de/10012457990
This paper builds a model of stock exchange competition tailored to the institutional and regulatory details of the …
Persistent link: https://www.econbiz.de/10012479804
effects of competition on individuals' creative production. Using a sample of commercial logo design competitions, and a novel …, content-based measure of originality, I find that intensifying competition induces agents to produce original, untested ideas … over tweaking their earlier work, but heavy competition drives them to stop investing altogether. The results yield lessons …
Persistent link: https://www.econbiz.de/10012480710
We study why high-priced acquisitions of entrants by an incumbent do not necessarily stimulate more innovation and entry in an industry (like that of digital platforms) where customers face switching costs and enjoy network externalities. The prospect of an acquisition by the incumbent platform...
Persistent link: https://www.econbiz.de/10012481729
innovation competition using the geography of Chinese internet penetration and Chinese import data. Increases in the ability of … rate, consistent with increased intellectual property competition …
Persistent link: https://www.econbiz.de/10012482450
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million …-specific quotas following China's entry into the World Trade Organization. Chinese import competition had two effects: first, it led … account for around 15% of European technology upgrading between 2000-2007. Rising Chinese import competition also led to falls …
Persistent link: https://www.econbiz.de/10012461940
This paper examines the impact of government-sponsored venture capitalists (GVCs) on the success of enterprises. Using international enterprise-level data, we identify a surprising non-monotonicity in the effect of GVC on the likelihood of exit via initial public offerings (IPOs) or third party...
Persistent link: https://www.econbiz.de/10012462136
at which they upgrade the quality of their products. We analyze the effect of import competition on quality upgrading …
Persistent link: https://www.econbiz.de/10012463146
public policy objectives, including value-creation, innovation, and competition. A number of novel data-collection methods …
Persistent link: https://www.econbiz.de/10012464618