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Do Equity Financing Cycles Matter? Evidence from Biotechnology Alliances
Lerner, Josh - 2000
While the variability of public equity financing has been long recognized, its impact on firms has attracted little empirical scrutiny. This paper examines one setting where theory suggests that variations in financing conditions should matter, alliances between small R&D firms and major...
Persistent link: https://www.econbiz.de/10012471312
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Patent Pools and the Direction of Innovation - Evidence from the 19th-century Sewing Machine Industry
Lampe, Ryan L. - 2011
Patent pools allow a group of firms to combine their patents as if they were a single firm. Theoretical models predict that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence is scarce because modern pools are too recent to allow...
Persistent link: https://www.econbiz.de/10012461085
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Business Groups and the Big Push : Meiji Japan's Mass Privatization and Subsequent Growth
Morck, Randall - 2007
Japan's zaibatsu, or pyramidal business groups, provided this coordination after the Meiji government failed at the task. We … that unique historical circumstances aided their success in prewar Japan. Specifically, Japan uniquely marginalized its …
Persistent link: https://www.econbiz.de/10012465482
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Bank Ties and Bond Market Access : Evidence on Investment-Cash Flow Sensitivity in Japan
McGuire, Patrick - 2003
paper investigates whether bank ties in Japan were costly for mature and healthy firms in the 1980's and 1990's, and whether …
Persistent link: https://www.econbiz.de/10012469054
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Comparison and Analysis of Productivity Growth and R&D Investment in theElectrical Machinery Industries of the United States and Japan
Nadiri, M. Ishaq - 1986
This paper presents a comparative analysis of productivity growth in the U.S. and Japanese electrical machinery industries in the postwar period. This industry has experienced rapid growth in output and productivity and high rates of capital formation in both countries. A substantial amount of...
Persistent link: https://www.econbiz.de/10012477226
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R&D and Productivity Growth : Comparing Japanese and U.S. Manufacturing Firms
Griliches, Zvi - 1985
firms, in both Japan and the U.S., and relate them to differences in the rates of growth in their capital-labor ratios and … estimated effect of the growth in the capital-labor ratio on firm productivity is approximately twice as large in Japan than in …
Persistent link: https://www.econbiz.de/10012477298
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Is Japan's Innovative Capacity in Decline?
Branstetter, Lee - 2003
This paper investigates changes in the output and productivity of research and development activities in Japanese manufacturing firms over the 1980s and 1990s. Evidence from aggregate patent and R&D statistics and a micro-level analysis of R&D productivity at the firm-level suggest that there...
Persistent link: https://www.econbiz.de/10012469265
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Capturing Technological Opportunity via Japan's Star Scientists : Evidence from Japanese Firms' Biotech Patents and Products
Zucker, Lynne G. - 1998
Using detailed data on biotechnology in Japan, we find that identifiable collaborations" between particular university … incentives motivating their participation in" technology transfer. In Japan, the legal and institutional context implies that …" in the firm's labs. As a result, star collaborations in Japan are less localized around their research" universities so …
Persistent link: https://www.econbiz.de/10012472457
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The Myth of the Patient Japanese : Corporate Myopia and Financial Distress in Japan and the US
Hall, Brian J. - 1996
It is widely believed that the stock-market oriented US financial system forces corporate managers to behave myopically relative to their Japanese counterparts, who operate in a bank-based system. We hypothesize that if US firms are more myopic than Japanese firms, then episodes of financial...
Persistent link: https://www.econbiz.de/10012473010
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R&D, Production Structure and Productivity Growth : A Comparison of the US, Japanese and Korean Manufacturing Sectors
Nadiri, M. Ishaq - 1996
We estimate and compare the production structures of the US, Japanese, and Korean total manufacturing sectors for the 1974-1990 period. We employ a translog variable cost function that includes such inputs as labor, materials, physical and R&D capital with the physical and R&D capital treated as...
Persistent link: https://www.econbiz.de/10012473353