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Productivity in Pharmaceutical Biotechnology R&D : The Role of Experience and Alliances

Danzon, Patricia Munch - 2003

Using data on over 900 firms for the period 1988-2000, we estimate the effect on phase-specific biotech and pharmaceutical R&D success rates of a firm's overall experience, its experience in the relevant therapeutic category; the diversification of its experience, and alliances with large and...

Persistent link: https://www.econbiz.de/10012469083

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

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

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

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

Depreciation of Business R&D Capital

Li, Wendy C.Y. - 2016

&D depreciation rates between the U.S. and Japan, and find that the results reflect the relative technological competitiveness in key …

Persistent link: https://www.econbiz.de/10012456204

When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data

Branstetter, Lee G. - 2000

We examine the impact of a large number of Japanese government-sponsored research consortia on the research productivity of participating firms by measuring their patenting in the targeted technologies before, during, and after participation. Consistent with the theoretical predictions of Katz...

Persistent link: https://www.econbiz.de/10012470764

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

Japanese Research Consortia : A Microeconometric Analysis of Industrial Policy

Branstetter, Lee - 1997

The existence of strong spillover' effects of private R&D increases the potential social contribution of R&D but may depress the private incentives to undertake it. R&D consortia offer a potentially effective means of internalizing this externality, and a number of prominent economists have...

Persistent link: https://www.econbiz.de/10012472748

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