Showing 1 - 10 of 810
We document how a plant-specific shock to investment opportunities at one plant of a firm ("treated plant") spills over to other plants of the same firm--but only if the firm is financially constrained. While the shock triggers an increase in investment and employment at the treated plant, this...
Persistent link: https://www.econbiz.de/10012460069
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10012461715
From 1988 to 2003, the average change in managerial ownership is significantly negative every year for American firms. The probability of large decreases in ownership is strongly increasing in contemporaneous and past stock returns but the probability of large increases in ownership through...
Persistent link: https://www.econbiz.de/10012465451
This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in...
Persistent link: https://www.econbiz.de/10012599381
ability to defend themselves against litigation. We find that NPE litigation has a real negative impact on innovation at … innovation in the industries in which they are most prevalent …
Persistent link: https://www.econbiz.de/10012458295
divestment to combat climate change. Will it work? This chapter explores whether divestment might induce green innovation, a … decomposing them and using alternative approaches to measuring environmental performance can improve investment, strategy, and … critical component of transitioning to a cleaner economy. Divestment could theoretically steer innovation by increasing the …
Persistent link: https://www.econbiz.de/10014226139
number of scholars, both legal and economic, have critiqued both the quality of these patents and the decisions themselves … about the relationship between the patent system and innovation, in order to draw some tentative conclusions about their …
Persistent link: https://www.econbiz.de/10012463780
We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then … match this management data to production and energy usage information for establishments owned by these firms. We find that … relation to other factor inputs. This is quantitatively substantial: going from the 25th to the 75th percentile of management …
Persistent link: https://www.econbiz.de/10012464253
Bank decision in 1998. Many scholars, both legal and economic, have critiqued both the quality of these patents and the … decision itself. This paper discusses the likely impact of these patents on innovation. It first reviews the facts about … system and innovation. It concludes by finding some consensus in the literature about the problems associated with this …
Persistent link: https://www.econbiz.de/10012468981
Business strategy can be defined as a firm's plan to generate economic profits based on lower cost, better quality, or … secure persistently superior performance via investments in better management and organization. We empirically analyze the …, internal firm organization, performance and innovation, which is representative of the entire Canadian economy. Our empirical …
Persistent link: https://www.econbiz.de/10012457820