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firms may protect their inventions by means of intellectual property rights, such as patents. By taking out a patent … of patents on the dissemination of R&D findings is, however, insignificant. Therefore, we conclude that patent … functioning of the contemporary patent system. We find that patenting firms are being less confronted with imitation. The effect …
Persistent link: https://www.econbiz.de/10012623469
We utilize a new survey experiment to evaluate the existence and degree of financial constraints for R&D in the economy. The experiment does not only allow to deduct the presence of financial constraints, but also to evaluate their economic significance. Using data on German companies, we find...
Persistent link: https://www.econbiz.de/10012671880
Artificial Intelligence (AI) represents a set of techniques that enable new ways of innovation and allows firms to offer new features of products and services, to improve production, marketing and administration processes, and to introduce new business models. This paper analyses the extent to...
Persistent link: https://www.econbiz.de/10012500899
Persistent link: https://www.econbiz.de/10013428554
challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …
Persistent link: https://www.econbiz.de/10013428313
-in-difference regressions on firms' debt allows deducting treatment effects of using patents as collateral. We find that patent pledging enables …We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing … constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries …
Persistent link: https://www.econbiz.de/10013346735
Artificial Intelligence (AI) is often regarded as the next general-purpose technology with a rapid, penetrating, and far-reaching use over a broad number of industrial sectors. A main feature of new general-purpose technology is to enable new ways of production that may increase productivity. So...
Persistent link: https://www.econbiz.de/10012819685
The concept of Open Innovation (OI) has breathed new life into both empirical research and industry practice concerned with distributed and collaborative modes of innovating. Certainly, the volume of OI research and its impact on practice has been remarkable. However, equally remarkable is the...
Persistent link: https://www.econbiz.de/10012421961
The COVID-19 pandemic has affected firms in many economies. Exploiting treatment heterogeneity, we use a difference-in-differences design to causally identify the short-run impact of COVID-19 on innovation spending in 2020 and expected innovation spending in subsequent years. Based on a...
Persistent link: https://www.econbiz.de/10014311916
We follow the migration patterns of European inventors and find evidence of a novel emigration determinant: policy uncertainty. We find that policy uncertainty raises the rate of inventor emigration by a notable magnitude. With a one standard deviation in the policy uncertainty of the home...
Persistent link: https://www.econbiz.de/10013411271