Showing 1 - 8 of 8
innovation. Unlike previous literature based on survey data, we exploit the observed pattern of contributions - the .revealed …
Persistent link: https://www.econbiz.de/10005670637
Using novel data on European firms, this paper examines the effect of business group affiliation on innovation. We find … that business groups foster the scale and novelty of corporate innovation. Group affiliation is particularly important in … industries that rely more on external finance and have a higher degree of information asymmetry. We also find that the innovation …
Persistent link: https://www.econbiz.de/10005151051
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010655943
We study the impact of private ownership, incentive pay and local development objectives on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for 1995-99. We...
Persistent link: https://www.econbiz.de/10005220060
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10005151064
It is shown that spillovers can enhance private returns to innovation if they feed back into the dynamic research of …" knowledge is reabsorbed by its inventor. A simple model of sequential innovation with dynamic spillovers is developed, which …
Persistent link: https://www.econbiz.de/10005670550
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10012900520
The commercial value of basic knowledge depends on the arrival of follow-up developments mostly from outside the boundaries of the inventing firm. Private returns would depend on the extent the inventing firm internalizes these follow-up developments. Such internalization is less likely to occur...
Persistent link: https://www.econbiz.de/10005797317