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Key success drivers in public research grants : funding the seeds of radical innovation in academia?

Banal-Estañol, Albert; Macho-Stadler, Inés; … - 2016

innovation, we characterize such "radical teams" as those formed by eclectic and non-usual collaborators, and those that are …

Persistent link: https://www.econbiz.de/10011451136

Innovation contests

Pérez-Castrillo, J. David; Wettstein, David - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

Persistent link: https://www.econbiz.de/10010260048

Firms' innovation strategy under the shadow of analyst coverage

Guo, Bing; Pérez-Castrillo, J. David; Toldra, Anna - 2017

We study the effect of analyst coverage on firms' innovation strategy and outcome. By considering three different … negative effect becomes not significant when firms' in-house R&D spending and external innovation channels are taken into … account. We find that more financial analysts encourage firms to make more efficient investments related to innovation, which …

Persistent link: https://www.econbiz.de/10011688059

Private versus social incentives for pharmaceutical innovation

González, Paula; Macho-Stadler, Inés; … - 2015

We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are "follow-on" drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct a...

Persistent link: https://www.econbiz.de/10011406575

Working from home around the world

Aksoy, Cevat Giray; Barrero, Jose Maria; Bloom, Nicholas; … - 2022

innovation. …

Persistent link: https://www.econbiz.de/10013365385

Endogeneous Matching in University-Industry Collaboration: Theory and Empirical Evidence from the UK

Banal-Estañol, Albert; Macho-Stadler, Inés; … - 2013

We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in terms of ability on one side and affinity in the...

Persistent link: https://www.econbiz.de/10009772922

Managing trade : evidence from China and the US

Bloom, Nicholas; Manova, Kalina; Van Reenen, John; Sun, … - 2018

We present a heterogeneous-firm model in which management ability increases both pro- duction efficiency and product quality. Combining six micro-datasets on management prac- tices, production and trade in Chinese and American firms, we find broad support for the model's predictions. First,...

Persistent link: https://www.econbiz.de/10011864551