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Dynamics of first-time patenting firms
Nilsen, Øivind Anti; Raknerud, Arvid - 2022
supports innovation activities, especially early in the life cycle of firms. …
Persistent link: https://www.econbiz.de/10013365124
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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
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Heterogeneous beliefs and the demand for D&O insurance by listed companies
Egger, Peter; Radulescu, Doina; Rees, Ray - 2014
This paper introduces a new rationale for the existence of "Directors' and Officers'" (D&O) insurance. We use a model with volatile stock markets where shareholders design compensation schemes that incentivize managers to stimulate short-term increases in stock prices that do not maximize long...
Persistent link: https://www.econbiz.de/10010237759
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Why does idiosyncratic risk increase with market risk?
Bartram, Söhnke M.; Brown, Gregory W.; Stulz, René M. - 2017
From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive relation between IR and MR is highly stable through time and is robust across exchanges, firm size, liquidity, and market-to-book groupings. Though stock liquidity affects the...
Persistent link: https://www.econbiz.de/10011674278
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Who stands on the shoulders of Chinese (scientific) giants? : evidence from chemistry
Qiu, Shumin; Steinwender, Claudia; Azoulay, Pierre - 2023
by the number of publications originating from Chinese research institutions. China's rise in science has the potential …
Persistent link: https://www.econbiz.de/10013489712
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The long-term effect of Western customs institution on firm innovation in China
Jin, Gan; Schulze, Günther G. - 2024
industrial firms in China, we show that firms in locations historically affected by the CMC rules exhibit higher innovation …Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the … foreign-run Chinese Maritime Customs Service (CMC), known for its efficient and transparent governance, took over some of the …
Persistent link: https://www.econbiz.de/10014478735
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Global collaborative patents
Pekkala Kerr, Sari; Kerr, William R. - 2016
We study the prevalence and traits of global collaborative patents for U.S. public companies, where the inventor team is located both within and outside of the United States. Collaborative patents are frequently observed when a corporation is entering into a new foreign region for innovative...
Persistent link: https://www.econbiz.de/10011561206
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Dynamic models of R&D, innovation and productivity : panel data evidence for Dutch and French manufacturing
Raymond, Wladimir; Mairesse, Jacques; Mohnen, Pierre A.; … - 2013
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10009764446
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Are ex ante and ex post licensing agreements useful instruments to lessen uncertainty in R&D?
Siebert, Ralph - 2013
In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While RJVs are well explored in the literature, very...
Persistent link: https://www.econbiz.de/10010223406
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R&D and production behavior of asymmetric duopoly subject to knowledge spillovers
Plasmans, Joseph E. J. - 2000
We construct an asymmetri c duopolistic R&D and production behavior model subject to knowledge spillovers. This model is an extension to the symmetric model of d'Aspremont and Jacquemin (A&J (1988)) and aims to determine the cooperative and non-cooperative R&D strategies for two agents of...
Persistent link: https://www.econbiz.de/10009781563