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An information economics perspective on main bank relationships and firm R&D

Hoewer, Daniel; Schmidt, Tobias; Sofka, Wolfgang - 2011

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Persistent link: https://www.econbiz.de/10010306607

Institutionalized Incentives for Ingenuity – Patent Value and the German Employees’ Inventions Act

Harhoff, Dietmar; Hoisl, Karin - 2006

Germany is one of few countries in which the monetary compensation for inventors is not only determined by negotiations between employer and employee-inventor, but also by relatively precise legal provisions. In this paper, we describe the characteristics of the German Employees’ Inventions...

Persistent link: https://www.econbiz.de/10010427736

Filling the Gap: The Consequences of Collaborator Loss in Corporate R&D

Poege, Felix; Gaessler, Fabian; Hoisl, Karin; Harhoff, … - 2022

We examine how collaborator loss affects knowledge workers in corporate R&D. We argue that such a loss affects the remaining collaborators not only by reducing their team-speciﬁc capital (as argued in the prior literature) but also by increasing their bargaining power over the employer, who is...

Persistent link: https://www.econbiz.de/10014467821

Everything you Always Wanted to Know About Inventors (But Never Asked): Evidence from the PatVal-EU Survey

Harhoff, Dietmar; Hoisl, Karin - 2006

Based on a survey of the inventors of 9,017 European patented inventions, this paper provides new information about the characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the motivations to invent, and the actual use and...

Persistent link: https://www.econbiz.de/10010427735

To Be Financed or Not … - The Role of Patents for Venture Capital Financing

Haeussler, Carolin; Harhoff, Dietmar; Müller, Elisabeth - 2009

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...

Persistent link: https://www.econbiz.de/10010427765

Knowledge sourcing: legitimacy deficits for MNC subsidiaries?

Schmidt, Tobias; Sofka, Wolfgang - 2009

Multinational corporations (MNC) search increasingly for lead market knowledge and technological expertise around the globe. We investigate whether their subsidiaries gain access to these valuable sources of host country knowledge to the same degree as domestic rivals. We develop a theoretical...

Persistent link: https://www.econbiz.de/10010298756

Bargaining failure and freedom to operate: Re-evaluating the effect of patents on cumulative innovation

Gaessler, Fabian; Harhoff, Dietmar; Sorg, Stefan - 2019

We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the …

Persistent link: https://www.econbiz.de/10012290351

Patents, freedom to operate, and follow-on innovation: Evidence from post-grant opposition

Gäßler, Fabian; Harhoff, Dietmar; Sorg, Stefan; von … - 2024

We study the blocking effect of patents on follow-on innovation by others. We posit that follow-on innovation requires … freedom to operate (FTO), which firms typically obtain through a license from the patentee holding the original innovation …. Where licensing fails, follow-on innovation is blocked unless firms gain FTO through patent invalidation. Using large …

Persistent link: https://www.econbiz.de/10014517482

What Makes Foreign Knowledge Attractiveto Domestic Innovation Managers?

Sofka, Wolfgang - Zentrum für Europäische Wirtschaftsforschung <Mannheim>

This study focuses on the early stages of international innovation activities, i.e. theorganizational processes through …

Persistent link: https://www.econbiz.de/10005867982