The following article systematically analyzes the question of how the results of R&D and its protection - or so to say, the technology base of a firm - can influence its market value and profits. Based on theoretical arguments it is hypothesized that large and highly valuable patent portfolios...

We evaluate the impact of cooperation with public research institutions on firms' inno-vative activities in France and Germany, using data from the fourth Community Innova-tion Survey (CIS4). We propose an original econometric methodology, which explicitly takes into account potential estimation...