We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting … activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of … spillovers, indicating that venture capital fosters the commercialization of technologies. Methodologically, we contribute by …

knowledge spillovers are unmeasurable, a 'goodness of fit' measure is constructed using innovation survey data. It turns out … that measures of the uncentered correlation of firm characteristics seem to fit actual knowledge spillovers best. Direct …

environment and asks how local knowledge spillovers affect firms' innovation persistence. The empirical analysis draws upon a … over discrete distances to proxy local knowledge spillovers. Based on correlated random effects probit models that control … bands show that the strength of knowledge spillovers that contribute to innovation persistence via true state dependence …

provided deliberately by the source and constitutes intended knowledge spillovers, e.g., knowledge disclosed in publications or … patent files. Other sources represent unintended knowledge spillovers, such as reverse engineering of technologies or hiring … of intended and unintended knowledge spillovers for innovation output at the firm level. Among intended knowledge …