Showing 1 - 10 of 142
We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing … constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries … between borrowers and lenders, we quantify the value of using patents as collateral with regard to capital access. Although …
Persistent link: https://www.econbiz.de/10013346735
We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance based on patent abstracts and classify patent ownership using a comprehensive business registry. We highlight four insights. First, average patent importance declined from...
Persistent link: https://www.econbiz.de/10014504832
ordered to license all its copier-technology patents in the US and abroad. I show that this promoted innovation by other firms … in the copier industry, measured by a disproportionate increase in patenting in technologies where Xerox patents became …
Persistent link: https://www.econbiz.de/10014479185
Because China has become one of the largest applicants of PCT patents, it is of interest to compare the quality of …
Persistent link: https://www.econbiz.de/10012000580
most frequently used indicators - R&D expenditure and patents - provide an incomplete picture as they represent inputs and …
Persistent link: https://www.econbiz.de/10012888552
We utilize a new survey experiment to evaluate the existence and degree of financial constraints for R&D in the economy. The experiment does not only allow to deduct the presence of financial constraints, but also to evaluate their economic significance. Using data on German companies, we find...
Persistent link: https://www.econbiz.de/10012671880
capital, human capital and productivity. These correlations hold across countries, subnational regions, and individuals …
Persistent link: https://www.econbiz.de/10013189598
We analyze the impact of subsidies on R&D expenditures in the financial crisis and beyond. The financial crisis has led to considerable turmoil in financing and, as a result, to restrictions of firms' access to external financing. Utilizing this fact, we identify and analyze financing...
Persistent link: https://www.econbiz.de/10012793582
The emergence of online labor markets calls the validity of traditional career models into question. Given the volatility and digital nature of this environment, short-term employment relationships and heterogeneity of workers, employers and tasks in these markets, it is unclear how careers...
Persistent link: https://www.econbiz.de/10012392718
Knowledge-based capital is a key factor for productivity growth. Over the past 15 years, it has been increasingly recognised that knowledge-based capital comprises much more than technological knowledge and that these other components are essential for understanding productivity developments and...
Persistent link: https://www.econbiz.de/10012292714