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Technology, information and the decentralization of the firm
Acemoglu, Daron; Aghion, Philippe; Lelarge, Claire; Van … - London School of Economics (LSE) - 2006
This paper develops a framework to analyze the relationship between the diffusion of new technologies and the decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized control, on the...
Persistent link: https://www.econbiz.de/10010884642
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Strategic patenting and software innovation
Noel, Michael; Schankerman, Mark - London School of Economics (LSE) - 2006
Strategic patenting is widely believed to raise the costs of innovating, especially in industries characterised by cumulative innovation. This paper studies the effects of strategic patenting on R&D, patenting and market value in the computer software industry. We focus on two key aspects:...
Persistent link: https://www.econbiz.de/10010744919
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The impact of private ownership, incentives and local development objectives on university technology transfer performance
Belenzon, Sharon; Schankerman, Mark - London School of Economics (LSE) - 2007
We study the impact of private ownership, incentive pay and local development objectives on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for 1995-99. We...
Persistent link: https://www.econbiz.de/10010744928
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Innovation and institutional ownership
Aghion, Philippe; Van Reenen, John; Zingales, Luigi - London School of Economics (LSE) - 2009
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional...
Persistent link: https://www.econbiz.de/10010745303
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Innovation, reallocation and growth
Acemoglu, Daron; Akcigit, Ufuk; Bloom, Nicholas; Kerr, … - London School of Economics (LSE) - 2013
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US...
Persistent link: https://www.econbiz.de/10010745637
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Basic research and sequential innovation
Belenzon, Sharon - London School of Economics (LSE) - 2006
The commercial value of basic knowledge depends on the arrival of follow-up developments mostly from outside the …-up developments. Such internalization is less likely to occur as knowledge becomes more general. This motivates the historical concern … identifying unique patterns of knowledge flows (based on patent citations), which provide information about whether ‘spilled …
Persistent link: https://www.econbiz.de/10010745650
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Harnessing success: determinants of university technology licensing performance
Belenzon, Sharon; Schankerman, Mark - London School of Economics (LSE) - 2007
We study the impact of incentive pay, local development objectives and government constraints on university licensing performance. We develop and test a simple contracting model of technology licensing offices, using new survey information together with panel data on U.S. universities for...
Persistent link: https://www.econbiz.de/10010746044
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Strategic patenting and software innovation
Noel, Michael; Schankerman, Mark - London School of Economics (LSE) - 2006
Strategic patenting is widely believed to raise the costs of innovating, especially in industries characterised by cumulative innovation. This paper studies the effects of strategic patenting on R&D, patenting and market value in the computer software industry. We focus on two key aspects:...
Persistent link: https://www.econbiz.de/10010746431
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Identifying technology spillovers and product market rivalry
Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2005
Government policies to support R&D are predicated on empirical evidence of R&D "spillovers" between firms. But there are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business stealing by product market rivals. We develop a general...
Persistent link: https://www.econbiz.de/10011125934
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Identifying technology spillovers and product market rivalry
Bloom, Nick; Schankerman, Mark; Van Reenen, John - London School of Economics (LSE) - 2013
effect from technology (knowledge) spillovers and a negative business stealing effects from product market rivals. We develop …
Persistent link: https://www.econbiz.de/10011126004