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Using detailed data on biotechnology in Japan, we find that identifiable collaborations" between particular university star scientists and firms have a large positive impact on firms'" research productivity, increasing the average firm's biotech patents by 34 percent development by 27 percent,...
Persistent link: https://www.econbiz.de/10013227202
This paper uses wavelets to decompose each stock's trading-volume variance into frequency-specific components. We find that stocks dominated by short-run fluctuations in trading volume have abnormal returns that are 1% per month higher than otherwise similar stocks where short-run fluctuations...
Persistent link: https://www.econbiz.de/10012950057
This paper studies localization of academic and industrial knowledge spillovers. Using data on U.S. Research and Development laboratories, that quantify spatial aspects of learning about universities and firms as well as their locations, I find that academic spillovers are more localized than...
Persistent link: https://www.econbiz.de/10013244883
A large and growing literature has used patent and patent citation data to measure knowledge spillovers across … United States, including Israel, have emerged as important centers of innovation. Using data from U.S. PTO patent grants in …
Persistent link: https://www.econbiz.de/10012947658
Patent data have been widely used in research on technological innovation to characterize firms' locations as well as … based on patent class data, including Euclidean distance, correlation, and angle between firms' patent class distributions … biased and imprecise measures of proximity. We explore the effects of larger sample sizes and coarser patent class breakdowns …
Persistent link: https://www.econbiz.de/10012750343
This paper assesses the validity and accuracy of firms' backward patent citations as a measure of knowledge flows from … associated with backward citations to both patent and nonpatent references. We find that patent citations reflect the codified …, as well as those used in firm basic research. We also find that firms' patenting and citing strategies affect patent …
Persistent link: https://www.econbiz.de/10013065647
Using application-level data from the Patent Office from 2001 to 2012, merged with personnel data on patent examiners …, we explore the extent to which the key decision of examiners—whether to allow a patent—is shaped by the granting styles … grant rate of her peer group, an examiner in her first two years at the Patent Office will experience a 0.15 standard …
Persistent link: https://www.econbiz.de/10012931221
other citations; (2) patents in the same patent class are approximately 100 times as likely to cite each other as patents … from different patent classes there is not a strong time pattern to this effect; (3) patents whose inventors reside in the …
Persistent link: https://www.econbiz.de/10013233452
through patent citations: California, Texas, Ohio, DC/Virginia-Maryland, and Alabama. Third, qualitative evidence provides … some support for the use of patent citations as proxies for both technological impact and knowledge spillovers …
Persistent link: https://www.econbiz.de/10013220399
The location of US multinational foreign R&D has shifted significantly to include emerging markets in addition to traditional Western R&D hubs, resulting in two challenges for multinationals: (1) how to transfer knowledge across geographic distances, and (2) how to facilitate learning when local...
Persistent link: https://www.econbiz.de/10012922984