Showing 1 - 10 of 546
, including value-creation, as measured by the likelihood and size of IPOs and M&As, and innovation, as measured by patents. It is … public policy objectives, including value-creation, innovation, and competition. A number of novel data-collection methods …
Persistent link: https://www.econbiz.de/10005575768
In this paper, we estimate the impact of receiving an NIH grant on subsequent publications and citations. Our sample consists of all applications (unsuccessful as well as successful) to the NIH from 1980 to 2000 for postdoctoral training grants (F32s) and standard research grants (R01s). Both...
Persistent link: https://www.econbiz.de/10005719966
, they produce more patents if they are more autonomous and face more competition from private research universities. Finally …, universities produce more patents when they receive an exogenous funding shock, suggesting that routine participation in such …
Persistent link: https://www.econbiz.de/10005830645
In this paper we present a comprehensive comparison of IPO placement methods in over 50 countries. We find that out of the three primary methods, fixed price public offers, auctions, and book building, auctions are least popular with issuers. Since auctions allow for price discovery while...
Persistent link: https://www.econbiz.de/10008540044
. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development … opaque arena for innovation financing, and tests central tenets of contract theory. …
Persistent link: https://www.econbiz.de/10010950751
This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high‐frequency longitudinal data. Using data from our survey of unemployed workers in New Jersey, where workers were interviewed each week for up to 24 weeks, we find that self‐reported...
Persistent link: https://www.econbiz.de/10010969248
This paper presents a model where teacher effects on long-run outcomes reflect effects on both cognitive skills (measured by test-scores) and non-cognitive skills (measured by non-test-score outcomes). Consistent with the model, results from administrative data show that teachers have causal...
Persistent link: https://www.econbiz.de/10010969310
Are teachersʼ impacts on studentsʼ test scores ("value-added") a good measure of their quality? One reason this question has sparked debate is disagreement about whether value-added (VA) measures provide unbiased estimates of teachersʼ causal impacts on student achievement. We test for bias...
Persistent link: https://www.econbiz.de/10010969316
We propose a social choice rule for aggregating preferences elicited from surveys into a marginal adjustment of policy from the status quo. The mechanism is: (i) symmetric in its treatment of survey respondents; (ii) ordinal, using only the orientation of respondents' indifference surfaces;...
Persistent link: https://www.econbiz.de/10010950709
This paper explores whether and how environmental stewardship can be provided by private markets through green advertising. We examine the period surrounding the BP oil spill and estimate how BP's pre-spill investment in "green advertising" affected the spill's impact on retail prices and demand...
Persistent link: https://www.econbiz.de/10010950761