Showing 1 - 10 of 484
We exploit Medicare national coverage reimbursement approvals of medical devices as a quasi-natural experiment to investigate how private and publicly traded firm financing decisions and product introductions respond to exogenous changes in investment opportunities. We find that publicly traded...
Persistent link: https://www.econbiz.de/10010950886
We use text-based computational analysis of business descriptions from 10-Ks to examine in which industries conglomerates are most likely to operate and to understand conglomerate valuations. We find that conglomerates are more likely to operate in industry pairs that are closer together in the...
Persistent link: https://www.econbiz.de/10009226943
, suppliers and technology specialists. We also estimate the contribution of each source to innovation in the US economy. Although … rate of innovation in the economy. Indeed, results from a multinomial logit model suggest that, were the outside … availability of innovation to be removed, the percentage of innovating firms in the U.S. manufacturing sector would drop from 18 …
Persistent link: https://www.econbiz.de/10010951285
This paper compares the role innovation plays in productivity across the four European countries France, Germany, Spain … and the UK using firm-level data from the internationally harmonized Community Innovation Surveys (CIS3). Despite a … still rare. We apply a structural model that describes the link between R&D expenditure, innovation output and productivity …
Persistent link: https://www.econbiz.de/10005084604
We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …
Persistent link: https://www.econbiz.de/10010641727
This paper studies the impact of process and product innovations introduced by firms on employment growth in these firms. A simple model that relates employment growth to process innovations and to the growth of sales separately due to innovative and unchanged products is developed and estimated...
Persistent link: https://www.econbiz.de/10005714200
segmentation) shaped the underlying incen- tives for innovation in the PC industry during the mid to late 1980s. …
Persistent link: https://www.econbiz.de/10005774754
outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any …
Persistent link: https://www.econbiz.de/10005088894
Support for R&D subsidies relies on empirical evidence that R&D "spills over" between firms. But firm performance is affected by two countervailing R&D spillovers: positive effects from technology spillovers and negative business stealing effects from R&D by product market rivals. We develop a...
Persistent link: https://www.econbiz.de/10005050282
's fairs between 1851 and 1915. Exhibition data show that the industry where an innovation is made is the single most important … patent. The discovery of the periodic table in 1869 offers an opportunity to test this idea. Exhibition data show that …
Persistent link: https://www.econbiz.de/10005580487