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Belenzon, Sharon - 2009

This paper examines the relation between ownership, corporate form, and innovation for a cross-section of private and …: while most innovating firms in the US are publicly traded conglomerates, a substantial fraction of innovation is … countries, where business groups tend to be concentrated in industries with a slower and more fundamental innovation cycle and …

Persistent link: https://www.econbiz.de/10012463346

Science and the Market for Technology

Arora, Ashish; Belenzon, Sharon; Suh, Jungkyu - National Bureau of Economic Research - 2021

Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from...

Persistent link: https://www.econbiz.de/10012496087

Some Simple Economics of Crowdfunding

Agrawal, Ajay K. - 2013

may affect social welfare and the rate and direction of innovation …

Persistent link: https://www.econbiz.de/10012459529

Recruiting for Ideas : How Firms Exploit the Prior Inventions of New Hires

Singh, Jasjit - 2010

When firms recruit inventors, they acquire not only the use of their skills but also enhanced access to their stock of ideas. But do hiring firms actually increase their use of the new recruits' prior inventions? Our estimates suggest they do, quite significantly in fact, by approximately 202%...

Persistent link: https://www.econbiz.de/10012462781

Not Invented Here? Innovation in Company Towns

Agrawal, Ajay K. - 2009

locations. In 12 of these areas, innovation is particularly concentrated in a single, large firm; we refer to such locations as …

Persistent link: https://www.econbiz.de/10012463212

The Changing Structure of American Innovation : Some Cautionary Remarks for Economic Growth

Arora, Ashish - 2019

major changes in the American innovation ecosystem over the past century. The past three decades have been marked by a …

Persistent link: https://www.econbiz.de/10012479842

Restructuring Research : Communication Costs and the Democratization of University Innovation

Agrawal, Ajay K. - 2006

-tier universities in the national innovation system as producers of new, high-quality knowledge …

Persistent link: https://www.econbiz.de/10012465847

First-mover Advantage and the Private Value of Public Science

Arora, Ashish; Belenzon, Sharon; Dionisi, Bernardo - National Bureau of Economic Research - 2021

Technical progress increasingly relies on the use of scientific knowledge. But if much of this knowledge is in the public domain, can it be a source of private value? We find that average private returns to using public science are small, especially in crowded technical fields, consistent with...

Persistent link: https://www.econbiz.de/10012496086

Killing the Golden Goose? The Decline of Science in Corporate R&D

Arora, Ashish - 2015

Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

Persistent link: https://www.econbiz.de/10012457764

Why are Some Regions More Innovative than Others? The Role of Firm Size Diversity

Agrawal, Ajay K. - 2012

interplay of these two localized externalities and their impact on regional innovation. We examine MSA-level patent data during … the period 1975-2000 and find that innovation output is higher where large and small labs coexist. The finding is robust …

Persistent link: https://www.econbiz.de/10012460865