Similar Search Results

Research and/or Development? Financial Frictions and Innovation Investment

Mezzanotti, Filippo; Simcoe, Timothy S. - National Bureau of Economic Research - 2023

disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …

Persistent link: https://www.econbiz.de/10014337755

The Reorganization of Inventive Activity in the United States during the Early Twentieth Century

Lamoreaux, Naomi R. - 2009

The standard view of U.S. technological history is that the locus of invention shifted during the early twentieth century to large firms whose in-house research laboratories were superior sites for advancing the complex technologies of the second industrial revolution. In recent years this view...

Persistent link: https://www.econbiz.de/10012463209

Innovation and Productivity in SMEs : Empirical Evidence for Italy

Hall, Bronwyn H. - 2008

Innovation in SMEs exhibits some peculiar features that most traditional indicators of innovation activity do not … capture. Therefore, in this paper, we develop a structural model of innovation which incorporates information on innovation … process and product innovation. Both these kinds of innovation have a positive impact on firm's productivity, especially …

Persistent link: https://www.econbiz.de/10012464055

R&D and the Incentives from Merger and Acquisition Activity

Phillips, Gordon M. - 2012

. Large firms may find it disadvantageous to engage in an "R&D race" with small firms, as they can obtain access to innovation …

Persistent link: https://www.econbiz.de/10012460314

Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals

Feinberg, Susan - 2002

We study the resource allocation decisions of U.S. multinational corporations (MNCs). We examine how established MNCs grow across countries and how firm-specific resources and host country financial-market development influence MNC growth. We find evidence of intra-firm trade-offs to growth in...

Persistent link: https://www.econbiz.de/10012469457

Investment and Research and Development at the Firm Level : Does the Source of Financing Matter?

Hall, Bronwyn H. - 1992

The elasticity of investment and R&D investment with respect to cash flow is unambiguously positive in a large panel of U.S. manufacturing firms from 1973 to 1987. even with proper controls for permanent differences across firms and for simultaneity. I argue that the evidence favors liquidity...

Persistent link: https://www.econbiz.de/10012474879

Patents, Thickets, and the Financing of Early-Stage Firms : Evidence from the Software Industry

Cockburn, Iain M. - 2007

The impact of stronger intellectual property rights in the software industry is controversial. One means by which patents can affect technical change, industry dynamics, and ultimately welfare, is through their role in stimulating or stifling entry by new ventures. Patents can block entry, or...

Persistent link: https://www.econbiz.de/10012464995

Competition and R&D Financing Decisions : Theory and Evidence from the Biopharmaceutical Industry

Thakor, Richard T. - 2015

How does competition affect innovation and how it is financed in R&D-intensive firms? We study the interaction between …

Persistent link: https://www.econbiz.de/10012457763

Did Bank Distress Stifle Innovation During the Great Depression?

Nanda, Ramana - 2014

We find a negative relationship between bank distress and the level, quality and trajectory of firm-level innovation … distress was associated with the stifling of innovation, our results also help to explain why technological development was …

Persistent link: https://www.econbiz.de/10012458274

Do Tax Credits Affect R&D Expenditures by Small Firms? Evidence from Canada

Agrawal, Ajay - 2014

We exploit a change in eligibility rules for the Canadian Scientific Research and Experimental Development (SRED) tax credit to gain insight on how tax credits impact small-firm R&D expenditures. After a 2004 program change, privately owned firms that became eligible for a 35 percent tax credit...

Persistent link: https://www.econbiz.de/10012458050