Showing 1 - 10 of 24
We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the importance of mega firms in novel patents had been...
Persistent link: https://www.econbiz.de/10014322847
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder … innovation by making firms reluctant to invest in R&D. A common way that firms limit workers' mobility is with noncompete … agreements (NCAs). We examine how the legal enforceability of NCAs affects innovation, as measured by patenting, using data on …
Persistent link: https://www.econbiz.de/10014322874
This paper studies how innovative firms manage their innovation portfolios after filing for Chapter 11 reorganization …
Persistent link: https://www.econbiz.de/10012533405
This paper contributes to the literature on innovation policies and institutional theory on conditions for effective … yield broader implications for organization and innovation …
Persistent link: https://www.econbiz.de/10014247942
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
(process) R&D and quality (efficiency), and find strong evidence that process innovation is related to higher efficiency, while … product innovation is associated with higher product quality. We discuss the welfare implications of these two distinct … innovation activities …
Persistent link: https://www.econbiz.de/10014226147
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
anecdotal. This paper provides direct quantitative evidence showing that how innovation and design work was done changed … fundamentally during the Industrial Revolution. This change was characterized by the professionalization of innovation and design …
Persistent link: https://www.econbiz.de/10012938720
Using data from a prominent online platform for launching new digital products, we document that the composition of the platform's 'beta testers' on the day a new product is launched has a systematic and persistent impact on the venture's success. Specifically, we use word embedding methods to...
Persistent link: https://www.econbiz.de/10012585366