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standard measures of patent quality, we find that patents granted to firms involved in private equity transactions are more …
Persistent link: https://www.econbiz.de/10012464024
We present several empirical facts about trends in marketing investment in the US. We also present estimates of the …
Persistent link: https://www.econbiz.de/10013334364
We study how the social transmission of public news influences investors' beliefs and securities markets. Using an extensive dataset to measure investor social networks, we find that earnings announcements from firms in higher-centrality locations generate stronger immediate price and trading...
Persistent link: https://www.econbiz.de/10013537754
investment decisions to justify, and capitalize on, these manipulations. We construct a measure of the sensitivity of reported … motivations influences significant managerial investment decisions …
Persistent link: https://www.econbiz.de/10012468150
briefly presented. Then the empirical literature that relates Tobin's q or the market to book value ratio to R&D and patent … value of the modern manufacturing corporation is strongly related to its knowledge assets, and that patent measures contain …
Persistent link: https://www.econbiz.de/10012471824
presents estimates of the effect of patent protection on the depreciation rate. Results suggest that the yearly depreciation … averaging 8-9 per cent. Patent protection slows down the erosion of profits by about 1-2 percentage points …
Persistent link: https://www.econbiz.de/10012455608
This paper examines the empirical anomaly that in a sample of 5811 patents on which US faculty are listed as inventors …, 26% of the patents are assigned solely to firms rather than to the faculty member's university as is dictated by US … function of patent characteristics, university policy, and inventor fields in order to examine the extent to which outside …
Persistent link: https://www.econbiz.de/10012465396
In this article we develop a model to analyze patent-protected R&D investment projects when there is (imperfect …. These benefits to society are countered by increased total investment costs in R&D and lower aggregate value of the R …&D investment projects …
Persistent link: https://www.econbiz.de/10012468435
In recent years, US investment has been lackluster, despite rising valuations. Key explanations include growing rents … -- reflected in average Q -- and investment -- reflected in marginal q -- can be decomposed into three terms: the value of …
Persistent link: https://www.econbiz.de/10012599278
, collectively known as "intangible capital" can explain much of the weakness in physical capital investment since 2000. Moreover … some also have legal protections (e.g., patents or copyrights). These characteristics may have enabled the rise in industry …
Persistent link: https://www.econbiz.de/10012479818