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We propose a new approach to measuring the effect of unobservable private information or beliefs on volatility. Using high-frequency intraday data, we estimate the volatility effect of a well identified shock on the volatility of the stock returns of large European banks as a function of the...
Persistent link: https://www.econbiz.de/10003435444
We study the role of privacy in the market for mobile applications. For such programs used with smartphones and tablet PCs a very important market has emerged. Yet, neither the role of privacy on that market is well understood, nor do we have empirical evidence regarding its role therein. We...
Persistent link: https://www.econbiz.de/10010468420
We study tax compliance in Slovenia using data generated in a field experiment. Small accounting companies were randomly assigned to an untreated control group and two treatment groups. Companies in the first treatment group received a letter that highlighted the importance of paying taxes and...
Persistent link: https://www.econbiz.de/10010511264
within a company group. However, the previous literature has rather focused on studying the impact of taxation on patent … employ data on European and US patent and trademark applications in the period of 1996-2012 and estimate a multinomial logit …
Persistent link: https://www.econbiz.de/10011433505
for a target increases with the patent stock, the relatedness, the value and the blocking potential of the target …'s patents, especially if blocking patents are in technology fields related to the acquiring firm's patent portfolio. Our results …
Persistent link: https://www.econbiz.de/10003728399
or output of a knowledge production function. We suggest that the productivity of research in patent production functions … to patentable knowledge, and development happens after the initial research phase that may have led to a patent. Instead …
Persistent link: https://www.econbiz.de/10003728577
model provides an argument that shorter product cycles can induce firms to file more patent applications. The firms may be … trapped in a prisoners' dilemma where all firms would jointly prefer to patent less and to not have a patent thicket. If firms … successful, this may create a patent thicket. The transition into a situation where firms start patenting many ideas instead of …
Persistent link: https://www.econbiz.de/10003784604
innovative performance also depends on the size of a firm's patent portfolio, which suggests an important strategic role for …
Persistent link: https://www.econbiz.de/10003784653
Theoretical considerations suggest that secrecy reduces spillovers almost completely through non-disclosure, while the disclosure requirement of patents generates some spillover and at the same time allows firms to appropriate knowledge. In this paper we empirically analyze whether protection by...
Persistent link: https://www.econbiz.de/10003356987
We estimate the determinants of various types of product innovation. Knowledge spillovers from rivals have a positive impact on incremental innovations. This impact is largely independent of the participation in R&D cooperations. Spillovers exert no such independent influence on drastic...
Persistent link: https://www.econbiz.de/10003319674