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Investigates the stock market valuation of the research anddevelopment (R&D) and intellectual property (IP) activities of quotedcompanies in the United Kingdom. Unlike previous studies, this analysisconsiders the extent to which the stock market's valuation of firm-levelinnovation varies across...
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We use an innovative methodology to measure management practices in over 300 manufacturing firms in the UK. We then match this management data to production and energy usage information for establishments owned by these firms. We find that establishments in better managed firms are significantly...
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This paper investigates the relationship between product market competition and innovation. It uses the radical policy … competition and patenting. It then develops an endogenousm growth model with step-by-step innovation that can deliver this … inverted-U pattern.In this model, competition has an ambiguous effect on innovation. On the one hand, it discourages laggard …
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