’s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … linkages between the firm’s R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech …

innovation significantly raise investment rates and productivity while reductions in startup costs have little effect …This paper estimates a dynamic structural model of discrete R&D investment and quantifies its cost and long-run benefit … expected firm value generated by the R&D investment. It increases firm value by 6.7 percent for the median firm in high …

innovation significantly raise investment rates and productivity while reductions in startup costs have little effect …This paper estimates a dynamic structural model of discrete R&D investment and quantifies its cost and long-run benefit … expected firm value generated by the R&D investment. It increases firm value by 6.7 percent for the median firm in high …

’s decision to invest in R&D and quantify the cost and longrun benefit of this investment. The model incorporates and quantifies … linkages between the firm’s R&D investment, product and process innovations, and future productivity and profits. The dynamic …&D investment. For the median productivity firm, investment in R&D raises firm value by 3.0 percent in a group of hightech …

This paper explores the role of R&D worker mobility on innovation performance. As one main novelty, we employ churning … innovation through inter-firm knowledge spillovers and improved job-match quality up to certain threshold. The point when costs … of churning exceed the benefits is reached faster if the R&D knowledge is non-duplicative. -- innovation ; churning …