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Most of the existing empirical literature on the relationship of firm value and knowledge capital is based on the stock market valuation of companies. However, the assets of many firms are not publicly traded, and hence the calculation of market value is limited to a subsample of firms. We...
Persistent link: https://www.econbiz.de/10010297699
Patents are widely used in the literature as a measure of firm-level innovation. It is regarded that patents improve a …
Persistent link: https://www.econbiz.de/10012298161
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10010303754
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10010325997
Demsetz and Lehn (1985), Morck, Shleifer, and Vishny (1988), and McConnell and Servaes (1990) report different empirical findings regarding ownership structure and corporate profitability. In this paper, we re-estimate the relation between management ownership and firm's value after controlling...
Persistent link: https://www.econbiz.de/10010332313
This paper studies the value of firms and their hiring and firing decisions in an environment where the productivity of the workers depends on how well they match with their co-workers and the firm acts as a coordinating device. Match quality derives from a production technology whereby workers...
Persistent link: https://www.econbiz.de/10010283961
I analyse how patent litigation outcome in Germany affects the performance of the disputing firms by interpreting … the functioning of the bifurcated German patent litigation system: The separation of litigation and invalidity decisions …, resulting in invalidity decisions taking much longer than decisions on infringement, provides patent holders with a window of …
Persistent link: https://www.econbiz.de/10010311777
This paper empirically analyzes how markets value personal data related innovation in four prominent domains, in which … artificial intelligence. We link the innovation economics literature to psychology-grounded financial economics theories of … innovation were particularly significant for data giants holding knowledge stocks in the location-based service domain. Our …
Persistent link: https://www.econbiz.de/10012037612
look at the development that has taken place in other jurisdictions and adapt the patent law to local conditions when …
Persistent link: https://www.econbiz.de/10014374718
mechanisms for medium inventions, and patent their most important innovations. This result reestablishes the traditional view …
Persistent link: https://www.econbiz.de/10010294701