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Despite the widespread use of economic information to anticipate changes in business conditions, innovation metrics are not considered to be leading indicators. We argue that aggregate trademark data reflect firm-level choices that can help predict business cycles. In addition to establishing...
Persistent link: https://www.econbiz.de/10012865996
The global economic crisis of 2008/2009 hit many firms hard. Faced with rapidly declining sales and highly uncertain economic prospects, firms had to cut costs and reconsider their business strategies. With respect to innovation, cost cutting often means to stop or underresource innovation...
Persistent link: https://www.econbiz.de/10013022482
Objective: The aim of the article is to analyse the differentiation in the innovation strategies of the manufacturing companies during economic expansions and slowdowns. Research Design & Methods: The random-effect logistic regression models were used to examine the differentiation of a firm’s...
Persistent link: https://www.econbiz.de/10012518154
This paper investigates the cyclicality of time allocated towards research and development (R&D) activities. First, using longitudinal micro-data from 2000-2013, I find that time allocated towards research activities is highly procyclical among private sector employees, but countercyclical among...
Persistent link: https://www.econbiz.de/10014117816
Climate change is seen as the most pressing environmental problem of our time by many companies, policymakers and other stakeholders. It is currently also at the forefront of attention in view of attempts to conclude a successor to the Kyoto Protocol that expires in 2012. In bail-out plans and...
Persistent link: https://www.econbiz.de/10014046388
By comparing patenting among VC-backed firms to the universe of patents filed in the USPTO over the period 1976 …-2019, we document that while patents filed by VC backed firms are of significantly higher quality and economic importance than … the average patent, VC-backed innovation is substantially more procyclical than the broader economy. This is driven early …
Persistent link: https://www.econbiz.de/10012243593
in exploratory search suffer less during high-ERP episodes than those focusing on exploitative search, and patents … causal link between the ERP and patent value …
Persistent link: https://www.econbiz.de/10014354943
We use a French firm-level panel data set over the period 1993-2004 to analyze the relationship between credit constraints and firms' R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical...
Persistent link: https://www.econbiz.de/10013137947
This paper investigates to what extent the R&D behavior of manufacturing companies was influenced by the 2008/09 crisis. Based on a broad official data set for German manufacturing companies, only a few companies that engaged in R&D during 2008 gave it up in the following year. Some companies...
Persistent link: https://www.econbiz.de/10010238833
Inasmuch as the U.S. economy has been very slow in recovery from deep recession with unemployment hovering around 9 per cent due to the non-keynesian approach of the U.S. administration which has overemphasised on recruitment of high-skilled-cum-aged labour (forming the minority) at the expense...
Persistent link: https://www.econbiz.de/10013108214