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Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...
Persistent link: https://www.econbiz.de/10013064451
Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this paper, we address this question by investigating how innovation responses to a substantial policy initiative increasing product market competition interact with the strength of...
Persistent link: https://www.econbiz.de/10012459807
This paper shows that political capital is an important determinant of corporate investment and innovation. Using … capital investment and R&D spending. Surprise losses of political capital result in negative announcement returns, reduced …
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Purpose: emerging economies lead advanced economies in world investment but lag advanced economies in innovation. We … emerging economies versus advanced economies and we compare total investment and the innovation-to-maintenance investment ratio … small uninsurable risks to the innovation process the model generates the counterfactual predictions of smaller investment …
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countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …
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