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We provide evidence that young firms systematically differ from older firms in their innovative output when they enter ‘new to the firm' technological niches. We analyze data from 128 biotechnology firms since their inception and track these firms over time. Our analyses reveal that the...
Persistent link: https://www.econbiz.de/10013094656
This paper shows that inventors with an early patenting success have a higher inventive productivity during their remaining career. We use European patent data for a period of 32 years for 1240 German inventors. The patent data are linked with survey data that provide information on an extensive...
Persistent link: https://www.econbiz.de/10013228393
This paper shows that inventors with an early patenting success have a higher inventive productivity during their remaining career. We use European patent data for a period of 32 years for 1240 German inventors. The patent data are linked with survey data that provide information on an extensive...
Persistent link: https://www.econbiz.de/10012510353
innovation inputs and outputs. We show that top management quality is an important determinant of corporate innovation, with … different individual aspects of management quality affecting innovation in younger and older firms differently. Further, firms … with higher top management quality engage in more risky (“explorative”) innovation strategies. Finally, hiring more and …
Persistent link: https://www.econbiz.de/10012936994
experience significantly better innovation outcomes, as measured by patents and future citations. We obtain these results in … CEOs on future innovation: firms whose CEO transitions to be an inventor experience positive abnormal stock returns …
Persistent link: https://www.econbiz.de/10012895725
Is there knowledge adoption of innovations from emerging economies? We theorize that, to help overcome information asymmetry across countries, granting patents to technology in the emerging economy of China can serve as a signal of technology potential and market opportunity to enhance...
Persistent link: https://www.econbiz.de/10012868703
Open innovation is the subject of increased scholarly debate. A lot of attention has thereby been paid to firm …-centered open innovation, characterized by a for-profit motive and the interplay between patents and contracts, resulting in … communities the present paper examines how the law can assist in establishing a new approach to open innovation (‘new' open …
Persistent link: https://www.econbiz.de/10013010074
In this study, we empirically assess the contributions of inventors and firms for innovation using a 37-year panel of U …
Persistent link: https://www.econbiz.de/10012853290
Until the twenty one century, innovation and ideas have been a valuable asset to accelerate the process of … technological catch-up, sustain productivity growth and competitiveness. To determine where innovation is standing up, countries and … organizations need to adapt innovation capacity to overcome their economies' defeats for the purpose of boosting the growth and …
Persistent link: https://www.econbiz.de/10012991702
Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating … innovation. Consistent with the monitoring view, we further find that (1) the effect of institutional investors on firm patenting … robust when innovation quality is examined. …
Persistent link: https://www.econbiz.de/10011591957