Showing 1 - 10 of 1,678
We examine the effect of technology spillovers on the duration of executive compensation contracts. We find that in the presence of greater technology spillovers, firms tend to grant longer duration compensation contracts to their executives. This finding is consistent with theoretical...
Persistent link: https://www.econbiz.de/10013323942
In this paper it is tested which of the various alternative approaches for constructing knowledge spillover pools suggested in existing literature measures the extent to which a firm can costlessly receive external knowlegde best. Since knowledge spillovers are unmeasurable, a 'goodness of fit'...
Persistent link: https://www.econbiz.de/10011443497
This paper examines the effect of foreign direct investment (FDI) on domestic innovation based on a data set covering the pharmaceutical industries across 29 provinces in the People's Republic of China (PRC) over the period 1998-2007. We show that there is a negative horizontal spillover effect...
Persistent link: https://www.econbiz.de/10011723712
data from 1995 to 2000, we find positive effects of FDI on the number of domestic patent applications in China. This … types of patent applications (invention, utility model, and external design). The spillover effect is the strongest for … minor innovation such as external design patent, highlighting a "demonstration effect" of FDI …
Persistent link: https://www.econbiz.de/10014075610
data from 1995 to 2000, we find positive effects of FDI on the number of domestic patent applications in China. This … types of patent applications (invention, utility model, and external design). The spillover effect is the strongest for … minor innovation such as external design patent, highlighting a "demonstration effect" of FDI …
Persistent link: https://www.econbiz.de/10014078595
This paper revisits the results of Bloom, Schankerman, and Van Reenen (2013) on the impact of R&D spillovers on growth. We extend their analysis to include an additional 15 years of data on firm R&D and performance, and update the measures of firms' interactions in technology space and product...
Persistent link: https://www.econbiz.de/10012951906
In the presence of potential technology spillovers, I demonstrate that a firm's absorptive capacity (AC), as proxied by R&D investments, is crucial to benefit from spillovers. I find that higher AC firms, when exposed to large potential spillovers, exhibit stronger future real outcomes...
Persistent link: https://www.econbiz.de/10012973760
Technology spillovers across firms affect corporate innovation, productivity, and value, according to prior research, so information about technology spillovers should matter to investors. We argue that technology spillovers increase the complexity and uncertainty of value relevant information...
Persistent link: https://www.econbiz.de/10012853163
This paper analyzes the role of absorptive capacity in R&D spillovers through strategic R&D investments in a game-theoretic framework. In the model, a firm's effective R&D is composed of idiosyncratic R&D, which produces its own innovations, and identical R&D, which improves absorptive capacity....
Persistent link: https://www.econbiz.de/10012987514
This paper analyzes the role of absorptive capacity in R&D spillovers through strategic R&D investments in a game-theoretic framework. In the model, a firm's effective R&D is composed of idiosyncratic R&D, which produces its own innovations, and identical R&D, which improves absorptive capacity....
Persistent link: https://www.econbiz.de/10011764985