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This paper investigates the relationship between the innovative activity of the top corporate R&D investors worldwide and their valuation on the financial markets. The empirical analysis is based on a sample of more than 1,500 top publicly listed Multinational Corporations (MNCs) performing a...
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framework. -- filing fees ; imitation ; innovation ; probabilistic patent rights ; R&D ; simultaneous innovation ; trade secrets … results on the relation between patenting and innovation size are then confronted with survey data for small European firms …. Using a binary size measure, we find strong support for the traditional view that firms patent their most important …
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