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between imitation and innovation. Using US patent data for the period 1977-2005, we find that there are inverted U …-shaped relationships between the degree of industry-level technological imitation and industry-level innovation activities and between the … degree of industry-level technological imitation and the value of firm-level innovation. Our results suggest that positive …
Persistent link: https://www.econbiz.de/10012902478
This paper examines the relationship between CEOs’ individualistic cultural background and corporate innovation among … born in frontier counties with a higher level of individualistic culture promote innovation performance. Firms led by such … CEOs increase both quantity and quality of innovation outputs, measured by the number of patents, citation-weighted patents …
Persistent link: https://www.econbiz.de/10013321952
analysis to discover the specific intangible drivers of innovation performance for developed and developing countries. The … relationship with product innovations. The influence of human capital on innovation performance was justified using fixed effect …
Persistent link: https://www.econbiz.de/10014163854
This paper empirically addresses the questions of whether and, if yes, how U.S. bankers are compensated in particular with regard to incentive pay. Although the level of bank CEO pay has dropped during the financial crisis period, bank CEOs fared much better in comparison to their firms (and, in...
Persistent link: https://www.econbiz.de/10013064637
Between 2007 and 2016, 7.6% of publicly listed U.S. firms disclosed that their CEOs had pledged company stock as collateral for a loan. On average, CEOs pledge 38% of their shares. The mean loan value is an economically sizeable $65 million. CEOs use the funds to either double down (6.0%), hedge...
Persistent link: https://www.econbiz.de/10012134769
This study investigates the relationship between product market competition and the market value of innovation using … between competition and the value of innovation. Furthermore, we show that there is an "asymmetric" causal effect of … intensifying product market competition on the market value of innovation, using a quasi-natural experiment based on tariff …
Persistent link: https://www.econbiz.de/10012971400
impediment to corporate innovation. By contrast, without technological spillovers, innovation has the effect of stealing market … share from rivals; in that case, more common ownership reduces innovation. Empirically, the association between common … ownership and innovation inputs and outputs decreases with product market proximity and increases with technology proximity. The …
Persistent link: https://www.econbiz.de/10014512046
We provide evidence that over the past 30 years, U.S. firms have expanded their scope of operations. Increases in scope and scale were achieved largely without increasing traditional operating segments. Scope expansion significantly increases valuation and is primarily realized through...
Persistent link: https://www.econbiz.de/10013462720
disaggregates "R" from "D" to study how US firms adjust their innovation investments in response to an external increase in funding …
Persistent link: https://www.econbiz.de/10014337755
Persistent link: https://www.econbiz.de/10009788085