that as firms gain market share, they increasingly rely on nonproductive strategies but reduce their productive, innovation …

We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on … patents issued to US firms in the 1926 to 2010 period, combined with the stock market response to news about patents. Our … patentlevel estimates of private economic value are positively related to the scientific value of these patents, as measured by …

Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their … confirm using a regression discontinuity design. We build a firm dynamics model, where we allow firms to invest in innovation …

We study the relationship between patents and actual product innovation in the market, and how this relationship varies … patents differently from followers. Market leaders have lower product innovation rates, though they rely on patents more …. Patents of market leaders relate to higher future sales above and beyond their effect on product innovation, and these patents …

How do political connections affect firm dynamics, innovation, and creative destruction? We extend a Schumpeterian … how political connections influence an economy's business dynamism and innovation, and generate a number of implications …

classes across all sectors and all EU Member States, we identify different innovation profiles based on a firm's R …&D investment and/or innovation activities. We find that "basic" firms - i.e. firms that do not engage in any type of R&D or … innovation - are more common among young SMEs, while innovators - i.e. firms that do R&D and introduce new products, processes or …

Governments regularly subsidize new ventures to spur innovation. This paper conducts the first large-sample, quasi …

We study the predictive power of patents on the long-run performance of venture capital (VC)-backed initial public … without patents perform similarly to non-VC-backed IPOs. We also report that VC-backed IPOs from 1981-1998 outperformed other … patents, those with patents also outperform those without patents …

We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to … examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U … quality, follow-on innovation. Winning a first patent boosts a startup’s subsequent growth and innovation by facilitating …