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This paper studies the dynamic relationship between input and output of innovation in Dutch manufacturing using an … unbalanced panel of enterprise data from five waves of the Community Innovation Survey during 1994-2004. We estimate by maximum … persistence of innovation input and innovation output, a lag effect of the former on the latter and a feedback effect of the …
Persistent link: https://www.econbiz.de/10013157844
This paper examines the effects of public subsidies across several dimensions of innovation and the implications for … productivity. As an identification strategy, panel data is used to estimate a structural innovation model that controls for … despite promoting indigenous innovation in the higher technology industries. Policymakers may tolerate lower average efficiency …
Persistent link: https://www.econbiz.de/10012833211
This paper investigates the relationship between CEO age and firm innovation measured as innovation productivity (i ….e., the number of patent applications) and innovation scope (i.e., technological proximity). Using a sample of 11,194 firm …-year observations from the Korean stock markets for the sample period of 2002−2016, we document that a firm's innovation productivity or …
Persistent link: https://www.econbiz.de/10012837664
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012841137
on the question of the existence of complementarity or complementarity between innovation knowledge sources in small … sources on business performance through the different links in the innovation value chain.This study uses 138 responses from … small South African firms as contained in the Community Innovation Surveys styled fifth national South African innovation …
Persistent link: https://www.econbiz.de/10012842545
.g., innovation. Quantifying R&D spillover effects requires a spatial matrix that characterises the interaction structure between … independence and conditional strong-mixing assumptions on the outcome variable. On firm innovation, I find positive spillover and …
Persistent link: https://www.econbiz.de/10012843116
We examine the stock returns implications of the corporate defined benefit pension plans in R&D portfolio specifications. Pensions are one of the most significant off-balance-sheet items and liabilities arising from pensions are extensive. In our sample, firms with pension plans are 38% more...
Persistent link: https://www.econbiz.de/10012844343
innovation. We utilize data on U.S. patents and their inventors linked to Finnish employer-employee data to estimate the effect …
Persistent link: https://www.econbiz.de/10012722689
The technological innovation of export firms is essential for their economic survival in the competitive environment of … enhanced the technological innovation of export manufacturing enterprises. By using Korea Innovation Survey 2014 (KIS) data … impact on product and process innovation performance. The results suggest that government assistance is effective for the …
Persistent link: https://www.econbiz.de/10012956972
Persistent link: https://www.econbiz.de/10012961583