firm innovation. We find that PFL policies increase the innovation outputs of firms whose employees are more exposed to … choices is the main channel through which PFLs affect firm innovation …

The recent surge of patent disputes plays an important role in discouraging firms from entering new technology domains … at EPO between 2000 and 2015, we construct a new measure of litigiousness using patent opposition data. We find that the … degree of litigiousness and the density of patent thickets negatively affect the likelihood of firms entering new TDs. Across …

Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating … innovation. Consistent with the monitoring view, we further find that (1) the effect of institutional investors on firm patenting … robust when innovation quality is examined. …

otherwise visible to society. We develop a structural model of initial and follow-on innovation to determine the effects of such … a shift in disclosure on overall welfare in industries characterized by cumulative innovation. We find that while … significant decline in follow-on innovation. …

Firms in younger labor markets produce more innovation. We establish this by instrumenting the current labor force with … unobservable heterogeneity across local labor markets and firms, life cycles, and other effects. Corporate innovation in younger … as a group – inventors interacting with non-inventors – produce more innovation for firms through the labor supply …

performance to examine the influences on reputation for technological innovation. Using patent, financial and consumer data our …Firms strategically promote, foster and pursue a reputation for technological innovation. Yet, present research did not … (citation intensity) is linked to reputation for technological innovation. Counter-intuitively, our results provide evidence …

Innovation and export decisions are closely interlinked. Both activities contribute to firm performance in various ways …: exporting provides a wider market to sell products, while innovation provides new and better products to supply those markets … and/or more efficient ways to reduce costs. The connection of innovation and exporting is of major interest to developing …

We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the … patent universe in its technological and economic variety. We introduce a novel instrumental variable for patent invalidation … that exploits personnel scarcity in post-grant opposition at the European Patent Office. We find that patent invalidation …

relatively low innovation score, a feature reversing the trend observed in most European Union countries. Three empirical … scenarios, one for each innovation output, are defined and analyzed following a random-effects probit panel model separately …

Aghion, Van Reenen and Zingales (2013) find that institutional ownership causes an increase in innovation as measured … by citation-weighted patent counts. To identify a causal effect, they use membership in the S&P 500 as an instrument for … ownership and innovation is robust in 22% of robustness checks. On average, 2nd stage z-scores were just 42.7% of the original …