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This paper examines the impact of the conglomerate form on the scale and novelty of corporate Research and Development (R&D) activity. I exploit a quasi-experiment involving failed mergers to generate exogenous variation in acquisition outcomes of target firms. A difference-in-differences...
Persistent link: https://www.econbiz.de/10010737667
Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …
Persistent link: https://www.econbiz.de/10010699287
process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … innovation. This notsignificant effect of product innovation contrasts with evidence of studies for other countries. However, the …
Persistent link: https://www.econbiz.de/10010246567
Persistent link: https://www.econbiz.de/10003360500
Persistent link: https://www.econbiz.de/10001833554
Persistent link: https://www.econbiz.de/10001547066
process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … innovation. This notsignificant effect of product innovation contrasts with evidence of studies for other countries. However, the …
Persistent link: https://www.econbiz.de/10013068168
Persistent link: https://www.econbiz.de/10012200196
process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence … suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process … innovation. This not significant effect of product innovation contrasts with evidence of studies for other countries. However …
Persistent link: https://www.econbiz.de/10010943775
Persistent link: https://www.econbiz.de/10004726606