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As patent data become more available in machine-readable form, an increasing number of researchers have begun to use measures based on patents and their citations as indicators of technological output and information flow. This paper explores the economic meaning of these citation-based patent...
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This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation is briefly presented. Then the empirical literature...
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contributes to innovation in source countries. We use changes in the labour mobility legislation within Europe as exogenous …
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'relevant' firms. Our empirical results indeed show that the measure performs better than the standard measure in an innovation … and significant impact on innovation success. However, the knowledge spillovers appear to be localized: Spillovers from … particularly Switzerland itself. Moreover, the spillover effect on innovation performance decreases with increasing number of …
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