I estimate the impact of venture capital (VC) on knowledge diffusion by comparing patent citations before and after companies secure VC. I find that a patent's citations increase following VC financing, particularly those made by other companies also financed by the same VC investor....

This paper analyzes the role of absorptive capacity in R&D spillovers through strategic R&D investments in a game-theoretic framework. In the model, a firm's effective R&D is composed of idiosyncratic R&D, which produces its own innovations, and identical R&D, which improves absorptive capacity....

Multinational corporations (MNC) search increasingly for lead market knowledge and technological expertise around the globe. We investigate whether their subsidiaries gain access to these valuable sources of host country knowledge to the same degree as domestic rivals. We develop a theoretical...

Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company possibly benefits from incoming information on successful Ramp;D conducted by other companies, a generally high probability of leakage of knowledge in an industry will negatively...

Formal university technology transfer mechanisms, through licensing agreements, research joint ventures, and university-based startups, have attracted considerable attention in the academic literature. Surprisingly, there has been little systematic empirical analysis of the propensity of...

This paper reviews the literature on benefits and (potential) problems from university patenting and licensing activity, based on 109 papers published between 1980 to 2004. Reasons for university patenting activities include positive influence on researchers' careers, prestige and earnings;...

The innovation activities of foreign subsidiaries have been identified as an important source of competitive advantage for multinational corporations. The success of these engagements depends heavily on tapping host country pools of localized expertise. To achieve this foreign subsidiaries have...

Knowledge integration, which facilitates interactions between R&D and other functions within a firm value chain, and patenting are both reckoned to increase the returns to R&D and firm performance. However, the combined effect of a joint use is in many ways ambiguous since those strategies...

We examine antecedents of knowledge recombination and technological breakthroughs. Conceptualizing exploration as a combinatory search of prior new-recombination (an original technology component), we juxtapose contrasting effects of the boundary in which firms search for prior new-recombination...

Social network ties enable collaborative creation and sharing of ideas between knowledge workers. Thus, these ties play an important role in organizational innovation as well as for the personal success of the innovators. However, scholars tend to focus only on the information benefits,...