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Brown, James R.; Martinsson, Gustav; Petersen, Bruce C. - Centre of Excellence for Science and Innovation … - 2015

We study a broad sample of firms across 32 countries and find that strong shareholder protections and better access to stock market financing lead to substantially higher long-run rates of R&D investment, particularly in small firms, but are unimportant for fixed capital investment. Credit...

Persistent link: https://www.econbiz.de/10011124341

Internal Finance and Patents - evidence from firm-level data

Martinsson, Gustav; Lööf, Hans - Centre of Excellence for Science and Innovation … - 2009

We find that internal finance resources at the firm-level, measured by cash flow, play a non-trivial role for the number of patent applications, even after controlling for the standard variables of a patent study. The results are based on estimating panel count-data models on a sample of 2,700...

Persistent link: https://www.econbiz.de/10008546345

Impact of Economic Crises on Innovation Activity: Firm Level Evidence from Patent Data

Martinsson, Gustav; Lööf, Hans - Centre of Excellence for Science and Innovation … - 2009

Based on data from of 2,700 Swedish manufacturing firms, observed through the period 1997-2005, this paper shows that internal finance resources, measured by cash-flow, affect the propensity to apply for a patent as well as the number of patent applications. From a business cycle perspective,...

Persistent link: https://www.econbiz.de/10008506820

Firm Collateral and the Cyclicality of Knowledge Intensity

Martinsson, Gustav - Centre of Excellence for Science and Innovation … - 2008

asymmetries. In this paper I view knowledge within a firm as a prerequisite for it to be innovative. Combining financial frictions … and firm knowledge intensity the overall hypothesis of this paper is: Firms which have collateral can retain its knowledge … this paper I explore the impact of firm collateral on the cyclicality of knowledge intensity. This is conducted through …

Persistent link: https://www.econbiz.de/10005644894