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innovation in firms. However, inventions from universities and public research institutes substitute for corporate inventions and …
Persistent link: https://www.econbiz.de/10014437030
), especially in innovation based industries. Striving for a cash-out makes mistakes more likely and increases the probability of …
Persistent link: https://www.econbiz.de/10008624629
Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations. More specifically, we compare decentralization--where the business unit using...
Persistent link: https://www.econbiz.de/10010950703
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
.S. manufacturing sector, we estimate the increment to the value of an innovation realized by patenting it, and then analyze the effect …
Persistent link: https://www.econbiz.de/10005055430
This paper documents a shift in the nature of innovation in the information technology (IT) industry. Using … comprehensive data on all IT patents granted by the USPTO from 1980-2002, we find strong evidence of a change in IT innovation that … is systematic, substantial, and increasingly dependent on software. This change in the nature of IT innovation has had …
Persistent link: https://www.econbiz.de/10008624577
We study the relationship between decentralization of R&D, innovation and firm performance using a novel dataset on the …
Persistent link: https://www.econbiz.de/10009021944
Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …
Persistent link: https://www.econbiz.de/10011159880