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Hidden Champions (HCs) are small- and medium-sized global market leaders that repeatedly show superior innovation … transformation than non-HCs firms. To test this hypothesis, I use data from the Mannheim Innovation Panel. This allows me to identify …
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We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance based on patent abstracts and classify patent ownership using a comprehensive business registry. We highlight four insights. First, average patent importance declined from...
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Obtaining indicators on innovation activities of firms has been a challenge in economic research for a long time. The … throughputs in the innovation process. Output measurement of innovation has strongly been relying on survey data such as the … Community Innovation Survey (CIS), but suffers from several short-comings typical to sample surveys, including incomplete …
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This paper estimates the effect of heterogeneous university funding stemming from the German Excellence Initiative on a regional firm’s probability to innovate by using a multi-valued two-way fixed effects difference-in-differences model. The estimations show that funding an additional...
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