Showing 1 - 10 of 118
We study favoritism via hometown ties, a common source of favor exchange in China, in fellow selection of the Chinese Academies of Sciences and Engineering. Hometown ties to fellow selection committee members increase candidates' election probability by 39 percent, coming entirely from the...
Persistent link: https://www.econbiz.de/10012963711
We develop a theory of optimal financing for R&D-intensive firms that uses their unique features—large capital outlays, long gestation periods, high upside, and low probabilities of R&D success—that explains three prominent stylized facts about these firms: their relatively low use of debt,...
Persistent link: https://www.econbiz.de/10012947632
of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence … from various industries, products, and firms showing that research effort is rising substantially while research … increases in research effort that offset its declining productivity …
Persistent link: https://www.econbiz.de/10012948079
Research Joint Ventures (RJVs) are projects that combine the research resources of different firms. A sample of RJVs … competition. Partner firms undertake joint research, but if they commercialize at all, they do so separately, to avoid splitting …
Persistent link: https://www.econbiz.de/10012948917
The U.S. business sector has under-invested relative to Tobin's Q since the early 2000's. We argue that declining competition is partly responsible for this phenomenon. We use a combination of natural experiments and instrumental variables to establish a causal relationship between competition...
Persistent link: https://www.econbiz.de/10012951875
This paper develops a theory of promotion based on evaluations by the already promoted. The already promoted show some favoritism toward candidates for promotion with similar beliefs, just as beetles are more prone to eat the eggs of other species. With such egg-eating bias, false beliefs may...
Persistent link: https://www.econbiz.de/10012953979
Are scientific knowledge flows embodied in individuals, or "in the air"? To answer this question, we measure the effect of labor mobility in a sample of 9,483 elite academic life scientists on the citation trajectories associated with individual articles (resp. patents) published (resp. granted)...
Persistent link: https://www.econbiz.de/10013038334
contrast the two sectors along four key dimensions: (1) the nature of research (e.g., basic versus applied); (2) organizational … academic institutions and private firms. Building on prior work that has emphasized different "research missions", we also … examine how the nature of research is related to other characteristics of science within and across the two sectors …
Persistent link: https://www.econbiz.de/10013038758
share research results. We distinguish between two types of sharing, specific sharing in which a researcher shares her data … conference presentations). We present two simple games in which scientists research a problem of scientific merit (with an … associated prize of academic and/or commercial value). In both cases, the scientists have intermediate research results but none …
Persistent link: https://www.econbiz.de/10013039342
The growing peer effects literature pays particular attention to the role of stars. We decompose the causal effect of hiring a star in terms of the productivity impact on: 1) co-located incumbents and 2) new recruits. Using longitudinal university department-level data we report that hiring a...
Persistent link: https://www.econbiz.de/10012904956