This paper explores whether and how governmental venture capital investors (GVCs) spur invention and innovation in young biotech companies in Europe. To gauge invention we focus on the simple patent stock at the company level, while innovation is proxied by the citation-weighted patent stock....

This paper investigates how the strength and intrinsic characteristics of firms’ knowledge bases and processing routines have evolved with the past inflow of employees. The empirical analysis is based on linked public register and innovation survey data for Norway. It finds that recruitment...

International knowledge spillovers, especially through multinational companies (MNCs), have recently been a major topic of academic and management debate. However, most studies treat MNC subsidiaries as relatively passive actors. We challenge this assumption by investigating the drivers of...

We investigate how R&D spillovers propagate across firms linked through Research Joint Ventures (RJVs). Building on the framework developed by Bloom et al. (2013) which considers the opposing effects of knowledge spillovers and product market rivalry, we extend the model to account for RJV...

This paper addresses the internationalisation of R&D of large multinational firms by analysing their patents from the mid-1990s to the mid-2000s. It highlights three major results. Firstly it does not reveal any significant increase of the global rate of R&D internationalisation, which remains...

This paper empirically examines 13 technologies in which significant cost and performance improvements occurred even while no commercial production occurred. Since the literature emphasizes cost reductions through increases in cumulative production, this paper explores cost and performance...

This paper aims at showing how quantile estimations can make the analysis of the firm's production function better able to deal with the innovation implications of production. In order to do this, we provide evidence of how top world R&D investors differ in the production impact of their inputs...