Showing 1 - 10 of 78
.5 million patents and 4.5 million citations to analyze knowledge flows across 147 subnational regions. We estimate that only 15 …
Persistent link: https://www.econbiz.de/10010297291
.5 million patents and 4.5 million citations to analyze knowledge flows across 147 subnational regions. We estimate that only 15 …
Persistent link: https://www.econbiz.de/10005097649
We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing … constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries … between borrowers and lenders, we quantify the value of using patents as collateral with regard to capital access. Although …
Persistent link: https://www.econbiz.de/10013348849
Because judges exercise discretion in how they handle and decide cases, heterogeneity across judges can affect case outcomes and, thus, preferences among litigants for particular judges. However, selection obscures the causal mechanisms that drive these preferences. We overcome this challenge by...
Persistent link: https://www.econbiz.de/10014470144
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...
Persistent link: https://www.econbiz.de/10014506977
Although there seems to be consensus in the literature that venture capital investors increase the innovation output of their portfolio companies, there is little evidence about how investor type (governmental vs. private) and transaction structure (syndicated vs. non-syndicated) moderate this...
Persistent link: https://www.econbiz.de/10010308273
patenting, our results further suggest that knowledge creation alliances lead to patents that are filed to protect valuable …
Persistent link: https://www.econbiz.de/10010309806
Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on...
Persistent link: https://www.econbiz.de/10010297363
This paper analyzes the effects of public R&D funding on R&D expenditure and patenting behavior of German firms. The main focus is the direct impact of subsidies on R&D and the indirect effect on innovation output measured by patent applications. We distinguish the productivity of purely...
Persistent link: https://www.econbiz.de/10010297381
The present paper first discusses theoretically the different incentives of manager- versus owner-controlled firms for investment into innovative activity. In addition, the role of debt financing is analyzed. Subsequently the results from an empirical study on the determinants of innovative...
Persistent link: https://www.econbiz.de/10010297397