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Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010341887
Information about the success of a new technology is usually held asymmetrically between the research and development (R&D)-performing firm and potential lenders and investors. This raises the cost of capital for financing R&D externally, resulting in financing constraints on R&D especially for...
Persistent link: https://www.econbiz.de/10010252810
linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10012977470
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linked fields. Our analysis uses 1.8 million U.S. patents and their citation properties to map the innovation network and its … strength. Past innovation network structures are calculated using citation patterns across technology classes during 1975 … predictive power on future innovation after 1995. This pattern is consistent with the idea that when there is more past upstream …
Persistent link: https://www.econbiz.de/10012980187
between appropriability mechanisms, innovation and firm-level productivity. We enrich this model in several ways. First, we … consider different types of innovation spending and study the differences in estimates when innovation spending (rather than R …&D spending) is used to predict innovation in the CDM model. Second, we assume that a firm simultaneously innovates and chooses …
Persistent link: https://www.econbiz.de/10013047021