Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Information economics has emerged as the primary theoretical lens for framing financing decisions in firm R&D investment. Successful outcomes of R&D projects are either ex-ante impossible to predict or the information is asymmetrically distributed between inventors and investors. As a result,...

Survey data from over 3,000 academic scientists show that nearly half of these scientists report that their choice of research projects has been affected (to some degree) by the presence of third‐party patents. Our evidence suggests that the operation of this patent‐induced effect is through...

Survey data from over 3000 academic scientists shows that nearly half of these scientists report that their choice of research project has been affected (to some degree) by the presence of third-party patents. We test for the relative effects of the costs associated with physically obtaining...

The number of research grants awarded to biomedical researchers is found to have a positive effect on their subsequent number of publications and patents but either no effect or a negative effect on the subsequent number of commercial contracts signed. The exception was ‘development grants’...