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The effects of government R&D subsidies can vary across recipient firms, depending on the various characteristics of a firm, potentially including the firm's accounting information quality (AIQ). It has been well recognized that high AIQ helps to reduce information asymmetry between investors...
Persistent link: https://www.econbiz.de/10013166656
The decision to cooperate within R&D joint ventures is often based on `expert advice.' Such advice typically originates in a due diligence process, which assesses the R&D joint venture's profitability, for example, by appraising the achievability of synergies. We show that if the experts who...
Persistent link: https://www.econbiz.de/10014193980
The decision to cooperate within R&D joint ventures is often based on expert advice such advice typically originates in a due diligence process, which assesses the R&D joint ventures profitability, for example, by appraising the achievability of synergies. We show that if the experts who advise...
Persistent link: https://www.econbiz.de/10009409623
patent-intensive, and legal and economic theory has long explored the role of patents in shaping industry structure … concentration ultimately harms innovation, efficiency, consumer welfare, and democratic representation. It argues that patent law …
Persistent link: https://www.econbiz.de/10013213690
We investigate the effect of patent disclosures on corporate innovation. Using the American Inventor's Protection Act … (AIPA) as a shock that increased patent disclosures, we find an increase in innovation for firms whose rivals reveal more … the law. These findings suggest patent disclosures generate both spillover benefits and proprietary costs. Our findings …
Persistent link: https://www.econbiz.de/10012847323
In October 2013, the European Commission presented a new indicator intended to capture innovation outputs and outcomes and thereby "support policy-makers in establishing new or reinforced actions to remove bottlenecks that prevent innovators from translating ideas into products and services that...
Persistent link: https://www.econbiz.de/10011554649
In October 2013, the European Commission presented a new indicator intended to capture innovation outputs and outcomes and thereby "support policy-makers in establishing new or reinforced actions to remove bottlenecks that prevent innovators from translating ideas into products and services that...
Persistent link: https://www.econbiz.de/10011561185
technological synthesis within the broader economy. Using data on patents and patent citations obtained from the PATSTAT …-CRIOS database, covering all patent applications made to the European Patent Office (EPO), we try to model the systemic nature of …
Persistent link: https://www.econbiz.de/10010431699
to financing constraints, but also do not seem to benefit from a patent quality signal. …
Persistent link: https://www.econbiz.de/10010341887
Research and development (R&D) tax credits are widely employed among the OECD countries to promote business sector investments in innovation. The implementation of R&D tax credit schemes, however, varies across countries. The empirical research on the effectiveness of R&D tax incentives suggests...
Persistent link: https://www.econbiz.de/10013179659