The following article systematically analyzes the question of how the results of R&D and its protection - or so to say, the technology base of a firm - can influence its mar-ket value and profits. Based on theoretical arguments it is hypothesized that large and highly valuable patent portfolios...

Previous research has expressed concerns about firms engaging less in basic research. We contribute to this debate by studying trends in the scientific publishing activities of firms located in Germany. Our results do not confirm a declining trend in raw numbers with numbers indicating that...