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Persistent link: https://www.econbiz.de/10012314508
We find that firms with higher cash-to-assets ratios obtain more patents and patent citations for a given amount of research and development expenditures. We propose that large cash reserves increase managerial incentives to innovate by reducing the risk to their career from undertaking...
Persistent link: https://www.econbiz.de/10013006045
Exploiting the staggered establishment of public audit oversight boards (POBs) worldwide and employing a difference-in-differences methodology, we find that patents and patent citations increase significantly following the implementation of public audit oversight. This is especially so in client...
Persistent link: https://www.econbiz.de/10013406641