Webexpenditures and patent counts as measures of technological activity (e.g., Griliches 1981; Hall 1993). More sophisticated indicators of technological assets such as citation-weighted patents have also been experimented with in the literature to account for the great dispersion in the value WebA caveat in using the citation-weighted patent stock measure of innovation is that some firms may patent defensively (Entezarkheir, 2024; Hall et al., 2005;Ziedonis, 2004;Hall and Ziedonis, 2001 ...
R&D and Patenting Activity and the Propensity to Acquire in
WebDec 1, 2013 · I control for the possible endogeneity of competition by using a trade-weighted average of industry exchange rates as an instrument. I find a mildly negative relationship between competition (as measured by the inverse of markups) and innovation (as measured by citation-weighted patents). WebThese results suggest that smaller acquisitions can be seen as part of an innovation strategy by acquiring firms with relatively low levels of internal R&D which seek to offset low R&D … onthullingshoes auto
Firm value, spatial knowledge flow, and innovation: evidence from ...
Webour analyses to explain changes in the number of citation-weighted patent les, we nd little evidence for signi cant e ects of pool announcement or creation. These ndings suggest that while patent pools increase the incentives to le additional patents, they do not seem to provide as signi cant impulses for signi cant technological innovation. WebDec 16, 2024 · OLS and IV estimates of citation-weighted patent stocks with respect to firm-specific labour productivity are positive and consistently significant. Further, mergers are significantly correlated with a rise in citation-weighted patent stocks and research and development (R&D) spending. In tandem, our findings suggest that larger firms resulting ... WebJun 4, 2024 · An advantage of the weighted patent family size measure is that it is based on ex-ante information and is easy to construct for purposes of evaluating patent value. … onthullend