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My note, titled For the People and by the People: A New Proposal for Defining Industry Standards in Computer Software, focuses on the increasingly contentious world of standard setting organizations (SSOs) in the software and hardware industries, where industry leaders and upstarts alike jostle...
Persistent link: https://www.econbiz.de/10012751792
We examine the evolution of biotechnology clusters in Germany between 1996 and 2003, paying particular attention to their composition in terms of venture capital, basic science institutions, and biotechnology firms. Drawing upon the significance of co-location of quot;money and ideasquot;, the...
Persistent link: https://www.econbiz.de/10012751849
This study investigates the impact of Internet usage on the financial performance of residential real estate brokerage firms using a database of over 1,700 observations. Factor loadings and a factor score for Internet usage are developed. The results show that Internet use is positively related...
Persistent link: https://www.econbiz.de/10012752039
-to-the-world innovation is inherently risky and therefore may increase the probability of firm death. However, many existing studies … fail to distinguish between innovation investments and innovation capital. Using an unbalanced panel of over 290 … innovation and survival and find that current innovation investments increase the probability of death while innovation capital …
Persistent link: https://www.econbiz.de/10012752078
This paper studies how pharmaceutical research and development (Ramp;D) investment responds to publicly supported biomedical research performed mainly in universities and non-profit institutions. New micro-level data on investment by the U.S. National Institutes of Health allow measures of...
Persistent link: https://www.econbiz.de/10012752313
leads to low returns to innovation and underutilization of innovative talents; MNEs who possess alternative mechanisms for …
Persistent link: https://www.econbiz.de/10012752461
Together with the number of patents and the value of Ramp;D expenditures, scientific measures of patent quality give investors a useful basis upon which to judge the economic merit of the firm's inventive and innovative activity. Especially in the case of small cap and relatively low P/E high...
Persistent link: https://www.econbiz.de/10012752508
This study examines the characteristics that make start-up biotechnology firms attractive alliance partners. We distinguish between firm specific and location-specific characteristics as well as between foreign and domestic corporate partners. We present and test a longitudinal model of alliance...
Persistent link: https://www.econbiz.de/10012752642
This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms. The motivation for using market value equation to price knowledge assets is discussed and the theory behind this equation is briefly presented. Then the empirical literature...
Persistent link: https://www.econbiz.de/10012752923
This paper argues that a large technological innovation may lead to a merger wave by inducing entrepreneurs to seek … funds from technologically knowledgeable firms-experts. When a large technological innovation occurs, the ability of non …
Persistent link: https://www.econbiz.de/10012752978