Dynamics of First-Time Patenting Firms

Exchange Rate Volatility and First-Time Entry by Multinational Firms

The model and related empirical examination in this paper demonstrate one reason why previous studies document both positive and negative correlations between exchange rate volatility and observed levels of foreign direct investment. Using a simple model of cross-border mergers and acquisitions, it argues that the source of the volatility is important in resolving the puzzle. An empirical analy...

Firms and Aggregate Dynamics ∗

We investigate the role of permanent and transitory shocks for firms and aggregate dynamics. We find that permanent shocks to productivity and permanent shifts in the composition of output explain at least 4/5 of firms dynamics. However, these permanent shocks are almost uncorrelated across firms, and are therefore less relevant for aggregate dynamics. Transitory shocks, on the other hand, are ...

Secrecy in the Shadow of Patenting: Firms Use of Continuation Patents, 1975-1994

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Bio-Piracy or Prospering Together? Fuzzy Set and Qualitative Analysis of Herbal Patenting by Firms

Diversification and Specialisation in Innovative Activities: An Analysis of Patenting Activity of Electronic Firms

This paper has shed light on the processes of technological diversification and specialization by firms. European, American and Japanese firms have been examined in 25 technological fields within telecommunications, information and audiovisual technologies for the period 1978-1998. In general, in electronics technologies incumbent firms are engaged in continuous processes of technological diver...