منابع مشابه
Innovation and Institutional Ownership
Does greater equity ownership by institutional investors improve or inhibit innovation incentives? We present a model of career concerns where institutional ownership increases the incentives managers have to innovate through reducing informational asymmetries. We then utilize an original panel of US firms containing information on ownership, governance, managerial characteristics and innovatio...
متن کاملInnovation and Foreign Ownership
This paper uses a rich panel dataset of Spanish manufacturing rms (1990-2006) and a propensity score reweighting estimator to show that multinational rms acquire the most productive domestic rms, which, on acquisition, conduct more product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign technologies, leading to higher productivity....
متن کاملAEA " Innovation and Institutional Ownership
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متن کاملSpillovers of Innovation Activities and Their Profitability
Knowledge spillovers to competitors are regarded as an important aspect of the innovation process. While a company possibly benefits from incoming information on successful R&D conducted by other companies, a generally high probability of leakage of knowledge in an industry will negatively affect profitability. This paper presents the results of an empirical study on the effects of outgoing and...
متن کاملOwnership Structure, Absorptive Capacity, and Innovation: Planting Vs Harvesting Innovation
This dissertation investigates the main research question: Which classification of innovation explains the heterogeneous timing of revenue realization? Given the significance of financial gain, researchers are recommended to pay attention to whether innovation outcomes result in commercial gains in the short term. Following this notion, a new category of innovation, planting and harvesting, is ...
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ژورنال
عنوان ژورنال: International Journal of Industrial Organization
سال: 2009
ISSN: 0167-7187
DOI: 10.1016/j.ijindorg.2008.11.001