WebJul 22, 2024 · They increase investment, notably in intangibles, and innovation outcomes as measured by cite-weighted patents; they trigger faster growth in assets, employment and revenues; they lead to higher likelihood of receiving follow-on equity financing and lower failure chances. These effects tend to be larger for firms that are smaller and younger ... WebDownloadable! In this paper we investigate the incidence of high technology acquisitions using a large international sample of acquisitions by public high technology firms. Controlling for firms’ financial characteristics, we examine the impact of the following innovation-related factors on the propensity to acquire: R&D-intensity as a proxy for R&D inputs; the …
Prizes, Publicity and Patents: NonMonetary Awards as a …
WebWe find that citation-weighted patent stocks are more highly correlated with market value than patent stocks themselves and that this fact is due mainly to the high valuation placed on firms that hold very highly cited patents. Acknowledgements and … WebNorthwestern Law: Northwestern Pritzker School of Law east renfrewshire mental health team
Is innovation a factor in merger decisions? Evidence from a
WebAug 27, 2016 · However, we use citation-weighted patents per year as the dependent variable in both parts of the hurdle model, as the differences in the results for citations versus patents per year are small. Also, one could consider a different aggregation period for the patents/citations but certainly the technological challenges for new first … WebJul 13, 2024 · Hall et al. developed measures of generality for each patent, measuring the breadth of subsequent technology space citing it, and originality, measured as the breadth of cited technologies in the patent’s bibliography, so we have weighted patent counts by these alternative measures as well. Generality is measured as: WebJun 25, 2024 · Footnote 4 Therefore, the citation-weighted patent variable takes into account not only the output of the innovative activity but also the quality of the innovation via its citations in our measure for innovation. The variable \({ logCitationPatent}_{it-1}\), is the one period lagged logarithm of the citation-weighted patent stock of firm i in ... cumberland county fcu maine