What Affects Post-Merger Innovation Outcomes? An Empirical Study of R&D Intensity in High Technology Transactions Among U.S. Firms
by Neha Karna Abstract High levels of global M&A activity have characterized the past decade, making the policy debate over the impact of mergers on innovation even more pertinent. Innovation is a significant driver of economic growth and therefore a negative effect of mergers on innovation outcomes may have detrimental consequences. Nevertheless, the existing literature […]
Evaluating The Forward Citations-Patent Value Relationship: The Role Of Competition
By Neelesh T. Moorthy I assess whether forward citations—how often patents are cited by subsequent patents—reliably capture patent quality. A high-quality invention might lack forward citations if there are no competing, patenting firms. This introduces measurement error in using citations to measure patent value. I test whether greater competition makes forward citations better measures of […]
What Fosters Innovation? A CrossSectional Panel Approach to Assessing the Impact of Cross Border Investment and Globalization on Patenting Across Global Economies
By Michael Dessau and Nicholas Vega This study considers the impact of foreign direct investment (FDI) on innovation in high income, uppermiddle income and lowermiddle income countries. Innovation matters because it is a critical factor for economic growth. In a panel setting, this study assesses the degree to which FDI functions as a vehicle for […]
Federal and Industrial Funded Research Expenditures and University Technology Transfer licensing
By Trent Chiang In this paper I relate the numbers of university licenses and options to both university research characteristics and research expenditures from federal government or industrial sources. I apply the polynomial distributed lag model for unbalanced panel data to understand the effects of research expenditures from different sources on licensing activity. We find […]
