Found 8 article(s) for author 'R&D'

Extending the role of headquarters beyond the firm boundary: entrepreneurial alliance innovation

Extending the role of headquarters beyond the firm boundary: entrepreneurial alliance innovation. Andy Wu, August 14, 2019, Paper, “Prior research on corporate headquarters (CHQ) characteristics identifies the impact of CHQ location and composition on the innovation outcomes of internal subsidiaries. However, given that external strategic alliances with high-tech entrepreneurial firms represent a key source of innovation for the corporation, corporations must also consider how their choices of CHQ location and composition affect the innovation outcomes of these partners. In a study of 36 incumbent pharmaceutical corporations in 377 strategic alliances with 143 VC-backed biotechnology startups, we leverage detailed hand-collected data on CHQ locations and functions to estimate the effect of the CHQ on the innovation performance of the corporations’ entrepreneurial alliance partners. We find that a 1000-km decrease in CHQ–partner distance leads to an increase of 28 forward citations for the alliance partner, i.e., a 1% decrease in the distance is associated with a 1.7% increase in innovation performance. We find that the co-located presence of the corporation’s R&D function at the CHQ attenuates the benefit of CHQ–partner proximity, particularly for alliances structured for horizontal collaboration at the same part of the value chain. This study contributes to the literatures on both CHQ design and technology alliances.Link

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Collaborate to Innovate? Teams and Patent Generation in a Global R&D Center

Collaborate to Innovate? Teams and Patent Generation in a Global R&D Center. Prithwiraj Choudhury, April 2016, Paper. “How should firms organize their employees to generate patents? Are larger teams better than smaller teams, and should their members span formal and informal intra-firm boundaries? We argue that larger teams face greater coordination costs and cooperation problems, and even greater challenges if they span more intra-firm boundaries. Hence, the relationship between team size and patent generation will be more negative if team members belong to more formal organizational units but more positive if they belong to more overlapping informal communities. We also predict that these moderating effects will be exponential rather than linear in form. We test the hypotheses using a proprietary dataset that combines patent data with fine-grained personnel data from the Indian R&D center of a Fortune 50 technology company.Link

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Knowledge, Knowledge… Knowledge for My Economy

Knowledge, Knowledge… Knowledge for My Economy. Richard Freeman, 2015, Book Chapter. “The creation of S&T knowledge and development of S&T- based innovation has spread worldwide from traditionally advanced countries to traditionally developing countries, often under the direction of governments. Korea is an exemplar in this new locus. Korea’s burst in Science and Technology during the last three decades has made Korea a substantive player in the global production of S&T knowledge and its application to business. Although Korea still trails the US and other top countries in the quality of research, it has leaped...” Link

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Corporate Short-Termism – In the Boardroom and in the Courtroom

Corporate Short-Termism – In the Boardroom and in the Courtroom. Mark Roe, March 14, 2014, Paper. “A long-held view in corporate circles has been that furious rapid trading in stock markets has been increasing in recent decades, justifying corporate governance and corporate law measures that would further shield managers and boards from shareholder influence, to further free boards and managers to pursue their view of sensible long-term strategies in their investment and management policies. Here, I evaluate the evidence in favor of that view…” Link verified June 19, 2014

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Mini West Virginias: Corporations as Government Dependents

Mini West Virginias: Corporations as Government Dependents. Lauren Cohen, Joshua Coval, Christopher Malloy, 2014, Paper. “Much like states that rely on government spending, certain firms rely on the government for a substantial share of their revenues. Exploiting the statutory requirement that forces firms to list the identities of their major customers, we identify and examine the set of firms whose major customers are listed as government entities. We employ an identification strategy that exploits government contract bid protests in order to identify the causal impact of government sales on future firm outcomes, and find that government-linked firms invest less in physical and intellectual capital, and have lower future sales growth…” Link

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What Do We Learn From Schumpeterian Growth Theory?

What Do We Learn From Schumpeterian Growth Theory. Philippe Aghion, February 15, 2013, Paper. “Schumpeterian growth theory has “operationalized” Schumpeter’s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on four important aspects, namely: (i) the role of competition and market structure; (ii) rm dynamics; (iii) the relationship between growth and development with the notion of appropriate growth institutions; (iv) the emergence and impact of long-term…”  Link

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Innovation, Reallocation and Growth

Innovation, Reallocation and Growth. William R. Kerr, 2013, Paper. “We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A key feature is the selection between high- and low-type firms, which differ in terms of their innovative capacity. We estimate the parameters of the model using detailed US Census micro data on firm-level output, R&D and patenting. The model provides a good fit to the dynamics of firm entry and exit, output and R&D, and its implied elasticities are in the ballpark of a range of micro estimates…” Link

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Credit Constraints and the Cyclicality of R&D Investment: Evidence from France

Credit Constraints and the Cyclicality of R&D Investment: Evidence from France. Philippe Aghion, April 28, 2008, Paper. “We use a French firm-level data set containing 13,000 firms over the period 1993-2004 to analyze the relationship between credit constraints and firms’ R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical without credit constraints, but it becomes less countercyclical as firms face tighter credit constraints…” Link Verified October 29, 2014

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