Economics of Innovation and New Technology最新文献

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The alienability of innovation: evidence from patent transfers 创新的可让渡性:来自专利转让的证据
3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-09-29 DOI: 10.1080/10438599.2023.2261871
Šimon Trlifaj
{"title":"The alienability of innovation: evidence from patent transfers","authors":"Šimon Trlifaj","doi":"10.1080/10438599.2023.2261871","DOIUrl":"https://doi.org/10.1080/10438599.2023.2261871","url":null,"abstract":"ABSTRACTThis paper examines the conceptualization of innovation as a public good using an empirical analysis of patent transfers. It proposes that patents make inventions both excludable and alienable, in contrast to secrecy which only makes them excludable. A survival analysis finds that 10% higher complexity of patent descriptions is associated with 9% higher patent transfer hazard. This suggests that inventors more often patent complex inventions for the alienability motive – as opposed to the excludability motive. Small inventors transfer their patents less likely, but they do so sooner than other inventors. This suggests that patents enable an exchange of inventions that would otherwise be kept secret, but small inventors may not benefit from this function disproportionately more than others. These findings have implications for the conceptualization of innovation.KEYWORDS: Innovationpatentssecrecyalienabilityexcludabilitypublic goods Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Appropriability defined as the ability to protect the firm's competitive advantage from its inventions in the prior three years (Cohen, Nelson, and Walsh Citation2000, p. 5).2 Arrow (Citation1962) generalizes the observation to information, while this paper focuses on innovation.3 Akcigit, Alp Celik, and Greenwood (Citation2016) model an extreme scenario where patented are not transferable. Although this is sub-optimal for patents, it is the case of some intellectual property rights. Copyright may not be re-sold in some countries (WIPO Citation2016). Regional agricultural indicators, such as those on the Parmigiano Reggiano cheese, may not be licensed or sold to producers outside a specific region (WTO Citation1994).4 Private email communication with the USPTO, available from the author upon request.5 For consistency, micro-entities, introduced in 2013, are treated as small entities (see USPTO Citation2020, for details).","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135199343","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
IPO underpricing and corporate innovation: evidence from China IPO定价过低与企业创新:来自中国的证据
3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-09-19 DOI: 10.1080/10438599.2023.2258355
Di Wu, Qifeng Zhao
{"title":"IPO underpricing and corporate innovation: evidence from China","authors":"Di Wu, Qifeng Zhao","doi":"10.1080/10438599.2023.2258355","DOIUrl":"https://doi.org/10.1080/10438599.2023.2258355","url":null,"abstract":"ABSTRACTThe functions of the stock market such as investment exit mechanism (IPO), interest incentive and capital allocation are beneficial for corporate to engage in innovation activities with higher risk and longer cycle, but IPO underpricing will hinder the realization of such functions. This paper uses the fixed effect model for empirical analysis and finds that the long-term innovation performance of corporate s with IPO underpricing is poor. Mechanism analysis shows that IPO underpricing corporates will have management myopia, lack of R&D enthusiasm that inhibit corporate innovation. Further analysis shows that the improvement of corporate information transparency and institutional investor field research can alleviate this negative impact can alleviate this negative impact. The conclusion of this paper aims to improve efficiency of the capital market, promote the effective pricing of the capital market, and provide certain reference significance for the relevant policies of the capital market to support the high-quality development of the real economy.KEYWORDS: Corporate innovationIPO underpricingmanagement myopiaR&D enthusiasmcorporate information transparencyJEL CLASSIFICATION: G32O31 Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingQifeng Zhao acknowledges support from the National Natural Science Foundation of China [grant number 72302229]; Di Wu acknowledges support from the Social Science Planning Fund Program, Shandong Province [grant number 22DGLJ13].","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135014882","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cross-ownership on R&D and welfare in a mixed oligopoly: revisiting with convex cost 混合寡头垄断下研发与福利的交叉所有权:凸成本的重新审视
3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-09-13 DOI: 10.1080/10438599.2023.2255975
Hao Cheng, Xiaoyuan Ding, Chenhang Zeng
{"title":"Cross-ownership on R&D and welfare in a mixed oligopoly: revisiting with convex cost","authors":"Hao Cheng, Xiaoyuan Ding, Chenhang Zeng","doi":"10.1080/10438599.2023.2255975","DOIUrl":"https://doi.org/10.1080/10438599.2023.2255975","url":null,"abstract":"This paper revisits how private cross-ownership affects cost-reducing R&D, production quantities, consumer surplus, firms’ profits and social welfare in a mixed oligopoly with a convex cost function. We show that increasing cross-ownership reduces private firms’ R&D but increases the semi-public firm’s R&D. Further, both consumer surplus and social welfare could be enhanced through cross-ownership when the convexity of cost function is small. However, increasing cross-ownership could hurt consumers and social welfare when the convexity of cost function is large. Our finding highlights that the convexity of cost function is very important to the welfare implications of cross-ownership. Hence, antitrust authorities should be more careful when assessing the welfare effects of partial ownership in different industries.","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135740561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The U-shaped relationship between patent age and patent value: evidence from assigned patents in China 专利年龄与专利价值的U型关系——来自中国转让专利的证据
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-09-07 DOI: 10.1080/10438599.2023.2255978
Li-ming Li, Yu-Hang Liu, Ya-feng Zhang
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引用次数: 0
Complementarity between product and process innovation in small and micro-enterprises in Johannesburg, South Africa 南非约翰内斯堡小微企业产品和工艺创新的互补性
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-09-05 DOI: 10.1080/10438599.2023.2254241
Godfrey Kamutando, Fiona Tregenna
{"title":"Complementarity between product and process innovation in small and micro-enterprises in Johannesburg, South Africa","authors":"Godfrey Kamutando, Fiona Tregenna","doi":"10.1080/10438599.2023.2254241","DOIUrl":"https://doi.org/10.1080/10438599.2023.2254241","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48841329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of the combination intensity and balance of patent policy on firm patent quality 专利政策组合强度与平衡性对企业专利质量的影响
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-08-24 DOI: 10.1080/10438599.2023.2251004
Jingxian Gan
{"title":"Impact of the combination intensity and balance of patent policy on firm patent quality","authors":"Jingxian Gan","doi":"10.1080/10438599.2023.2251004","DOIUrl":"https://doi.org/10.1080/10438599.2023.2251004","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41872325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Input additionality of R&D tax reliefs: results from a panel LP-IV approach 研发税收减免的投入额外性:来自面板LP-IV方法的结果
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-08-10 DOI: 10.1080/10438599.2023.2246021
Marco Amendola
{"title":"Input additionality of R&D tax reliefs: results from a panel LP-IV approach","authors":"Marco Amendola","doi":"10.1080/10438599.2023.2246021","DOIUrl":"https://doi.org/10.1080/10438599.2023.2246021","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48603079","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The geographical component in firms’ perception of innovation barriers: the case of Ecuador 企业对创新障碍认知的地理因素:以厄瓜多尔为例
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-07-25 DOI: 10.1080/10438599.2023.2237895
Juan Fernández-Sastre, Fernando Bruna
{"title":"The geographical component in firms’ perception of innovation barriers: the case of Ecuador","authors":"Juan Fernández-Sastre, Fernando Bruna","doi":"10.1080/10438599.2023.2237895","DOIUrl":"https://doi.org/10.1080/10438599.2023.2237895","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43393684","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of R&D incentives and sectoral knowledge stocks on R&D outcomes 研发激励措施和部门知识存量对研发成果的影响
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-07-03 DOI: 10.1080/10438599.2023.2227947
İpek Akad, Çağaçan Değer
{"title":"The impact of R&D incentives and sectoral knowledge stocks on R&D outcomes","authors":"İpek Akad, Çağaçan Değer","doi":"10.1080/10438599.2023.2227947","DOIUrl":"https://doi.org/10.1080/10438599.2023.2227947","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42720677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Are Robots, Software, ICT and physical capital related to productivity? A panel quantile approach 机器人、软件、信息通信技术和实物资本与生产力有关吗?面板分位数方法
IF 3.3 3区 经济学
Economics of Innovation and New Technology Pub Date : 2023-06-26 DOI: 10.1080/10438599.2023.2227954
Derick R. C. Almeida, Tiago Neves Sequeira
{"title":"Are Robots, Software, ICT and physical capital related to productivity? A panel quantile approach","authors":"Derick R. C. Almeida, Tiago Neves Sequeira","doi":"10.1080/10438599.2023.2227954","DOIUrl":"https://doi.org/10.1080/10438599.2023.2227954","url":null,"abstract":"","PeriodicalId":51485,"journal":{"name":"Economics of Innovation and New Technology","volume":" ","pages":""},"PeriodicalIF":3.3,"publicationDate":"2023-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49529525","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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