Prior research shows that corporate innovation enhances firm value. Using a novel text-based measure of innovation, we explore how the effects on performance change in presence economic policy uncertainty. We use large sample US firms over period 1996 to 2010 test relationship by executing firm-fixed effect regressions. Our results show significantly positively affects performance. However, our...

This study investigates the impact of certain macroeconomic determinants on stock market returns in Gulf Cooperation Council (GCC). Those factors are: interest rates, oil prices, exchange and money supply. were empirically studied investigated to have an many countries. paper also attempts capture that those market, using a panel set data by implying several tests data, which include unit root ...

The average time delay of photons due to multiple interactions with gravitons of the background is computed in a frame of the model of low-energy quantum gravity by the author. The two variants of evaluation of the lifetime of a virtual photon are considered: 1) on a basis of the uncertainties relation (it is a common place in physics of particles) and 2) using a conjecture about constancy of t...

Using Community Innovation Survey data for Belgium we analyze which firm and industry characteristics are conducive to cooperation with universities. We take into consideration that the decision to cooperate with universities cannot be analyzed in isolation from the overall innovation strategy of the firm. Cooperating with universities is complementary to other innovation activities such as per...

Succeeding in Innovation: Key Insights on the Role of R&D and Technological Acquisition Drawn from Company Data This paper discusses the relationship between a company’s investment in innovation and its success in introducing new product and/or process innovations. In doing so, this analysis departs from the standard approach which puts forward a homogenous R&D-based knowledge production functi...

Innovators must decide on an innovation strategy and how to protect their innovations from potential competitors. While the two decisions are related, they are not identical, and there is no guarantee that changes in the propensity to innovate must be reflected by changes in the propensity to protect. I separate a firm’s innovation and intellectual property (IP) protection decisions and enrich ...

Abstract: We investigate the degree to which corporate governance and ownership affect the innovation performance of firms in China with a particular focus on privately owned small and medium enterprises (SMEs). Using the appropriate theoretical frameworks, we derive hypotheses regarding the impact of ownership concentration, board size and composition, and the background of the CEO on innovati...

We investigate the degree to which corporate governance and ownership affects the innovation performance of firms in China. We hypothesize that (1) board-related governance measures will enhance innovation because they improve monitoring and provide access to necessary resources; (2) ownership concentration initially facilitates innovation because large shareholders are more likely to commit to...

A blossoming stream of the regional innovation systems (RIS) literature is being devoted to investigate the relationship between RIS efficiency and productivity growth. Our study aims at evaluating: first, the ex-post relative technical efficiency in innovation in a sample of OECD regions by means of a DEA (data envelopment analysis) methodology. We will also match these results with regression...

The paper argues that a substantial proportion of the wider economic benefits to society from publicly-funded basic research is associated with scientists’ migration into the commercial sector of the innovation system. Rejecting a reduction of the research process to the propositional knowledge it produces, a set of hypotheses on the value of different types of knowledge is derived. The hypothe...