| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5014 |
| DP5014 Optimality and Renegotiation in Dynamic Contracting | |
| Marco Battaglini | |
| 发表日期 | 2005-04-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This study examines the impact locational spillovers have on firm performance. Based on a uniquely created dataset consisting of high-technology start-ups publicly listed in Germany, this paper tests the proposition of locational spillovers positively affecting firm performance, as measured by abnormally high profits on the stock market. The results provide evidence that geographic proximity and university spillovers are complementary determinants of firm performance. While neither geographic proximity nor academic research spillovers alone can explain firm performance, a combination of both factors results in significant higher stock market performance. The results also show academic spillovers are heterogeneous in their impact depending on the type. In particular, spillovers from social sciences have a different impact on firm performance than do spillovers from natural science. |
| 主题 | Industrial Organization |
| 关键词 | University spillover Firm performance University-firm collaboration |
| URL | https://cepr.org/publications/dp5014 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533912 |
| 推荐引用方式 GB/T 7714 | Marco Battaglini. DP5014 Optimality and Renegotiation in Dynamic Contracting. 2005. |
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