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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11064 |
DP11064 Technological Progress and Ownership Structure | |
Harald Hau; Sandy Lai | |
发表日期 | 2016-01-24 |
出版年 | 2016 |
语种 | 英语 |
摘要 | Innovation processes under patent protection generate hold-up problems if complementary patents are owned by different firms. We show that in line with Hart and Moore (1990), shareholder ownership overlap across firms with patent complementarities helps mitigate such hold-up problems and correlates significantly with higher patent investment and more patent success as measured by future citations. The positive innovation effect is strongest for concentrated overlapping ownership and for the cases when the overlapping shareholders are dedicated investors. |
主题 | Financial Economics ; Industrial Organization ; Macroeconomics and Growth |
关键词 | Patents Hold-up problems Innovation Institutional ownership |
URL | https://cepr.org/publications/dp11064 |
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/539893 |
推荐引用方式 GB/T 7714 | Harald Hau,Sandy Lai. DP11064 Technological Progress and Ownership Structure. 2016. |
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