G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11064
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
URLhttps://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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