Knowledge Spillovers and Corporate Investment in Scientific Research

Ashish Arora, Sharon Belenzon, Lia Sheer

نتاج البحث: نشر في مجلةمقالةمراجعة النظراء

ملخص

Using data on 800,000 corporate publications and patent citations to these publications between 1980 and 2015, we study how corporate investment in research is linked to its use in the firm’s inventions, and to spillovers to rivals. We find that private returns to corporate research depend on the balance between two opposing forces: the benefits from the use of science in own downstream inventions, and the costs of spillovers to rivals. Consistent with this, firms produce more research when it is used internally, but less research when it is used by rivals. As firms become more sensitive to rivals using their science, they are likely to reduce the share of research in R&D.

اللغة الأصليةالإنجليزيّة
الصفحات (من إلى)871-898
عدد الصفحات28
دوريةAmerican Economic Review
مستوى الصوت111
رقم الإصدار3
المعرِّفات الرقمية للأشياء
حالة النشرنُشِر - مارس 2021
منشور خارجيًانعم

All Science Journal Classification (ASJC) codes

  • !!Economics and Econometrics

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