Data and Code for: Knowledge spillovers and corporate investment in scientific research
- Arora, Ashish (Duke University, Fuqua School of Business and NBER)
- Belenzon, Sharon (Duke University, Fuqua School of Business and NBER)
- Sheer, Lia (Duke University, Fuqua School of Business)
National Science Foundation
- Award Number: 1747316
- Fuqua School of Business, Duke University
AbstractUsing 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.
1980-01-01 / 2015-12-31Time Period: Tue Jan 01 00:00:00 EST 1980--Thu Dec 31 00:00:00 EST 2015
United States of America
Arora, Ashish, Sharon Belenzon, and Lia Sheer. “Knowledge Spillovers and Corporate Investment in Scientific Research.” American Economic Review, n.d.
Update Metadata: 2021-02-19 | Issue Number: 1 | Registration Date: 2021-02-19