Firm age and innovation

被引：213

作者：

Balasubramanian, Natarajan ^{[1
]}

Lee, Jeongsik ^{[2
]}

机构：

[1] Florida Int Univ, Miami, FL 33199 USA

[2] Georgia Inst Technol, Atlanta, GA 30308 USA

来源：

INDUSTRIAL AND CORPORATE CHANGE | 2008年 / 17卷 / 05期

关键词：

D O I：

10.1093/icc/dtn028

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine how firm age relates to innovtion quality, and how this relationship varies depending on the nature of technology. Using data on patents of COMPUSTAT firms, we find that firm age is negatively related to technical quality, and that this effect is greater in technologically active areas. The economic implication of this effect is substantial; each additional year reduces the impact of a 10 increase in R&D intensity on the firms market value by over 3%.

引用

页码：1019 / 1047

页数：29

共 34 条

[1] INNOVATION - MAPPING THE WINDS OF CREATIVE DESTRUCTION [J].