期刊
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
卷 59, 期 -, 页码 385-394出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.iref.2018.10.004
关键词
Innovation; Research and development; Patent; Profitability
资金
- Ministry of Science and Technology of Taiwan [MOST 105-2410-H-156-002]
Using data from Taiwanese manufacturing firms for the 2000-2015 period, the results of the system-generalised method of moments revealed the direction of causality from a firm's innovative activities to firm profitability. This study also revealed that the profitability of innovative firms surpassed that of noninnovative firms by employing propensity score matching. We further observed a short-term profit-enhancing effect of a firm obtaining a patent after controlling for firm heterogeneity and the endogeneity problem. Our results indicate that firms that invested in research and development successfully obtained patents, and the protection granted by government-issued patents improved their profitability. These findings have strong policy-related implications; innovation policymakers in the government should ensure a favourable industrial environment that focuses on giving firms incentives to improve performance.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据