Fifty Years of Empirical Studies of Innovative Activity and Performance

Cohen, Wesley M.

doi:10.1016/s0169-7218(10)01004-x

Cited by 846 publications

(636 citation statements)

References 281 publications

Supporting

Mentioning

561

Contrasting

Unclassified

Order By: Relevance

“…Also our (ICT-specific) competition variable correlates positively with both types of innovation, in accordance with similar findings in empirical innovation studies (see Cohen (2010) for a survey of this literature).…”

Section: Innovation Equationssupporting

confidence: 90%

Investigating the effects of ICT on innovation and performance of European hospitals: an exploratory study

Arvanitis

Loukis

2015

Eur J Health Econ

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractHospitals are making big investments in various types of ICT, so it is important to investigate their effects on innovation and performance. In this paper is presented an empirical study in this direction, based on data for 743 hospitals from 18 European countries, which were collected in the course of the e-Business Survey of the European Union. We specified and estimated econometrically five equations: one for product innovation, one for process innovation and three equations for the three different dimensions of (ICT-enabled) hospital performance that are taken into consideration in this study. All five equations included various ICT-related variables reflecting ICT infrastructure and a series of important ICT applications, some of them hospital-specific, and some others of general business use, and also ICT personnel (viewed as a kind of 'soft' ICT investment), as right-hand variables, while the performance equations also included the two innovation measures.The study contributes threefold to literature. First, it is to our knowledge the first comprehensive study of this kind for European hospitals. Second, it analyzes the effects of various types of ICT on innovation and (ICT-enabled) economic performance of hospitals in an integrated framework. Third, it is based on relatively detailed information on ICT infrastructure and specific ICT applications, both health-specific and general, and also ICT personnel, examining and comparing their effects on innovation and economic performance. JEL-classification: O31

show abstract

Section: Innovation Equationssupporting

confidence: 90%

Investigating the effects of ICT on innovation and performance of European hospitals: an exploratory study

Arvanitis

Loukis

2015

Eur J Health Econ

View full text Add to dashboard Cite

show abstract

“…Firm performance may be driven by firm-specific factors, such as firm size. Several papers have shown that other factors may be more important to firm performance than firm-specific factors, such as demand, technological opportunity conditions, and industry effects (Cohen, 2010;Hansen and Wernerfelt, 1989;Hawawini et al, 2003;Mehran, 1995). Therefore, it is worth exploring the size effect on the performance of firms in the tourism industry, as well as for Taiwan, as there are many firm of different sizes involved in the tourism industry.…”

Section: Size Effect Of Firm Performancementioning

confidence: 99%

Is small beautiful? Size effects of volatility spillovers for firm performance and exchange rates in tourism

Chang

Hsu

McAleer

2013

The North American Journal of Economics and Finance

View full text Add to dashboard Cite

This paper examines the size effects of volatility spillovers for firm performance and exchange rates with asymmetry in the Taiwan tourism industry. The analysis is based on two conditional multivariate models, BEKK-AGARCH and VARMA-AGARCH, in the volatility specification. Daily data from 1 July 2008 to 29 June 2012 for 999 firms are used, which covers the Global Financial Crisis. The empirical findings indicate that there are size effects on volatility spillovers from the exchange rate to firm performance. Specifically, the risk for firm size has different effects from the three leading tourism sources to Taiwan, namely USA, Japan, and China. Furthermore, all the return series reveal quite high volatility spillovers (at over sixty percent) with a one-period lag. The empirical results show a negative correlation between exchange rate returns and stock returns. However, the asymmetric effect of the shock is ambiguous, owing to conflicts in the significance and signs of the asymmetry effect in the two estimated multivariate GARCH models. The empirical findings provide financial managers with a better understanding of how firm size is related to financial performance, risk and portfolio management strategies that can be used in practice.

show abstract

“…The role of internal rules and how they influence technology adoption is also the focus of Bridgman (2015), who studies why unions may favor restrictive work regulations and how these regulations may induce resistance to technology adoption. Finally, our paper adds to the literature on the relationship between competition and innovation (Aghion et al, 2005;Cohen, 2010). Our findings suggest that market power may affect not only the level of innovation but also the propensity to rely on patent protection.…”

Section: Introductionmentioning

confidence: 66%

“…Moreover, one would expect guilds facing high information leakages to be more likely to adopt clauses to restrict entry, which would generate a positive rather than a negative correlation between patenting and Strong internal regulation. 16 Second, the 1474 patent act may have been introduced as a response to technology shocks affecting guilds without strong statutes, or as a political move to curb the power of stronger guilds. There are two reasons why we think this is unlikely.…”

Section: Instrumenting Guild's Regulation Strengthmentioning

confidence: 99%

The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System

Comino¹,

Galasso²,

Graziano³

2017

View full text Add to dashboard Cite

What factors affect the diffusion of new economic institutions? This paper examines this question exploiting the introduction of the first regularized patent system which appeared in the Venetian Republic in 1474. We begin by developing a model which links patenting activity of craft guilds with provisions in their statutes. The model predicts that guild statutes that are more effective at preventing outsider's entry and at mitigating price competition lead to less patenting. We test this prediction on a new dataset which combines detailed information on craft guilds and patents in the Venetian Republic during the Renaissance. We find a negative association between patenting activity and guild statutory norms which strongly restrict entry and price competition. We show that guilds which originated from medieval religious confraternities were more likely to regulate entry and competition, and that the effect on patenting is robust to instrumenting guild statutes with their quasi-exogenous religious origin. We also find that patenting was more widespread among guilds geographically distant from Venice, and among guilds in cities with lower political connection which we measure exploiting a new database on noble families and their marriages with members of the great council. Our analysis suggests that local economic and political conditions may have a substantial impact on the diffusion of new economic institutions. 1 We thank Dan Trefler, Kevin Bryan, Hugo Hopenhayn, Nicola Lacetera, Hong Luo, Petra Moser, and Michel Serafinelli for helpful comments. We thank seminar participants at CESifo in Munich, the International IO Conference in Boston, the University of Trieste, and the University of Toronto. We are indebted to Roberto Berveglieri for numerous discussions about the Venetian patent systems, and to Giovanni Caniato, Michael Knapton, Luca Molà, Lavinia Parziale, Luciano Pezzolo, and Andrea Zannini for providing insightful details on the Venetian Republic and its guild system. AbstractWhat factors affect the diffusion of new economic institutions? This paper examines this question exploiting the introduction of the first regularized patent system which appeared in the Venetian Republic in 1474. We begin by developing a model which links patenting activity of craft guilds with provisions in their statutes. The model predicts that guild statutes that are more effective at preventing outsider's entry and at mitigating price competition lead to less patenting. We test this prediction on a new dataset which combines detailed information on craft guilds and patents in the Venetian Republic during the Renaissance. We find a negative association between patenting activity and guild statutory norms which strongly restrict entry and price competition. We show that guilds which originated from medieval religious confraternities were more likely to regulate entry and competition, and that the effect on patenting is robust to instrumenting guild statutes with their quasi-exogenous religious origin. We also find tha...

show abstract

Fifty Years of Empirical Studies of Innovative Activity and Performance

Cited by 846 publications

References 281 publications

Investigating the effects of ICT on innovation and performance of European hospitals: an exploratory study

Investigating the effects of ICT on innovation and performance of European hospitals: an exploratory study

Is small beautiful? Size effects of volatility spillovers for firm performance and exchange rates in tourism

The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System

Contact Info

Product

Resources

About