Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/61392
Title: Evidence on the role of ownership structure on firms' innovative performance
Author: Ortega-Argilés, Raquel
Moreno Serrano, Rosina
Keywords: Recerca industrial
Patents d'invenció
Integració econòmica
Contractació externa
Industrial research
Patents
Economic integration
Contracting out
Issue Date: 2009
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Abstract: Based on the Knowledge Production Function framework given by Griliches -1979-, we slightly modify it so that the innovative output depends upon a set of factors related to the firm internal characteristics and are influenced by the environment. Specifically, regarding the firm internal determinants the effect of the concentration of the ownership, the composition of the boards of directors and the effect of the nature of the ownership (foreign and public) are analyzed. Additionally, in order to capture the determinants of the environment in which the firm operates other variables concerning the internationalization of market, the agglomeration economies and the regional knowledge externalities are also considered. In order to assess the impact of these determinants on the number of patents and models of use awarded by the firm, the discreteness of the latter variable has to be taken into account. We apply Poisson and Negative Binomial models for a more comprehensive evaluation of the hypothesis in a panel of Spanish manufacturing firms. The results show patenting activity is positively favoured by being located in an environment with a high innovative activity, due to the existence of knowledge spillovers and agglomeration economies.
Note: Reproducció del document publicat a: http://www.ub.edu/irea/working_papers/2009/200909.pdf
It is part of: IREA – Working Papers, 2009, IR09/009
URI: http://hdl.handle.net/2445/61392
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

Files in This Item:
File Description SizeFormat 
IR09-009_Ortega.pdf137.19 kBAdobe PDFView/Open


This item is licensed under a Creative Commons License Creative Commons