The Value of Innovation: The Interaction of Competition, R&D; and IP.
This paper analyses market valuations of UK companies using a new data set of their R&D; and IP activities (1989-1999). In contrast to previous studies, the analysis is conducted at the sector level, where the sectors are based on the technological classification in Pavitt (1984). The first main result is that the valuation of R&D; and IP varies substantially across these sectors. To explore these variations the paper links competitive conditions with the market valuation of innovatio...Expand abstract
- Discussion paper series
- Publication date:
- Local pid:
- Copyright date:
Views and Downloads
If you are the owner of this record, you can report an update to it here: Report update to this record