Scientific linkages and firm productivity: Panel data evidence from Taiwanese electronics firms

Jong Rong Chen; Kamhon Kan; I. Hsuan Tung

doi:10.1016/j.respol.2016.03.023

Scientific linkages and firm productivity: Panel data evidence from Taiwanese electronics firms

Jong Rong Chen, Kamhon Kan, I. Hsuan Tung

Graduate Institute of Human Resource Management

Research output: Contribution to journal › Article › peer-review

19 Scopus citations

Abstract

Using a panel of electronics firms listed on the Taiwan Stock Exchange, this paper explores the spillover of scientific research to the private sector by looking at the impact of the intensity a patents backward citation of scientific publications relative to citation of other patents on the patent-owning firms productivity. To identify the causal effect, we use measures of a firms financial constraints as instrumental variables to account for the potential endogeneity of scientific citation intensity of a patent. The empirical results suggest that the citation of scientific publications by a patent has a strong and positive effect on the patent-owning firms productivity.

Original language	English
Pages (from-to)	1449-1459
Number of pages	11
Journal	Research Policy
Volume	45
Issue number	7
DOIs	https://doi.org/10.1016/j.respol.2016.03.023
State	Published - 1 Sep 2016

Keywords

JEL classification O34
O31
O47

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10.1016/j.respol.2016.03.023

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abstract = "Using a panel of electronics firms listed on the Taiwan Stock Exchange, this paper explores the spillover of scientific research to the private sector by looking at the impact of the intensity a patents backward citation of scientific publications relative to citation of other patents on the patent-owning firms productivity. To identify the causal effect, we use measures of a firms financial constraints as instrumental variables to account for the potential endogeneity of scientific citation intensity of a patent. The empirical results suggest that the citation of scientific publications by a patent has a strong and positive effect on the patent-owning firms productivity.",

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note = "Funding Information: We would like to thank the editor Professor Keun Lee and two anonymous referees for constructive comments and suggestions. Partial financial support by the Ministry of Science and Technology of Taiwan to Kamhon Kan through grant 102-2410-H-001-002-MY3 and to Jong-Rong Chen through grant 103-2410-H-008-007-MY2 is gratefully acknowledged. ",

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T1 - Scientific linkages and firm productivity

T2 - Panel data evidence from Taiwanese electronics firms

AU - Chen, Jong Rong

AU - Kan, Kamhon

AU - Tung, I. Hsuan

N1 - Funding Information: We would like to thank the editor Professor Keun Lee and two anonymous referees for constructive comments and suggestions. Partial financial support by the Ministry of Science and Technology of Taiwan to Kamhon Kan through grant 102-2410-H-001-002-MY3 and to Jong-Rong Chen through grant 103-2410-H-008-007-MY2 is gratefully acknowledged.

PY - 2016/9/1

Y1 - 2016/9/1

N2 - Using a panel of electronics firms listed on the Taiwan Stock Exchange, this paper explores the spillover of scientific research to the private sector by looking at the impact of the intensity a patents backward citation of scientific publications relative to citation of other patents on the patent-owning firms productivity. To identify the causal effect, we use measures of a firms financial constraints as instrumental variables to account for the potential endogeneity of scientific citation intensity of a patent. The empirical results suggest that the citation of scientific publications by a patent has a strong and positive effect on the patent-owning firms productivity.

AB - Using a panel of electronics firms listed on the Taiwan Stock Exchange, this paper explores the spillover of scientific research to the private sector by looking at the impact of the intensity a patents backward citation of scientific publications relative to citation of other patents on the patent-owning firms productivity. To identify the causal effect, we use measures of a firms financial constraints as instrumental variables to account for the potential endogeneity of scientific citation intensity of a patent. The empirical results suggest that the citation of scientific publications by a patent has a strong and positive effect on the patent-owning firms productivity.

KW - JEL classification O34

KW - O31

KW - O47

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DO - 10.1016/j.respol.2016.03.023

M3 - 期刊論文

AN - SCOPUS:84979723770

SN - 0048-7333

VL - 45

SP - 1449

EP - 1459

JO - Research Policy

JF - Research Policy

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ER -

Scientific linkages and firm productivity: Panel data evidence from Taiwanese electronics firms

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Keywords

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