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

Jong Rong Chen, Kamhon Kan, I. Hsuan Tung

Research output: Contribution to journalArticlepeer-review

12 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 languageEnglish
Pages (from-to)1449-1459
Number of pages11
JournalResearch Policy
Volume45
Issue number7
DOIs
StatePublished - 1 Sep 2016

Keywords

  • JEL classification O34
  • O31
  • O47

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