Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/24047 
Erscheinungsjahr: 
2004
Schriftenreihe/Nr.: 
ZEW Discussion Papers No. 04-38
Verlag: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Zusammenfassung: 
Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies? profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on profitability. The data base is a representative sample of German manufacturing firms and we use a number of control variables including measures of competition and firm leadership. It turns out that the patent stock has a strong and robust effect on profitability.
Schlagwörter: 
Innovation
Patents
Profitability
Discrete Regression Models
JEL: 
C25
L11
O31
O32
Dokumentart: 
Working Paper

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