Chapter 7 develops a new method of quantifying the R&D investments by country of the inventive activity by relying on patent information with respect to location of a firm’s inventors. Whilst the R&D is becoming increasingly globalized, firm-level data capture R&D investments irrespective of the location. For the top European and US patenting firms, that conduct about eighty percent of the national intramural R&D, all inventors and their locations at the time of the invention have been identified. This measurement approach of the firm's inventor workforce allows to advance market value regressions based on the Tobin's q equation against the geographical distribution of a firm’s inventive activities across countries. Then, the consistency of the valuation of R&D investment by location is assessed using the production function framework.
Inventor Location and the Globalization of R&D
Thoma, Grid
;
2018-01-01
Abstract
Chapter 7 develops a new method of quantifying the R&D investments by country of the inventive activity by relying on patent information with respect to location of a firm’s inventors. Whilst the R&D is becoming increasingly globalized, firm-level data capture R&D investments irrespective of the location. For the top European and US patenting firms, that conduct about eighty percent of the national intramural R&D, all inventors and their locations at the time of the invention have been identified. This measurement approach of the firm's inventor workforce allows to advance market value regressions based on the Tobin's q equation against the geographical distribution of a firm’s inventive activities across countries. Then, the consistency of the valuation of R&D investment by location is assessed using the production function framework.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
