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

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  • Chen, Jong-Rong
  • Kan, Kamhon
  • Tung, I-Hsuan

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 patent⬢s backward citation of scientific publications relative to citation of other patents on the patent-owning firm⬢s productivity. To identify the causal effect, we use measures of a firm⬢s 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 firm⬢s productivity.

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  • Chen, Jong-Rong & Kan, Kamhon & Tung, I-Hsuan, 2016. "Scientific linkages and firm productivity: Panel data evidence from Taiwanese electronics firms," Research Policy, Elsevier, vol. 45(7), pages 1449-1459.
    • Handle: RePEc:eee:respol:v:45:y:2016:i:7:p:1449-1459
    DOI: 10.1016/j.respol.2016.03.023
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    2. Chen, Zhuo & Yang, Zhenbing & Yang, Lili, 2020. "How to optimize the allocation of research resources? An empirical study based on output and substitution elasticities of universities in Chinese provincial level," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
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    5. Jun-You Lin & Chih-Hai Yang, 2020. "Heterogeneity in industry–university R&D collaboration and firm innovative performance," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(1), pages 1-25, July.
    6. Tsinopoulos, Christos & Yan, Ji & Sousa, Carlos M.P., 2019. "Abandoning innovation activities and performance: The moderating role of openness," Research Policy, Elsevier, vol. 48(6), pages 1399-1411.
    7. Barge-Gil, Andrés & Vivas-Augier, Carlos, 2019. "Does Cooperation with Universities and KIBS Matter? Firm-level Evidence from Spain," MPRA Paper 96949, University Library of Munich, Germany.
    8. Basse Mama, Houdou, 2018. "Nonlinear capital market payoffs to science-led innovation," Research Policy, Elsevier, vol. 47(6), pages 1084-1095.
    9. Natália Barbosa & Ana Paula Faria, 2023. "Science and productivity in European Firms: How do regional innovation modes matter?," GEE Papers 0175, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jul 2023.
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    More about this item

    Keywords

    Patent citation; Scientific discoveries; R&D spillover; Productivity;
    All these keywords.

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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