Changing of the guard: Structural change and corporate science in the semiconductor industry

Maikel Pellens and Antonio Della Malva

No 16-050, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This article documents a structural change in the production of science in the U.S. semiconductor industry over almost three decades. We observe a change in scientific productivity over time, where smaller firms publish more articles per dollar in R&D. Moreover, our results show a positive relationship between the value of intangibles and scientific publications, driven by basic research results. These effects are especially strong among Fabless 'design' firms and among firms in the post-PC era of semiconductor manufacturing, in line with a premium for smaller firms which invest in science in times of structural technological change.

Keywords: corporate science; basic science; firm value; semiconductors (search for similar items in EconPapers)
JEL-codes: O31 O33 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-eff, nep-ino and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:16050

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