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

Jong-Rong Chen (), Kamhon Kan () and I-Hsuan Tung

Research Policy, 2016, vol. 45, issue 7, 1449-1459

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.

Keywords: Patent citation; Scientific discoveries; R&D spillover; Productivity (search for similar items in EconPapers)
JEL-codes: O31 O34 O47 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:45:y:2016:i:7:p:1449-1459

DOI: 10.1016/j.respol.2016.03.023

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