Unbundling Technology Adoption and tfp at the Firm Level: Do Intangibles Matter?

Michele Battisti, Filippo Belloc () and Massimo Del Gatto

Journal of Economics & Management Strategy, 2015, vol. 24, issue 2, 390-414

Abstract: We use a panel of European firms to investigate the relationship between intangible assets and productivity. We distinguish between total factor productivity (tfp) and technology adoption, whereas standard estimations consider only a notion of productivity that conflates the two effects. Although we are unable to address simultaneity, we allow for the existence of multiple technologies within sectors through a mixture model approach. We find that intangible assets have nonnegligible effects that both push firms toward better technologies (technology adoption effects) and allow for more efficient exploitation of a given technology (tfp effects).

Date: 2015
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Citations: View citations in EconPapers (36)

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https://doi.org/10.1111/jems.12094

Related works:
Working Paper: Unbundling Technology Adoption and tfp at the Firm Level. Do Intangibles Matter? (2012)
Working Paper: Unbundling technology adoption and tfp at the firm level. Do intangibles matter? (2012)
Working Paper: Unbundling Technology Adoption and tfp at the Firm Level. Do Intangibles Matter? (2012)
Working Paper: Unbundling Technology Adoption and TFP at the Firm Level. Do Intangibles Matter? (2012)
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