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- handle: 10670/1.nznnph
- halshs: halshs-01883564
- doi: 10.1257/pandp.20181108
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info:eu-repo/semantics/altIdentifier/doi/10.1257/pandp.20181108
Mots-clés
D - Microeconomics/D.D2 - Production and Organizations G - Financial Economics/G.G3 - Corporate Finance and Governance/G.G3.G32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior/L.L2.L25 - Firm Performance: Size, Diversification, and Scope L - Industrial Organization/L.L2 - Firm Objectives, Organization, and Behavior/L.L2.L26 - Entrepreneurship O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O31 - Innovation and Invention: Processes and Incentives O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights/O.O3.O34 - Intellectual Property and Intellectual CapitalSujets proches
Technological change Breakthroughs, Technological Innovations, Industrial Technological breakthroughs Technical innovations Innovations, TechnologicalCiter ce document
Philippe Aghion et al., « On the Returns to Invention within Firms: Evidence from Finland », HAL-SHS : économie et finance, ID : 10.1257/pandp.20181108
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Résumé
In this paper we merge individual income data, firm-level data, patenting data, and IQ data in Finland over the period 1988–2012 to analyze the returns to invention for inventors and their coworkers or stakeholders within the same firm. We find that: (i) inventors collect only 8 percent of the total private return from invention; (ii) entrepreneurs get over 44 percent of the total gains; (iii) bluecollar workers get about 26 percent of the gains and the rest goes to white-collar workers. Moreover, entrepreneurs start with significant negative returns prior to the patent application, but their returns subsequently become highly positive.