Venture capital (VC) is often seen as an instrumental tool that allows many start-ups to pursue innovation with the potential to shake-up current markets and/or to replace incumbents. Using a highly granular, project-level dataset from preclinical diabetes R&D, this paper shows that VCs actively steer the direction of R&D and streamline activities of research focused firms (pipeline firms)...
The tremendous growth of digital transactions – mainly through online platforms - is profoundly affecting the way we interact and opening vast opportunities to improve our lives. Consumers are benefiting from an unprecedented proliferation of new services and products that previously were too costly to be developed and marketed to customers. At the same time, the characteristics of platform...
Mit Patentdaten der weltweit forschungsstärksten Unternehmen lassen sich Informationen über die regionale und technologische Verteilung ihrer Forschungsaktivitäten generieren. Daraus ergeben sich Anhaltspunkte zu den Motiven der Internationalisierung. Unternehmen betreiben Forschung und Entwicklung im Ausland überwiegend in technologischen Feldern, wo sie bereits stark sind und der ausländische Standort ...
An increasing body of empirical evidence is documenting trends toward rising concentration, profits, and markups in many industries around the world since the 1980s. Two major criticisms of these studies is that concentration and market shares are poorly measured at the national industry level while firm level revenues are a poor indicator of product sales. We use a novel database that identifies over ...