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Innovation: The Bright Side of Common Ownership?

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NBER2024-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32192
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资源简介:
Firms have inefficiently low incentives to innovate when other firms benefit from their inventions and the innovating firm therefore does not capture the full surplus of its innovations. We show that common ownership of firms mitigates this impediment to corporate innovation. By contrast, without
提供机构:
美国国家经济研究局
创建时间:
2024-03-01
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