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

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  • Chen, Jong-Rong
  • Kan, Kamhon
  • Tung, I-Hsuan

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.

Suggested Citation

  • Chen, Jong-Rong & Kan, Kamhon & Tung, I-Hsuan, 2016. "Scientific linkages and firm productivity: Panel data evidence from Taiwanese electronics firms," Research Policy, Elsevier, vol. 45(7), pages 1449-1459.
    • Handle: RePEc:eee:respol:v:45:y:2016:i:7:p:1449-1459
    DOI: 10.1016/j.respol.2016.03.023
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    4. Chen, Zhuo & Yang, Zhenbing & Yang, Lili, 2020. "How to optimize the allocation of research resources? An empirical study based on output and substitution elasticities of universities in Chinese provincial level," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
    5. Gnekpe, Christian & Coeurderoy, Regis & Mulotte, Louis, 2023. "How a firm's knowledge base influences its external technology sourcing strategy : The case of biopharmaceutical firms," Other publications TiSEM 8f11908f-00fd-4ab3-b93f-d, Tilburg University, School of Economics and Management.
    6. Natália Barbosa & Ana Paula Faria, 2023. "Science and productivity in European Firms: How do regional innovation modes matter?," GEE Papers 0175, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Jul 2023.
    7. Zhou, Wei & Gu, Ruitao & Lu, Shuai, 2020. "Penetrating the real performance of SSE STAR enterprises: A double-market investigation," Finance Research Letters, Elsevier, vol. 37(C).
    8. Chen, Sheng-Syan & Chen, Yan-Shing & Liang, Woan-lih & Wang, Yanzhi, 2020. "Public R&D spending and cross-sectional stock returns," Research Policy, Elsevier, vol. 49(1).
    9. Jun-You Lin & Chih-Hai Yang, 2020. "Heterogeneity in industry–university R&D collaboration and firm innovative performance," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(1), pages 1-25, July.
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    More about this item

    Keywords

    Patent citation; Scientific discoveries; R&D spillover; Productivity;
    All these keywords.

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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