Corporate Science, Innovation, and Firm Value

@article{Simeth2016CorporateSI,
  title={Corporate Science, Innovation, and Firm Value},
  author={Markus Simeth and Michele Cincera},
  journal={Management Science},
  year={2016},
  volume={62},
  pages={1970-1981}
}
It can be observed that many R&D performing firms produce scientific knowledge and disclose research outcomes in scientific journals. At the micro-level, prior work identified several potential benefits of such a strategy like superior access to informal information networks or the opportunity of recruiting the best PhD graduates. However, scientific research is costly and subject to considerable uncertainty with respect to the outcomes, and the disclosure may lead to spillover effects that… CONTINUE READING
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