The value of innovation: the interaction of competition, R&D and IP
This paper analyses market valuations of UK companies using a new data set of their R&D and IP activities (1989-1999). In contrast to previous studies, the analysis is conducted at the sector level, where the sectors are based on the technological classification in Pavitt (1984). The first m...
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| Format: | Working paper |
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University of Oxford
2004
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