Changing of the guard : structural change and corporate science in the semiconductor industry


Pellens, Maikel ; Della Malva, Antonio


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URL: https://ub-madoc.bib.uni-mannheim.de/41382
URN: urn:nbn:de:bsz:180-madoc-413829
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: ZEW Discussion Papers
Volume: 16-050
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O31 , O33,
Keywords (English): Corporate science , basic science , firm value , semiconductors
Abstract: This article documents a structural change in the production of science in the U.S. semiconductor industry over almost three decades. We observe a change in scientific productivity over time, where smaller firms publish more articles per dollar in R&D. Moreover, our results show a positive relationship between the value of intangibles and scientific publications, driven by basic research results. These effects are especially strong among Fabless ‘design’ firms and among firms in the post-PC era of semiconductor manufacturing, in line with a premium for smaller firms which invest in science in times of structural technological change.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Pellens, Maikel ; Della Malva, Antonio (2016) Changing of the guard : structural change and corporate science in the semiconductor industry. Open Access ZEW Discussion Papers Mannheim 16-050 [Working paper]
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