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PRODID:-//Memento EPFL//
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SUMMARY:Seminar by Prof. Adam Jaffe\, MOTU
DTSTART:20160915T120000
DTEND:20160915T133000
DTSTAMP:20260509T215504Z
UID:ea0cabb083d7cc6593a3c51df1306676c9eca409da261c133f3f542d
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Adam Jaffe\, MOTU\n"Intangible Investment and Firm Perfo
 rmance"\n\nAbstract\n\nWe combine survey and administrative data for about
  13\,000 firms from 2005 to 2013 to study the inter-relationships among fi
 rm characteristics\, intangible investment and firm performance. We find t
 hat firm size is associated with higher intangible investment\, while firm
  age\, very low competition (‘captive market’) and very high competiti
 on (‘many competitors\, none dominant’) are associated with lower inta
 ngible investment. Relating intangible investment to subsequent firm perfo
 rmance\, we find that higher investment is associated with higher labour a
 nd capital input and higher revenue\, relative to what would otherwise hav
 e been predicted. We also find that higher investment is associated with h
 igher firm-reported employee and customer satisfaction\, but is not associ
 ated with higher productivity or profitability. While we cannot estimate a
  causal model\, the evidence suggests that intangible investment is associ
 ated with firm strategies related to growth and possibly to ‘soft’ per
 formance objectives\, but not to productivity or profitability.\n
LOCATION:EPFL\, ODY 4.03\, VIP Room http://plan.epfl.ch/?zoom=19&recenter_
 y=5863800.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,label
 s\,information\,parkings_publics\,arrets_metro\,transports_publics&floor=4
 &q=ODY_4.03
STATUS:CONFIRMED
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