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SUMMARY:Séminaire par Prof. Salomé Baslandze\, Einaudi Institute for Eco
 nomics and Finance
DTSTART:20180502T120000
DTEND:20180502T133000
DTSTAMP:20260405T164523Z
UID:ca528fcb60ee171f70303d36f442fda8ec60e77a25bd4002ef872aa8
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Salomé Baslandze\, Einaudi Institute for Economics and 
 Finance\n"Patents to Products: Innovation and Firm Performance"\n\nRésum
 é\nWhat do standard patent-based innovation measures capture? Using the u
 nique match of firms' patenting activities and their product introduction 
 in the consumer goods sector\, we study the relationship between patents a
 nd innovation. Our current results indicate that at both the extensive mar
 gin and the intensive margin\, patents (and citations-adjusted patents) ar
 e strongly associated with higher product introduction as well as product 
 destruction and hence larger reallocation at the firm level. We provide ad
 ditional evidence that this association is at least partly causal. Firms t
 hat are patenting also introduce products of higher quality\, enjoy larger
  sales and hold more diverse set of products. We try to disentangle the ef
 fect of patents on product versus process innovation – a distinction tha
 t has been hard to make from standard data sources. We find that the effec
 t of patenting on product creation is larger for smaller firms\, while the
  process innovation seems more pronounced in larger firms. Lastly\, we con
 duct a textual analysis of product descriptions and patent documents in or
 der to shed more light on the exact transmission of innovation embedded in
  patents into the creation of specific products.
LOCATION:ODY 4 03 https://plan.epfl.ch/?room==ODY%204%2003
STATUS:CONFIRMED
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