Inventors and Firm Innovation: Evidence from the U.S. World War I Draft
Event details
| Date | 28.09.2020 |
| Hour | 17:00 |
| Speaker | Chungeun Yoon (University of Notre Dame) |
| Location |
Zoom
|
| Category | Conferences - Seminars |
Chungeun Yoon (University of Notre Dame)
"Inventors and Firm Innovation: Evidence from the U.S. World War I Draft"
Discussant: Barbara Biasi (Yale School of Management)
Abstract
I investigate the impact of individual inventors on a firm’s innovation activity using the WWI draft as an exogenous shock to the labor supply of inventors. I find that the loss of inventors working with a firm decreases the firm’s inventions, the loss of other inventors in the same geographical location does not affect the firm’s inventions, and the loss of inventors in the same industry increases the firm’s inventions. Industry-level data indicates that the loss of inventors attracts new inventors and firms to the industry. New ideas and generations are generated, given a vacancy in the space of ideas.
Keywords: Inventor, firm innovation, WWI
EPFL Virtual Innovation Seminar
EVIS is a bi-weekly virtual seminar series focusing on Science, Technology and Innovation topics studied through the lens of Economics, Entrepreneurship, Strategy and Finance.
"Inventors and Firm Innovation: Evidence from the U.S. World War I Draft"
Discussant: Barbara Biasi (Yale School of Management)
Abstract
I investigate the impact of individual inventors on a firm’s innovation activity using the WWI draft as an exogenous shock to the labor supply of inventors. I find that the loss of inventors working with a firm decreases the firm’s inventions, the loss of other inventors in the same geographical location does not affect the firm’s inventions, and the loss of inventors in the same industry increases the firm’s inventions. Industry-level data indicates that the loss of inventors attracts new inventors and firms to the industry. New ideas and generations are generated, given a vacancy in the space of ideas.
Keywords: Inventor, firm innovation, WWI
EPFL Virtual Innovation Seminar
EVIS is a bi-weekly virtual seminar series focusing on Science, Technology and Innovation topics studied through the lens of Economics, Entrepreneurship, Strategy and Finance.
Practical information
- General public
- Free