The Role of Human Capital: Evidence From Patent Generation

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dc.contributor.authorLiu, Tong
dc.contributor.authorMao, Yifei
dc.contributor.authorTian, Xuan
dc.date.accessioned2020-09-11T13:49:25Z
dc.date.available2020-09-11T13:49:25Z
dc.date.issued2017-05-01
dc.description.abstractFirms exhibit persistence in innovation output. This paper focuses on the role played by individual inventors. Compared to firm organizational capital, human capital embedded in inventors explains a majority of the variation in innovation performance but much less in innovation style. Inventors contribute more when they are better networked, in firms with higher inventor mobility, and in industries in which innovation is more difficult. Additional tests suggest that our main findings are unlikely driven by inventors’ endogenous moving. This paper highlights the importance of human capital in enhancing firm innovation and sheds new light on the theory of the firm.
dc.description.legacydownloadsMao7_The_role.pdf: 309 downloads, before Aug. 1, 2020.
dc.identifier.other11378075
dc.identifier.urihttps://hdl.handle.net/1813/71363
dc.language.isoen_US
dc.rightsRequired Publisher Statement: Copyright held by the authors.
dc.subjecthuman capital
dc.subjectorganizational capital
dc.subjectinventors
dc.subjectinnovation persistence
dc.subjectJEL G30
dc.subjectJEL G32
dc.subjectJEL O32
dc.titleThe Role of Human Capital: Evidence From Patent Generation
dc.typepreprint
local.authorAffiliationLiu, Tong: University of Pennsylvania
local.authorAffiliationMao, Yifei: ym355@cornell.edu Cornell University School of Hotel Administration
local.authorAffiliationTian, Xuan: Tsinghua University
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