We develop a new method to measure the importance of a patent for subsequent innovation, based on the use of a Large Language Model to process patent text data and a new model of the innovation process. We apply…
In einer Zeit bahnbrechender Veränderungen und technologischer Revolutionen ist es für Deutschland von großer Bedeutung, innovativ zu bleiben und zukunftsfähige Geschäftsmodelle zu etablieren. Eine Kernfrage…
When firms are forced to publicly disclose financial information, credit rating agencies are generally expected to improve their risk assessments. Theory predicts such an information quality effect but also…
Public financial support for firm-level Research and Innovation (R&I) can generate important socio-economic returns. This is especially true if firms use this support to develop radical innovation, defined as…
The COVID-19 pandemic exogenously hit many economies early 2020. Exploiting treatment heterogeneity, we use a conditional difference-in-differences design to causally identify how COVID-19 impacted firms'…
Because judges exercise discretion in how they handle and decide cases, heterogeneity across judges can affect case outcomes and, thus, preferences among litigants for particular judges. However, selection…
