scholarly journals The Relationship between Intellectual Property Risk and Stability of Asymmetric Research and Development Alliance

Complexity ◽  
2021 ◽  
Vol 2021 ◽  
pp. 1-12
Author(s):  
Jie Zhen ◽  
Zhuopin Guo ◽  
Yiying Qu ◽  
Hao Ren
Keyword(s):  
Intellectual Property ◽  
Research And Development ◽  
High Tech ◽  
Investment Risk ◽  
Governance Mechanism ◽  
Governance Mechanisms ◽  
Property Loss ◽  
The Stability ◽  
The Impact ◽  
The Relationship

Small- and medium-sized enterprises (SMEs) establish asymmetric research and development (R&D) alliance with core enterprises to improve innovation efficiency. Unfortunately, the gap in the status and bargaining power between enterprises in such partnerships makes the intellectual property risk situation complicated. While gaining support and assistance from core enterprises, SMEs face the risk of exposing their core knowledge and key resources, which seriously affects the stability of R&D alliance and the sustainability of cooperative innovation. How to protect the intellectual property rights of SMEs in the asymmetric R&D alliance and improve the alliance’s stability is an urgent problem to be solved. Based on the theory of resource dependence and transaction cost, this study uses 260 high-tech companies participating in the asymmetric R&D alliance as a sample to conduct empirical research from the perspective of SMEs in a weak position. The purpose of this study is to sort out the types of intellectual property risks in the alliance and clarify the relationship between them and the stability of asymmetric R&D alliance. Furthermore, this study examines the moderating effects of contract governance mechanisms and relational contracts to explore effective governance mechanisms at the alliance level. Empirical results show that the intellectual property investment risk and the intellectual property loss risk have a significant negative impact on the stability of asymmetric R&D alliance. The contract governance mechanism negatively moderates the impact of intellectual property investment risk on the stability of the asymmetric R&D alliance. The relationship governance mechanism negatively moderates the impact of intellectual property loss risk on the stability of the asymmetric R&D alliance. The contract and relationship governance mechanism jointly negatively moderate the impact of intellectual property investment risk and loss risk on the stability of the asymmetric R&D alliance.

scholarly journals The impact of research and development activity on the TFP level in manufacturing in Poland

Equilibrium ◽  
2019 ◽  
Vol 14 (4) ◽  
pp. 711-737 ◽  
Author(s):  
Elżbieta Roszko-Wójtowicz ◽  
Maria M. Grzelak ◽  
Iwona Laskowska
Keyword(s):  
Research And Development ◽  
Total Factor Productivity ◽  
Manufacturing Industry ◽  
Value Added ◽  
High Tech ◽  
Factor Productivity ◽  
Development Activity ◽  
Manufacturing Enterprises ◽  
The Impact ◽  
The Relationship

Research background: The paper presents the issue of total factor productivity in the manufacturing industry in Poland. It has been assumed that total factor productivity (TFP) is a synthetic measure of efficiency of the production process and a measure of the impact of technical progress on the rate of economic growth. Purpose of the article: The main aim of the paper is to assess the differentiation in the level of total factor productivity (TFP) occurring among the Section C manufacturing divisions in Poland. In particular, the paper raises the issue of measuring and analysing the relationship between expenditure on research and development and the level of TFP in manufacturing divisions in Poland. Methods: In the presented research, the TFP level was determined by using the two-factor Cobb-Douglas production function, while econometric panel models were used to assess the studied relationship. Findings & Value added: The presented considerations show that manufacturing divisions in Poland are diversified in terms of total factor productivity. Generally, manufacturing divisions with high R&D intensity, i.e. divisions classified as so-called high-tech ones, are characterised by a high TFP level. The econometric analysis carried out allows us to conclude that expenditure on R&D incurred in manufacturing enterprises significantly affects the level of TFP.

scholarly journals Political Instability and Growth: Case of the Developing Countries

2013 ◽  
Vol 2 (1) ◽  
pp. 19
Author(s):  
Said JAOUADI ◽  
Lamia ARFAOUI ◽  
Azza ZIEDI
Keyword(s):  
Developing Countries ◽  
Empirical Investigation ◽  
Political Instability ◽  
Political Environment ◽  
Huge Number ◽  
Effective Governance ◽  
The Social ◽  
The Stability ◽  
The Impact ◽  
The Relationship

The paper attempted to examine the causal relationship between political instability and growth. Currently, the world continues to record huge number of popular revolutions in the region MENA, to improve the social environment and to consolidate implementing an effective governance. Although, the uprising has harmed the financial and economic situation in these countries, and became a threat for the stability of the countries, in overall.The manuscript accounts for the impact of political instability on the growth of the developing countries, in the shadow of the widespread of the revolutions since 2011. The paper attempted to illuminate the reality of the relationship between political environment and growth through the estimation of panel, comprising 69 developing countries 1985-2012.In the current paper, the authors conducted an empirical investigation, in which we bore out the claims raised in many surveys and the conclusions drawn by several authors about the harmful impact of political instability on the fundamental bases of the economy, in countries recording political instability.

scholarly journals Environmental and psychological research on sandpits as children's play equipment, children's play, and the importance of sandpits in children's development and cultural creation

Impact ◽  
2021 ◽  
Vol 2021 (4) ◽  
pp. 16-18
Author(s):  
Hiroyuki Kasama
Keyword(s):  
19Th Century ◽  
Growth And Development ◽  
Psychological Research ◽  
High Tech ◽  
Women's College ◽  
Children's Play ◽  
Developmental Growth ◽  
Children’S Play ◽  
The Impact ◽  
The Relationship

Sandpits are commonly found in playgrounds but in a world full of high-tech entertainment is their role in the developmental growth of young children undervalued? Professor Hiroyuki Kasama, Doshisha Women's College, Japan, is exploring the impact of sandpits on children, including the role they can play in deepening the relationship between parent and child. Sandpits first came about in Europe in the mid-19th century but have recently become unfavourable to many parents who consider them to be 'dirty' play. However, playing with sand yields important benefits, including the use of natural materials and the fact it provides a valuable sensory experience that enables children to build on emotional, social and athletic skills. Kasama is investigating the important potential of sandpits as well as working on childcare and education programmes that use sandpits for learning. Kasama is keen to improve the sandpit environment by standardising the type of sand used in order to make play more effective and observing the suitability of the sand by observing children's play and the reactions of their caregivers. Kasama and the team have also supervised the installation of indoor sandpits that can be used year-round. Ultimately, by clarifying the significance and necessity of playing with sand and discovering its potential, Kasama is aiming to provide children with effective environments that promote growth and development.

Corporate governance and risk in cross-listed and Canadian only companies

2019 ◽  
Vol 57 (10) ◽  
pp. 2740-2757 ◽  
Author(s):  
Atreya Chakraborty ◽  
Lucia Gao ◽  
Shahbaz Sheikh
Keyword(s):  
Corporate Governance ◽  
Differential Effect ◽  
Composite Index ◽  
Governance Mechanism ◽  
Firm Risk ◽  
Governance Mechanisms ◽  
Content Type ◽  
Listed Firms ◽  
Corporate Governance Mechanisms ◽  
The Impact

Purpose The purpose of this paper is to investigate if there is a differential effect of corporate governance mechanisms on firm risk in Canadian companies cross-listed on US markets and Canadian companies not cross-listed (Canadian only companies). Design/methodology/approach Using a sample comprised of all Canadian companies included in the S&P/TSX Composite Index for the period 2009–2014, this study applies OLS and fixed effect regressions to investigate the effect of corporate governance mechanisms on firm risk. Interaction variables between governance mechanisms and the cross-listing status are used to examine if this effect is different for cross-listed firms. Findings Results indicate that the effect of board characteristics such as size, independence and proportion of female directors remains the same in both cross-listed and not cross-listed firms. CEO duality and insider equity ownership impact firm risk only in cross-listed companies, while institutional shareholdings, environmental, social and governance disclosure and family control affect firm risk in Canadian only firms. Overall, the empirical results indicate that some governance mechanisms impact firm risk only in firms that cross-list, while others are well-suited for Canadian only firms. Practical implications This study suggests that some of the differences between Canadian companies that cross-list and the Canadian companies that do not cross-list in US stock markets may change the impact of governance mechanisms on firm risk. Therefore, these findings have important implications for the design of governance mechanisms in Canadian firms. Since some of these differences are common to other economies, the conclusions can be extended to companies in other countries with similar governance structures. Originality/value Although previous studies have investigated the effect of governance mechanism on firm risk, this is the first paper that studies the differential effect for companies that cross-list in US markets. Specifically, differences in the ownership structure, firm control and in the regulatory and institutional environment, may explain this differential effect. Unlike most of the previous studies that focus on the effect of individual governance mechanisms, this study uses several mechanisms and their interactions at the same time.

R&D Entities: Is Control Possible without Owning a Single Share of Stock?

2004 ◽  
Vol 19 (2) ◽  
pp. 239-247 ◽  
Author(s):  
Michael L. Davis
Keyword(s):  
Research And Development ◽  
Pharmaceutical Company ◽  
Financial Statements ◽  
Consolidated Financial Statements ◽  
The Impact ◽  
The Relationship ◽  
Fixed Period

This case addresses the accounting for the relationship between a pharmaceutical company and a research and development entity that it created and for which it raised operating funds via a limited private offering. After the offering, the pharmaceutical company does not own any of the R&D entity's stock. However, the stock is callable for a fixed period by the pharmaceutical company and the operating agreements between the two entities leave little room for the R&D company to make any substantive decisions on its own, or to direct its current and future operations. Most of the questions in the case deal with the issue of whether control exists, the impact of that answer on the consolidated financial statements, and the details and costs of calling the stock.

The Impact of Defense Investment on Economic Growth in the Perspective of Time Series

2014 ◽  
Vol 5 (4) ◽  
pp. 44-58
Author(s):  
Bin Pan ◽  
Shih-Yung Wei ◽  
Xuanhua Xu ◽  
Wei-Chiang Hong
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Private Investment ◽  
Investment Risk ◽  
Demand And Supply ◽  
Economic Growth Rate ◽  
Proposed Model ◽  
Endogenous Growth Model ◽  
The Impact ◽  
The Relationship

By considering the demand and supply effects of defense investment and the uncertainty of the stochastic process of the production and defense investment, this study proposes a stochastic endogenous growth model to explore the impact of defense investment on economic growth. The results suggest that the relationship between defense investment and economic growth rate is nonlinear and obtains the optimal percentage of defense investment to maximize economic growth. Moreover, the impact of defense investment volatility on economic growth rate is subject to production and defense investment interference term's covariance and representative private investment risk preference. Finally, the empirical data are used to illustrate the applicability of the proposed model.

scholarly journals Do alternative weighting approaches for an Index of Multiple Deprivation change the association with mortality? A sensitivity analysis from Germany

BMJ Open ◽  
2019 ◽  
Vol 9 (8) ◽  
pp. e028553 ◽  
Author(s):  
Florian Schederecker ◽  
Christoph Kurz ◽  
Jon Fairburn ◽  
Werner Maier
Keyword(s):  
Age Groups ◽  
Total Mortality ◽  
Premature Mortality ◽  
Area Deprivation ◽  
Multiple Deprivation ◽  
The Stability ◽  
Weighting Procedures ◽  
The Impact ◽  
The Relationship ◽  
Index Of Multiple Deprivation

ObjectivesThis study aimed to assess the impact of using different weighting procedures for the German Index of Multiple Deprivation (GIMD) investigating their link to mortality rates.Design and settingIn addition to the original (normative) weighting of the GIMD domains, four alternative weighting approaches were applied: equal weighting, linear regression, maximization algorithm and factor analysis. Correlation analyses to quantify the association between the differently weighted GIMD versions and mortality based on district-level official data from Germany in 2010 were applied (n=412 districts).Outcome measuresTotal mortality (all age groups) and premature mortality (<65 years).ResultsAll correlations of the GIMD versions with both total and premature mortality were highly significant (p<0.001). The comparison of these associations using Williams’s t-test for paired correlations showed significant differences, which proved to be small in respect to absolute values of Spearman’s rho (total mortality: between 0.535 and 0.615; premature mortality: between 0.699 and 0.832).ConclusionsThe association between area deprivation and mortality proved to be stable, regardless of different weighting of the GIMD domains. The theory-based weighting of the GIMD should be maintained, due to the stability of the GIMD scores and the relationship to mortality.

The Impact of Corporate Governance Mechanisms on the Relationship Between Cash Holdings and Audit Fees in Egyptian Listed Companies

2019 ◽  
Vol 9 (2) ◽  
pp. 314
Author(s):  
Eman Abdel-Wanis
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Panel Data Analysis ◽  
Cash Holdings ◽  
Audit Fees ◽  
Governance Mechanisms ◽  
Listed Firms ◽  
Corporate Governance Mechanisms ◽  
The Impact ◽  
The Relationship

This paper explores the impact of corporate governance mechanisms on the nature of the relationship between cash holdings and audit fees, which helps provide an opportunity to identify whether these mechanisms enable to mitigate agency problems, and thus lower audit fees through a sample of 78 Egyptian listed firms in EGX 100 during the period 2014-2016 using panel data analysis. Results indicated that cash holding increases auditing fees. The board characteristics affect negatively on the relationship between cash holdings and audit fees. Also, ownership structure affects negatively on the relationship between cash holdings and audit fees. As well audit committee affects negatively on the relationship between cash holdings and audit fees. There results support the view that corporate governance mitigate on the relationship between cash holdings and audit fees.

GROWTH INTENTIONS AND ACTUAL GROWTH: THE IMPACT OF ENTREPRENEURIAL CHOICE

1996 ◽  
Vol 04 (01) ◽  
pp. 1-17 ◽  
Author(s):  
LARS KOLVEREID ◽  
ERLEND BULLVAG
Keyword(s):  
Graduate School ◽  
Firm Growth ◽  
Longitudinal Design ◽  
Growth Patterns ◽  
Design Data ◽  
Actual Growth ◽  
Global Entrepreneurship ◽  
The Stability ◽  
The Impact ◽  
The Relationship

Acknowledgements: We would like to thank the Norwegian Royal Ministry of Industry and the Bodø Graduate School of Business for the financial support that made this research possible. We would also like to thank the Society of Associated Researchers in Entrepreneurship under whose auspices the data for this study was collected. An earlier version of this paper was presented at the 3rd Annual Global Entrepreneurship Conference, Lyon, France, March 1993. The present research investigated: (1) the relationship between entrepreneurs’ growth intentions and actual firm growth, (2) the stability of growth intentions, and (3) the relationship between changes in intentions and actual firm growth. Using a longitudinal design, data were collected from Norwegian entrepreneurs for 1990 and 1992. The results indicate that growth intentions may be used to predict actual growth, that past intentions are related to later intentions, and that changes in growth intentions are associated with changes in growth patterns.

INTELLECTUAL PROPERTY PROTECTION, ENTREPRENEURSHIP, AND ECONOMIC GROWTH

1996 ◽  
Vol 04 (03) ◽  
pp. 267-285
Author(s):  
FRANCIS W. RUSHING ◽  
MARK A. THOMPSON
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Research And Development ◽  
Technological Change ◽  
New Technologies ◽  
Intellectual Property Protection ◽  
Economic Literature ◽  
The Third ◽  
The Impact

This paper brings together the importance of intellectual property protection (IPP) and entrepreneurship in economic growth. The paper surveys the economic literature on what factors are important to growth. The focus is on recent models of endogenous growth which reflect on the role of investment, technological change and education. Secondly, publications, which measure the impact of IPP on some of the growth elements identified are reviewed. The third section deals with IPP and the entrepreneur as an important agent and facilitator of growth. It discusses the nature of IPP as an incentive in not only stimulating the development of new technologies and processes but also the dissemination of existing technologies. Using the surveys as background, short case studies for India and Brazil are presented on IPP as a stimulus and application of research and development. The last section summarizes the previous sections and draws some conclusions with respect to policy.

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