Global S&T Development Trend Analysis Platform of Resources and Environment
| Intangibles within Firm Boundaries | |
| Bruno Merlevede and Angelos Theodorakopoulos | |
| 2020-12-15 | |
| 出版年 | 2020 |
| 国家 | 英国 |
| 领域 | 地球科学 ; 资源环境 |
| 英文摘要 | This paper extends a production function estimator to test whether intangible transfers within firm boundaries lead to overall efficiency gains. Using a panel of European majority owned parent-affiliate relationships, we present novel evidence that parent firms strongly benefit from such transfers alongside productivity enhancements for affiliates. In relative terms, affiliates’ long-run efficiency improvements are twice those of the parent. Such gains appear to be induced by synergies for the affiliate but not for the parent, supporting theories on the existence of common ownership. A falsification exercise suggests that only 2/3 of these gains are actually internalised within firm boundaries. |
| URL | 查看原文 |
| 来源平台 | Oxford Martin School, University of Oxford |
| 文献类型 | 科技报告 |
| 条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/308476 |
| 专题 | 地球科学 资源环境科学 |
| 推荐引用方式 GB/T 7714 | Bruno Merlevede and Angelos Theodorakopoulos. Intangibles within Firm Boundaries,2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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