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When Does In-house Basic Research Increase Firms’ Technological Performance?

机译：内部基础研究什么时候可以提高公司的技术绩效？

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摘要

This paper extends prior empirical research on corporate basic research in two ways. First, analyze to what extent the effect of basic research sourced from outside the firm is leveraged by self-performed basic research, as a direct evaluation of the role of absorptive capacity. Second, we analyze to what extent firms build on the results of their own basic research in their applied technological activities, and how this ultimately impacts their technological performance. In a fixed-effect panel data analysis of the patent and publication activity of 33 of the largest R&D spending US, EU and Japanese pharmaceutical firms, we find that firms that engage in internal basic research increase their technological performance, in particular when these activities are undertaken in collaboration with universities. The exploitation of external basic research also affects technological performance positively, with a larger effect for firms conducting more in-house basic research, which confirms that externally available basic science is not a perfect public good. Finally, we find that firms who purposefully align their basic and applied research activities increase their technological performance.
机译：本文通过两种方式扩展了对公司基础研究的先前实证研究。首先，分析自我执行的基础研究在多大程度上利用了公司外部基础研究的效果，作为对吸收能力作用的直接评估。其次，我们分析企业在应用技术活动中基于自身基础研究结果的程度，以及这最终如何影响其技术绩效。在对美国，欧盟和日本最大的R＆D支出最大的33家制药公司的专利和出版活动进行的固定效果面板数据分析中，我们发现从事内部基础研究的公司提高了其技术性能，特别是当这些活动是与大学合作进行。外部基础研究的开发也对技术绩效产生积极影响，这对进行更多内部基础研究的公司影响更大，这证实了外部可用的基础科学并不是完美的公共物品。最后，我们发现，有目的地调整其基础研究和应用研究活动的公司可以提高其技术绩效。

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