We use a panel of European firms to investigate the relationship between intangible assets and productivity. We distinguish between total factor productivity (tfp) and technology adoption, whereas standard estimations consider only a notion of productivity that conflates the two effects. Although we are unable to address simultaneity, we allow for the existence of multiple technologies within sectors through a mixture model approach. We find that intangible assets have nonnegligible effects that both push firms toward better technologies (technology adoption effects) and allow for more efficient exploitation of a given technology (tfp effects).

Battisti, M., Belloc, F., & Del Gatto, M. (2015). Unbundling Technology Adoption and tfp at the Firm Level: Do Intangibles Matter?. JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, 24(2), 390-414 [10.1111/jems.12094].

Unbundling Technology Adoption and tfp at the Firm Level: Do Intangibles Matter?

BATTISTI, Michele;
2015

Abstract

We use a panel of European firms to investigate the relationship between intangible assets and productivity. We distinguish between total factor productivity (tfp) and technology adoption, whereas standard estimations consider only a notion of productivity that conflates the two effects. Although we are unable to address simultaneity, we allow for the existence of multiple technologies within sectors through a mixture model approach. We find that intangible assets have nonnegligible effects that both push firms toward better technologies (technology adoption effects) and allow for more efficient exploitation of a given technology (tfp effects).
Settore SECS-P/01 - Economia Politica
Battisti, M., Belloc, F., & Del Gatto, M. (2015). Unbundling Technology Adoption and tfp at the Firm Level: Do Intangibles Matter?. JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, 24(2), 390-414 [10.1111/jems.12094].
File in questo prodotto:
File Dimensione Formato  
Battisti_et_al-2015-Journal_of_Economics_&_Management_Strategy.pdf

Solo gestori archvio

Dimensione 629.25 kB
Formato Adobe PDF
629.25 kB Adobe PDF   Visualizza/Apri   Richiedi una copia

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/10447/146072
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 18
  • ???jsp.display-item.citation.isi??? 17
social impact