Abstract
I investigate the effect of increasing transparency on the social benefits of government funded research. For this purpose, I exploit two laws enacted in the United States related to government funding and improved information provision. Using these two information, I analyze how the change in information disclosure affects follow-on innovation of government-funded research. The results show an elevated degree of innovation building on federally funded patents after transparency increased due to additional information. I find that this effect could be attributed to a decrease in search costs and asymmetric information. Further results imply that patents funded by procurement contracts show a stronger increase in follow-on innovation compared to those funded by grants. Considering the actual amount awarded, I find a positive relationship and that patents from projects with a medium level of funding benefit in particular. These results imply a positive effect of more transparency on innovation.
| Original language | English |
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| Title of host publication | Proceedings of the Eighty-second Annual Meeting of the Academy of Management |
| Editors | Sonia Taneja |
| Number of pages | 1 |
| Place of Publication | Briarcliff Manor, NY |
| Publisher | Academy of Management |
| Publication date | 2022 |
| Pages | 2462 |
| DOIs | |
| Publication status | Published - 2022 |
| Event | The Academy of Management Annual Meeting 2022: Creating a Better World Together - Seattle, United States Duration: 5 Aug 2022 → 9 Aug 2022 Conference number: 82 https://2022.aom.org/ |
Conference
| Conference | The Academy of Management Annual Meeting 2022 |
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| Number | 82 |
| Country/Territory | United States |
| City | Seattle |
| Period | 05/08/2022 → 09/08/2022 |
| Internet address |
| Series | Academy of Management Proceedings |
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| ISSN | 0065-0668 |