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David, Pinkus ; Cédric, Schneider ; Dario, Pozzoli. (2024) Pension Fund Investment and Firm Innovation.
In: Working Papers. RePEc:hhs:cbsnow:2024_001.
Full description at Econpapers
cites:
Figure B.4: Pension Fund Investments and Innovation Outcomes, Additional Placebo Tests -.05 0 .05 .1 Effect -4-3 -2-1 Relative time to Pension Investment (a) Intensive Margin of Innovation (IHS) 0 .05 .1 Effect -5-4 -3-2 -1 Relative time to Pension Investment (b) Intensive Margin of Innovation (IHS) Note: The figure shows event time coefficients and 95% confidence intervals estimated using the algorithm developed in Sun and Abraham (2021). In both panels, the dependent variable is the IHS transformation of number of patent applications weighted by citations (intensive margin) in year t. The sample considers 476 distinct events of treatment and excludes from the estimations the period following the event (including the event year). Control variables include the firms’ productivity, capital intensity, share of female workers and share of tertiary educated workers.
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