Changing of the Guard: Structural Change and Corporate Science in the Semiconductor Industry

28 Pages Posted: 13 Jul 2016

See all articles by Maikel Pellens

Maikel Pellens

Ghent University; MSI, Faculty of Business and Economics, KULeuven; Centre for European Economic Research

Antonio Della Malva

KU Leuven - Faculty of Business and Economics (FEB)

Date Written: July 12, 2016

Abstract

This article documents a structural change in the production of science in the U.S. semiconductor industry over almost three decades. We observe a change in scientific productivity over time, where smaller firms publish more articles per dollar in R&D. Moreover, our results show a positive relationship between the value of intangibles and scientific publications, driven by basic research results. These effects are especially strong among Fabless 'design' firms and among firms in the post-PC era of semiconductor manufacturing, in line with a premium for smaller firms which invest in science in times of structural technological change.

Keywords: Corporate science, basic science, firm value, semiconductors

JEL Classification: O31, O33

Suggested Citation

Pellens, Maikel and Della Malva, Antonio, Changing of the Guard: Structural Change and Corporate Science in the Semiconductor Industry (July 12, 2016). ZEW - Centre for European Economic Research Discussion Paper No. 16-050. Available at SSRN: https://ssrn.com/abstract=2808453 or http://dx.doi.org/10.2139/ssrn.2808453

Maikel Pellens (Contact Author)

Ghent University ( email )

Ghent, 9000
Belgium

MSI, Faculty of Business and Economics, KULeuven ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Centre for European Economic Research ( email )

P.O. Box 10 34 43
L 7,1 D-68161 Mannheim
Germany

Antonio Della Malva

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

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