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How Do Technological Innovations Affect Corporate Investment and Hiring?

Record Type:	Language materials, printed : Monograph/item
Title/Author:	How Do Technological Innovations Affect Corporate Investment and Hiring?/
Author:	Liu, Ying.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2020,
Description:	101 p.
Notes:	Source: Dissertations Abstracts International, Volume: 82-02, Section: A.
Contained By:	Dissertations Abstracts International82-02A.
Subject:	Finance. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28000246
ISBN:	9798664703382

How Do Technological Innovations Affect Corporate Investment and Hiring?
Liu, Ying.

How Do Technological Innovations Affect Corporate Investment and Hiring? - Ann Arbor : ProQuest Dissertations & Theses, 2020 - 101 p.

Source: Dissertations Abstracts International, Volume: 82-02, Section: A.

Thesis (Ph.D.)--University of Oregon, 2020.

This item must not be sold to any third party vendors.

Using various measures for technological innovation, I show that corporate investment and hiring go up following technological advancements. The effect is stronger for firms with more industry- or firm-level innovations, among firms with lower capital intensity or greater marginal benefits from innovative outputs. In addition, firm-level production efficiency increases following innovations, with this effect concentrated among firms with greater industry- or firm-level innovative activity. Further, although cross-sectional heterogeneity exists, the firm-level capital-to-labor ratio does not increase significantly. Supporting the view of endogenous growth theory that firms with successful innovations tend to expand, these findings highlight the possible channels for innovations to propagate in the economy. These results also suggest, although making firms more efficient, technology does not reduce employment, suggesting technological innovations are, to some extent, Hicks-neutral.

ISBN: 9798664703382Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Corporate investment

How Do Technological Innovations Affect Corporate Investment and Hiring?
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500 $a Source: Dissertations Abstracts International, Volume: 82-02, Section: A.
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502 $a Thesis (Ph.D.)--University of Oregon, 2020.
506 $a This item must not be sold to any third party vendors.
520 $a Using various measures for technological innovation, I show that corporate investment and hiring go up following technological advancements. The effect is stronger for firms with more industry- or firm-level innovations, among firms with lower capital intensity or greater marginal benefits from innovative outputs. In addition, firm-level production efficiency increases following innovations, with this effect concentrated among firms with greater industry- or firm-level innovative activity. Further, although cross-sectional heterogeneity exists, the firm-level capital-to-labor ratio does not increase significantly. Supporting the view of endogenous growth theory that firms with successful innovations tend to expand, these findings highlight the possible channels for innovations to propagate in the economy. These results also suggest, although making firms more efficient, technology does not reduce employment, suggesting technological innovations are, to some extent, Hicks-neutral.
590 $a School code: 0171.
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653 $a Hiring
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