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

Michele Battisti, Filippo Belloc, Massimo Del Gatto

Risultato della ricerca: Articlepeer review

12 Citazioni (Scopus)


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).
Lingua originaleEnglish
pagine (da-a)390-414
Numero di pagine25
Stato di pubblicazionePublished - 2015

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Strategy and Management
  • Management of Technology and Innovation

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