Jan Bena - Homepage

Recent research papers

Published papers

Shielding Firm Value: Employment Protection and Process Innovation

The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel

Corporate Innovation and Returns

Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership

Competition and Ownership Structure of Closely-Held Firms

Working papers

Patent Intensity, Firm Life Cycle, and the Long-run Return and Risk Dynamics of Technological Innovators

Machines Could Not Compete with Chinese Labor: Evidence from U.S. Firms' Innovation

Financing the Global Shift to Electric Mobility

Token-based Decentralized Governance, Data Economy and Platform Business Model

Owner Culture and Pay Inequality within Firms

Relationship-Specific Investments and Firms’ Boundaries: Evidence from Textual Analysis of Patents

Mutual Fund Disagreement and Firm Value: Passive vs. Active Voice

Relative Pricing of Private and Public Debt: The Role of Money Creation Channel

Research interests

Innovation

Corporate innovation. Asset pricing of technological progress. Decentralized Finance (DeFi).

Private equity

Corporate ownership structure. Frictions in raising external finance.

Entrepreneurship

Ownership of startup companies.

Finance and industrial organization

Product market interactions.

Global Corporate Patent Dataset

The Global Corporate Patent Dataset links 3.1 million patents awarded by the U.S. Patent and Trademark Office (USPTO), between 1980 and 2017, to 9.2 thousand publicly listed firms worldwide. By the location of parent companies’ headquarters, the firms patenting at the USPTO come from 50 different countries around the world.

Process Innovation Patent Dataset

The Process Innovation Patent Dataset classifies claims of all utility patents awarded by the U.S. Patent and Trademark Office (USPTO) since 1976 into process and non-process. This classification allows to separately measure a process and non-process innovation in the economy overall, across technology classes or industry sectors, as well as by firms and other organizations.

The University of British Columbia (UBC) is a global centre for teaching, learning and research, consistently ranked among the top 20 public universities in the world and recently recognized as North America’s most international university.