Felix Pöge

Prof. Dr. Felix Pöge

Affiliated Research Fellow

Innovation and Entrepreneurship Research



Personal Website

www.felixpoege.eu

Areas of Interest:

Economics of Innovation, Economics of Science, Industrial Organization, Microeconometrics

Academic Résumé

Since 10/2023
Affiliated Research Fellow
Max Planck Institute for Innovation and Competition

Since 2023
Assistant Professor at Department of Management and Technology 
Bocconi University Milan, Italy

2021 – 2023
Postdoctoral Researcher at Technology & Policy Research Initiative
Boston University Boston, MA, USA

2016 – 2021
Junior Research Fellow and Doctoral Candidate, Max Planck Institute for Innovation and Competition (Innovation and Entrepreneurship Research)
Doctoral Thesis: “Corporate Innovation – The Role of Scientific Discoveries, Taxation and Antitrust”

2020
Virtual Visiting Student, University of Maryland, Robert H. Smith School of Business, College Park, MD, USA, Host: Serguey Braguinsky

2019
Visiting Scholar, Boston University, Questrom School of Business, Boston, MA, USA, Host: Jeff Furman

Since 2017
Research Affiliate, IZA Institute of Labor Economics, Bonn, Germany

2015
Internship with the Organisation for Economic Co-Operation and Development (OECD), Paris

2013 – 2016
Master of Science in Economics at the University of Bonn

2013 – 2016
Student Assistant at the Institute for the Future of Labor (IZA), Bonn

2013 – 2014
Student Assistant and Tutor at the University of Bonn

2010 – 2013
Bachelor of Science in Economics at the University of Heidelberg and the National Unversity of Singapore

Honors, Scholarships, Academic Prizes

2021
Otto Hahn Medal by the Max Planck Society in recognition of outstanding scientific achievements for the doctoral thesis “Corporate Innovation – The Role of Scientific Discoveries, Taxation and Antitrust”

2020
Selected as CCC Visiting Student, University of Maryland, Smith School of Business, host: Serguey Braguinski

2020
Best Paper Award Finalist of the TIM Division at AOM

2018
EPIP Best Paper Award for Young Researchers

2012 - 2015
Scholarship of the German National Academic Foundation

2011 - 2012
Scholarship of the Federal Republic of Germany

Publications

Articles in Refereed Journals

Baruffaldi, Stefano Horst; Poege, Felix (2024). Like Stars: How Firms Learn at Scientific Conferences, Management Science 2024. DOI

  • Scientific conferences are an underexplored channel by which firms can learn from science. We provide empirical evidence that firms learn from scientific conferences in which they participate but also that this is conditional on intense participation. Using data from conference papers in computer science since the 1990s, we show that corporate investments in participation are both frequent and highly skewed, with some firms contributing to a given conference scientifically, some as sponsors, and some doing both. We use direct flights as an instrumental variable for the probability that other scientists participate in the same conference as a firm, altering the knowledge set to which the firm is exposed. We find that a firm’s use of scientists’ knowledge increases when they participate in the same conferences. Greater participation efforts, where the firm seeks the spotlight by both sponsoring the conference and contributing to its scientific discourse, foretell research collaborations and a stronger learning effect. Such learning is disproportionately concentrated among the most prominent firms and scientists rather than benefitting those without alternative interaction channels. Therefore, on average, firms learn from scientists that they encounter at conferences, but the substantial heterogeneity of the effect reflects the influence of reputation mechanisms in social interactions.
  • Also published as: Max Planck Institute for Innovation & Competition Research Paper No. 20-10

Dorner, Matthias; Gaessler, Fabian; Harhoff, Dietmar; Hoisl, Karin; Poege, Felix (2020). Filling the Gap - Firm Strategies for Human Capital Loss, Academy of Management Annual Meeting Proceedings, 2020 (1), 2020 (1)71. DOI

  • This paper explores how the premature death of an inventor affects the productivity and career trajectories of co-inventors. To this end, we develop and analyze a dataset covering the careers of 152,350 German inventors. The data combine highly precise employer-employee data from official social security registers with patent office information covering the period from 1980-2014. Departing from 799 registered premature deaths of inventors and the same number of matched inventors, we study how co-inventors were affected by the death of their peers. Using a difference-in-differences and an event study design, we investigate the reaction of the co-inventors' patenting activities, career advancement and job mobility. Using a number of measures and robustness checks, our results show that the premature death of a co-inventor reduces the productivity of the surviving co-inventors. The effect sets in immediately and survivors do not seem to recover from the shock in the five years following. We argue that employers will seek to retain co-inventors under certain conditions in order to continue lines of research and invention. The empirical results confirm our expectations: surviving inventors are significantly less likely to move to a different employer and are more likely to be promoted compared to inventors in the control group. These effects seem to diminish after about two years."

Poege, Felix; Harhoff, Dietmar; Gaessler, Fabian; Baruffaldi, Stefano Horst (2019). Science Quality and the Value of Inventions, Science Advances, 5 (12), eaay7323. DOI

  • Despite decades of research, the relationship between the quality of science and the value of inventions has remained unclear. We present the result of a large-scale matching exercise between 4.8 million patent families and 43 million publication records. We find a strong positive relationship between quality of scientific contributions referenced in patents and the value of the respective inventions. We rank patents by the quality of the science they are linked to. Strikingly, high-rank patents are twice as valuable as low-rank patents, which in turn are about as valuable as patents without direct science link. We show this core result for various science quality and patent
    value measures. The effect of science quality on patent value remains relevant even when science is linked indirectly through other patents. Our findings imply that what is considered “excellent” within the science sector also leads to outstanding outcomes in the technological or commercial realm.
  • Also published as: arXiv preprint 1903.05020
  • Article: Excellence Breeds Invention, Research Europe 510 (2020), 11

Pacifico, Daniele; Poege, Felix (2017). Estimating Measures of Multidimensional Poverty with Stata, Stata Journal, 17 (3), 687-703.

    Further Publications, Press Articles, Interviews

    Siegloch, Sebastian; Poege, Felix; Nguyen, Thu-Van; Löffler, Max; Lichter, Andreas; Isphording, Ingo E. (2021). Higher Profit Taxes Reduce Firms' R&D Activities, Vox EU Column 2021 21.12.2021.

    • Studies have shown that targeted R&D tax incentives – such as tax credits for R&D spending – induce firms to conduct more R&D. However, little is known about the effects of general profit taxes on firm-level R&D spending and innovation output. This column presents evidence from Germany that points to sizeable negative effects of increasing profit taxes on firms’ R&D spending and patents. However, slashing business tax rates may not be the most efficient policy instrument to spur innovation altogether.

    Poege, Felix; Harhoff, Dietmar; Gaessler, Fabian; Baruffaldi, Stefano Horst (2020). Excellence Breeds Invention. The Most Highly Cited Papers Feature in the Most Valuable Patents, Research Europe, (510), 11.

    Monographies

    Poege, Felix (2021). Corporate Innovation: The Role of Scientific Discoveries, Taxation and Antitrust. Doctoral Thesis. München: Ludwig-Maximilians-Universität.

      Discussion Papers

      Poege, Felix; Gaessler, Fabian; Hoisl, Karin; Harhoff, Dietmar; Dorner, Matthias (2022). Filling the Gap: The Consequences of Collaborator Loss in Corporate R&D, Max Planck Institute for Innovation & Competition Research Paper, No. 22-17.

      • We examine how collaborator loss affects knowledge workers in corporate R&D. We argue that such a loss affects the remaining collaborators not only by reducing their team-specific capital (as argued in the prior literature) but also by increasing their bargaining power over the employer, who is in need of filling the gap left by the lost collaborator to ensure the continuation of R&D projects. This shift in bargaining power may, in turn, lead to benefits, such as additional resources or more attractive working conditions. These benefits can partially compensate for the negative effect of reduced team-specific capital on productivity and influence the career trajectories of the remaining collaborators. We empirically investigate the consequences of collaborator loss by exploiting 845 unexpected deaths of active inventors. We find that inventor death has a moderate negative effect on the productivity of the remaining collaborators. This negative effect disappears when we focus on the remaining collaborators who work for the same employer as the deceased inventor. Moreover, this group is more likely to be promoted and less likely to leave their current employer.
      • Available at SSRN

      Poege, Felix (2022). Competition and Innovation: The Breakup of IG Farben, Boston Univ. School of Law Research Paper, No. #22-24. DOI

      • The relationship between competition and innovation is difficult to disentangle, as exogenous variation in market structure is rare. The 1952 breakup of Germany’s leading chemical company, IG Farben, represents such a disruption. After the Second World War, the Allies occupying Germany imposed the breakup because of IG Farben’s importance for the German war economy instead of standard antitrust concerns. In technology areas where the breakup reduced concentration, patenting increased strongly, driven by domestic firms unrelated to IG Farben. An analysis of patent texts shows that an increased propensity to patent does not drive the effect. Descriptively, IG Farben’s successors increased their patenting activities as well, and their patenting specialized relative to the pre-breakup period. The results are consistent with a breakup-induced innovation increase by the IG Farben successors, which then spilled over to the wider chemical industry.

      Baruffaldi, Stefano Horst; Poege, Felix (2022). Like Stars: How Firms Learn at Scientific Conferences, Max Planck Institute for Innovation & Competition Research Paper, No. 20-10. DOI

      • Scientific conferences are an underexplored channel by which firms learn from science. Although attendance per se may be sufficient to lower search costs in relation to scientific knowledge, we show that active participation and corporate investments in reputation are necessary to establish the personal connections that act as the key learning channel. Using data from conference papers in computer science since the 1990s, we show that corporate investments in participation are both frequent and highly skewed, some firms contributing to a given conference scientifically, some as sponsors, and some doing both. We use direct flights as an instrumental variable for the probability that other scientists participate in the same conference as a firm and find that this increases the firm’s use of the scientists’ knowledge. However, the most significant benefits accrue if the firm seeks the spotlight by both sponsoring the conference and taking part in its scientific discourse. Additional analyses show that these efforts foretell research collaborations and suggest that participation is more relevant in circumstances where the conference helps to trigger personal interactions, even when knowledge search costs are otherwise low.
      • Forthcoming in: Management Science

      Lichter, Andreas; Loeffler, Max; Isphording, Ingo E.; Nguyen, Thu-Van; Poege, Felix; Siegloch, Sebastian (2021). Profit Taxation, R&D Spending, and Innovation, IZA Discussion Paper, 14830.

      • We study how profit taxation affects plants' R&D spending and innovation activities. Relying on geocoded survey panel data which approximately covers the universe of R&D-active plants in Germany, we exploit around 7,300 changes in the municipal business tax rate over the period 1987–2013 for identification. Applying event study models, we find a negative and statistically significant effect of an increase in profit taxation on plants' R&D spending with an implied long-run elasticity of −1.25. Reductions in R&D are particularly strong among more credit-constrained plants. In contrast, homogeneity of effects across the plant size distribution questions policy makers common practice to link targeted R&D tax incentives to plant size. We further find lagged negative effects on the (citation-weighted) number of filed patents.
      • https://www.iza.org/de/publications/dp/14830/imprint
      • Also published as: CEPR Discussion Paper 16702
      • Also published as:ZEW Discussion Paper Nr. 21-080

      Lichter, Andreas; Loeffler, Max; Isphording, Ingo E.; Nguyen, Thu-Van; Poege, Felix; Siegloch, Sebastian (2021). Profit Taxation, R&D Spending, and Innovation, ZEW - Centre for European Economic Research Discussion Paper, No. 21-080.

      • We study how profit taxation affects plants’ R&D spending and innovation activities. Relying on geocoded survey panel data which approximately covers the universe of R&D-active plants in Germany, we exploit around 7,300 changes in the municipal business tax rate over the period 1987–2013 for identification. Applying event study models, we find a negative and statistically significant effect of an increase in profit taxation on plants’ R&D spending with an implied long-run elasticity of −1.25. Reductions in R&D are particularly strong among more credit-constrained plants. In contrast, homogeneity of effects across the plant size distribution questions policy makers common practice to link targeted R&D tax incentives to plant size. We further find lagged negative effects on the (citation-weighted) number of filed patents.
      • https://www.zew.de/publikationen/profit-taxation-rd-spending-and-innovation
      • Also published as: CEPR Discussion Paper 16702
      • Also published as: IZA Discussion Paper, 14830

      Lichter, Andreas; Loeffler, Max; Isphording, Ingo E.; Nguyen, Thu-Van; Poege, Felix; Siegloch, Sebastian (2021). Profit Taxation, R&D Spending, and Innovation, CEPR Discussion Paper, 16702.

      • We study how profit taxation affects plants’ R&D spending and innovation activities. Relying on geocoded survey panel data which approximately covers the universe of R&D-active plants in Germany, we exploit around 7,300 changes in the municipal business tax rate over the period 1987–2013 for identification. Applying event study models, we find a negative and statistically significant effect of an increase in profit taxation on plants’ R&D spending with an implied long-run elasticity of -1.25. Reductions in R&D are particularly strong among more credit-constrained plants. In contrast, homogeneity of effects across the plant size distribution questions policy makers common practice to link targeted R&D tax incentives to plant size. We further find lagged negative effects on the (citation-weighted) number of filed patents.
      • https://cepr.org/publications/dp16702
      • Alsopublished as: ZEW Discussion Paper Nr. 21-080
      • Also published as: IZA Discussion Paper, 14830

      Baruffaldi, Stefano Horst; Poege, Felix (2020). A Firm Scientific Community: Industry Participation and Knowledge Diffusion, IZA Discussion Paper, No. 13419.

      • We study the diffusion of knowledge from scientists to firms within scientific communities. We build on a unique dataset on conference proceedings as "paper trail" of almost all relevant conference series in computer science since 1996. More than 5000 firms appear as conference sponsors or as affiliations in proceedings. Their participation is concentrated in the highly ranked conferences and their scientific contributions are on average highly cited. We exploit direct flights as an instrumental variable for the participation choice of scientists between a conference where a firm participates and other similar conferences. The participation in the same conference has a positive causal effect on knowledge diffusion to the firm's scientific and inventive activities. Additional analyses suggest that interactions and collaborations with scientists that remain external to the firm are likely a key mechanism of this diffusion. The effects are remarkably stronger the larger the firm's investments in participation.
      • https://www.iza.org/de/publications/dp/13419/a-firm-scientific-community-industry-participation-and-knowledge-diffusion

      Baruffaldi, Stefano Horst; Poege, Felix (2020). A Firm Scientific Community: Industry Participation and Knowledge Diffusion, Max Planck Institute for Innovation & Competition Research Paper, No. 20-10.

      • We study the diffusion of knowledge from scientists to firms within scientific communities. We build on a unique dataset on conference proceedings as “paper trail” of almost all relevant conference series in computer science since 1996. More than 5000 firms appear as conference sponsors or as affiliations in proceedings. Their participation is concentrated in the highly ranked conferences and their scientific contributions are on average highly cited. We exploit direct flights as an instrumental variable for the participation choice of scientists between a conference where a firm participates and other similar conferences. The participation in the same conference has a positive causal effect on knowledge diffusion to the firm’s scientific and inventive activities. Additional analyses suggest that interactions and collaborations with scientists that remain external to the firm are likely a key mechanism of this diffusion. The effects are remarkably stronger the larger the firm’s investments in participation.
      • Available at SSRN
      • Also published as: DRUID19; 4936

      Poege, Felix; Harhoff, Dietmar; Gaessler, Fabian; Baruffaldi, Stefano Horst (2019). Science Quality and the Value of Inventions, arXiv preprint 1903.05020.

      • Despite decades of research, the relationship between the quality of science and the value of inventions has remained unclear. We present the result of a large-scale matching exercise between 4.8 million patent families and 43 million publication records. We find a strong positive relationship between quality of scientific contributions referenced in patents and the value of the respective inventions. We rank patents by the quality of the science they are linked to. Strikingly, high-rank patents are twice as valuable as low-rank patents, which in turn are about as valuable as patents without direct science link. We show this core result for various science quality and patent
        value measures. The effect of science quality on patent value remains relevant even when science is linked indirectly through other patents. Our findings imply that what is considered “excellent” within the science sector also leads to outstanding outcomes in the technological or commercial realm.
      • https://arxiv.org/pdf/1903.05020.pdf
      • Also published in Science Advances 2019, Vol. 5, No. 12, eaay7323

      Baruffaldi, Stefano Horst; Poege, Felix (2019). A Firm Scientific Community, DRUID19, 4936. Copenhagen: Copenhagen Business School.

      • The diffusion of scientific knowledge to industry is instrumental to technological change and productivity growth. In this paper, we investigate the extent to which firms participate in scientific communities' activities and whether this facilitates the exchange and transfer of scientific knowledge
        to firms' technological activities. We focus on two modes of interactions of firms with scientific communities: the participation to and the sponsorship of international scientific conferences. We exploit a newly constructed database comprising the set of all conference proceedings in computer science from 1996 until 2015 from a specialized computer science database (DBLP) matched to Web of
        Science and Scopus and conference ranking information. We track knowledge transfers by patent and science citations to these proceedings. First, we document that both conference participation and
        sponsorship by firms is frequent and concentrated in the events of the highest quality. Contributions of firms at conferences are of higher average quality, even within individual conferences. Second, we go
        on to find that firms are significantly more likely to cite in their patents and papers the scientific articles presented at a conference which they attended relative to comparable articles presented at other conferences. We use airline connectivity between researcher and conference locations in an instrumental variable strategy to establish causality.
      • https://conference.druid.dk/acc_papers/45ci2gtnh996gaar52h23n4wfg5wfn.pdf

      Dorner, Matthias; Harhoff, Dietmar; Gaessler, Fabian; Hoisl, Karin; Poege, Felix (2018). Linked Inventor Biography Data 1980-2014, FDZ Data Report, No. 03/2018.

      • This data report describes the Linked Inventor Biography Data 1980-2014 (INV-BIO ADIAB 8014), its generation using record linkage and machine learning methods as well as how to access the data via the FDZ.
      • Dieser Datenreport beschreibt die verknüpften Erfinderbiografiedaten 1980-2014 (INV-BIO ADIAB 8014), deren Erstellung mittels Record Linkage und Machine Learning Methoden sowie den Datenzugang über das FDZ.
      • http://doku.iab.de/fdz/reporte/2018/DR_03-18_EN.pdf

      Presentations

      13.12.2021 
      Competition and Innovation: The Breakup of IG Farben
      LMU Innovation Workshop
      Location: online


      31.10.2021
      Competition and Innovation: The Breakup of IG Farben
      Annual Meeting, Economic History Association
      Location: Tucson, AZ, USA


      13.10.2021
      Competition and Innovation: The Breakup of IG Farben
      TPRI Brown Bag Seminar, Boston University
      Location: Boston, USA


      28.09.2021 
      Competition and Innovation: The Breakup of IG Farben
      Annual Meeting, Verein für Socialpolitik, University of Regensburg
      Location: online


      28.09.2021
      Competition and Innovation: The Breakup of IG Farben
      EPFL Virtual Innovation Seminar, EPFL
      Location: online


      28.08.2021
      Competition and Innovation: The Breakup of IG Farben
      EARIE, Bergen, Norway
      Location: online


      29.06.2021
      Competition and Innovation: The Breakup of IG Farben
      BEWIP Seminar, TU Munich
      Location: online


      16.06.2021
      Competition and Innovation: The Breakup of IG Farben
      DICE Brown Bag Seminar, University of Düsseldorf
      Location: online


      27.05.2021
      Competition and Innovation: The Breakup of IG Farben
      EBE/CRC Summer School 2021: Applied Microeconomics
      Location: online


      10.05.2021
      Competition and Innovation: The Breakup of IG Farben
      8th CRC 190 Retreat, Schwanenwerder
      Location: online


      23.11.2020
      Competition and Innovation: Breaking IG Farben
      Innovation Seminar, LMU
      Location: virtual/Munich


      14.10.2020
      Competition and Innovation: Dissolving IG Farben
      Research Seminar in Economic History, University of Mannheim
      Location: virtual/Mannheim


      30.9.2020
      A Firm Scientific Community
      German Economic Association Annual Meeting
      Location: virtual


      17.09.2020
      Competition and Innovation: Dissolving IG Farben
      CDSS Seminar, University of Maryland
      Location: virtual/Maryland, US


      09.09.2020
      Competition and Innovation: Dissolving IG Farben
      Research Seminar
      Location: virtual/Munich


      27.08.2020
      A Firm Scientific Community
      European Economic Association Meeting
      Location: virtual


      09.08.2020
      Filling the Gap-Firm Strategies for Human Capital Loss
      Academy of Management Conference
      Location: virtual


      27.08.2020
      A Firm Scientific Community
      KTO Seminar, Skema
      Location: virtual/SKEMA


      03.03.2020
      Competition and Innovation: Dissolving IG Farben
      Research Seminar
      Location: Zugspitze


      04.12.2019
      Deconcentration and Innovation: Dissolving IG Farben
      TPRI Brown Bag, Boston University Law
      Location: Boston, Massachusetts, US


      30.10.2019
      A Firm Scientific Community: Participation of Industry to Academia and Knowledge Diffusion
      PhD Seminar, University of Utah Eccles
      Location: Salt Lake City, Utah, US


      30.10.2019
      A Firm Scientific Community: Participation of Industry to Academia and Knowledge Diffusion
      S&I Brown Bag, Boston University Questrom
      Location: Boston, Massachusetts, US


      12.08.2019
      A Firm Scientific Community
      Academy of Management Conference
      Location: Boston, Massachusetts, US


      08.07.2019
      Deconcentration and Innovation: Dissolving IG Farben
      LMU Munich Innovation Seminar
      Location: Munich


      13.06.2019
      A Firm Scientific Community - Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      Munich Young Economist Meeting
      Location: Kochel am See


      17.05.2019
      A Firm Scientific Community
      Zentrum für Europäische Wirtschaftsforschung Innopat
      Location: Mannheim


      13.04.2019
      A Firm Scientific Community - Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      24th Spring Meeting of Young Economists
      Location: Brussels, Belgium


      23.03.2019
      Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      Innovation, Technological Change and International Trade Workshop
      Location: Heilbronn


      10.12.2018
      Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      Junior Researcher Workshop 2018, Max Planck Institute for Innovation and Competition
      Location: Munich


      30.10.2018
      A Firm Scientific Community: Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      IO and Trade Seminar, LMU Munich
      Location: Munich


      02.10.2018
      A Firm Scientific Community: Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      IO and Trade Seminar, LMU Munich
      Location: Munich


      06.09.2018
      A Firm Scientific Community: Do Scientific Conferences Facilitate Knowledge Transmission to Private Firms?
      EPIP 2018, ESMT Berlin
      Location: Berlin


      01.02.2018
      R&D Investments, Innovation and Corporate Taxation: Evidence from German Municipalities
      4th Geography of Innovation Conference
      Location: Barcelona, Spain


      05.10.2017
      R&D Investments, Innovation and Corporate Taxation: Evidence from German Municipalities
      MGSE Colloquium, LMU Munich
      Location: Munich

      Projects