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The Fate of Patents: An Exploratory Analysis of Patents as Signals of Reputational Advantage
Schulich School of Business, York University, Canada.
College of Business, University of Texas at San Antonio, USA.
KTH, Skolan för industriell teknik och management (ITM), Industriell ekonomi och organisation (Inst.), Entreprenörskap och Innovation. KTH, Skolan för industriell teknik och management (ITM), Centra, Centrum för studier inom vetenskap och innovation, CESIS.ORCID-id: 0000-0001-9348-7505
2013 (engelsk)Rapport (Fagfellevurdert)
Abstract [en]

Drawing on the reputation literature and signaling theory, this article builds on work that looks at patents as reputation signals.We build a multi-industry database of patents that expire due to lack of maintenance fee payments and test for a relationship between these patents and the firm’s IPO date.We find a significant and positive relationship between the likelihood of patents expiring due to lack of maintenance fee payments and the time to IPO. We also find that patents associated with firms which are not venture capital backed,are more likely to expire. Our findings suggest that patents that are used for signaling intentions are more likely to be underutilized.Implications for research and policy are discussed.

sted, utgiver, år, opplag, sider
CESIS , 2013. , s. 43
Serie
CESIS Electronic Working Paper Series ; 348
HSV kategori
Forskningsprogram
Nationalekonomi; Industriell ekonomi och organisation; Företagsekonomi
Identifikatorer
URN: urn:nbn:se:kth:diva-184726OAI: oai:DiVA.org:kth-184726DiVA, id: diva2:916730
Konferanse
The 35th DRUID Celebration Conference 2013: Innovation, Strategy and Entrepreneurship
Merknad

QC 20160408

Tilgjengelig fra: 2016-04-04 Laget: 2016-04-04 Sist oppdatert: 2016-04-08bibliografisk kontrollert

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