Basir, Nada; Beyhaghi, Mehdi; Mohammadi, Ali - Centre of Excellence for Science and Innovation … - 2014
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 …