Patent backed securitizations are customized financial solutions characterized by a high level of complexity. Their evaluation involves the analysis of a variety of factors concerning the characteristics of the asset, the architecture and economics of the transaction, the stakeholders involved....

This paper analyzes the impact of patent bibliographic indicators and patent characteristics on the economic value of patents put on sale in an auction, considering different typologies of sellers and buyers. A unique dataset covering all patent auctions held until the end of 2008 by Ocean Tomo...

In this paper, we investigate the issue of financial constraints to innovation in SMEs in Italy with respect to the future changes in the banking system, which will be driven by the adoption of the new version of the Basel Capital Accord, scheduled to be implemented after 2006. The study is...

In this paper, the practice of using patents as collateral for debt has been studied. To this aim, the USPTO Patent Assignment database has been used and all the patents that reported the “security interest agreement” type of conveyance, registered in the 2007-2010 years, have been...

The paper investigates to what extent the convergence of banks over risk-adjusted capital standards set by the new Basel Capital Accord may affect the way in which they screen innovative firms. It also gives an overview of the existing forms of credit support to R&D activities. The study is...

This working paper uses machine learning to identify Cleantech companies in the Orbis database, based on self-declared business descriptions. Identifying Cleantech companies is challenging, as there is no universally accepted definition of what constitutes Cleantech. This novel approach allows...

This paper highlights the main challenges faced by the Cleantech sector. Key barriers include limited access to external finance, with many respondents expecting to raise significant funds in the next five years. Additionally, stringent and uncertain standards and regulations create operational...

[It is widely acknowledged that firms performing R&D investments are very likely to undergo financial constraints (FC) due to their specific characteristics, which make external debt an imperfect substitute for internal finance,especially for small sized enterprises. This situation calls into...

The paper investigates to what extent the convergence of banks over risk-adjusted capital standards set by the new Basel Capital Accord may affect the way in which they screen innovative firms. It also gives an overview of the existing forms of credit support to R&D activities. The study is...