Showing 1 - 10 of 31
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10003861082
This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...
Persistent link: https://www.econbiz.de/10003848824
In the presence of asymmetric information, economic agents need to communicate their quality to investors and other parties. While much of the literature focuses exclusively on signaling, we develop a conceptual framework that extends this view with elements of the literature on certification....
Persistent link: https://www.econbiz.de/10013095986
limited access to capital. -- Immigrants ; innovation ; entrepreneurship ; knowledge-intensive industries …
Persistent link: https://www.econbiz.de/10008990888
China recently surpassed the USA as the greatest global source of patent applications. However, without internationally comparable measures of patent quality it remains questionable whether China's patent expansion constitutes the rise of a new technological superpower. Our novel quality index...
Persistent link: https://www.econbiz.de/10011497061
China recently surpassed the USA as the greatest global source of patent applications. However, without internationally comparable measures of patent quality it remains questionable whether China's patent expansion constitutes the rise of a new technological superpower. Our novel quality index...
Persistent link: https://www.econbiz.de/10012987942
Germany is one of few countries in which the monetary compensation for inventors is not only determined by negotiations between employer and employee-inventor, but also by relatively precise legal provisions. In this paper, we describe the characteristics of the German Employees' Inventions Act...
Persistent link: https://www.econbiz.de/10010441538
firms, taking into consideration the role played by in-licensing of IP. We find that firms facing more fragmented IP … landscapes have a higher probability of in-licensing. For firms with small patent portfolios we also find a positive association … between fragmentation and licensing costs as a share of sales. We observe a negative relationship between IP fragmentation and …
Persistent link: https://www.econbiz.de/10003922582
In diesem Beitrag wird ein Oligopolmodell der Innovationsaktivität entwickelt und mit Daten aus dem Mannheimer Innovationspanel geschätzt. Das Modell erlaubt es, bei der empirischen Umsetzung auf die Verwendung von Marktanteilsdaten und Nachfrageelastizitäten zu verzichten, die typischerweise...
Persistent link: https://www.econbiz.de/10011440888
Through a survey, economic value estimates were obtained on 962 inventions made in the United States and Germany and on which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents yielded a count of citations to those patents....
Persistent link: https://www.econbiz.de/10011440946