Innovation activities in the German enterprise sector showed two opposing trends over the past two decades: While total innovation expenditures grew substantially, the number of firms conducting innovation activities fell sharply. Innovation expenditures hence concentrate on fewer firms. In this...

Innovation activities in the German enterprise sector showed two opposing trends over the past two decades: While total innovation expenditures grew substantially, the number of firms conducting innovation activities fell sharply. Innovation expenditures hence concentrate on fewer firms. In this...

The following article systematically analyzes the question of how the results of R&D and its protection - or so to say, the technology base of a firm - can influence its mar-ket value and profits. Based on theoretical arguments it is hypothesized that large and highly valuable patent portfolios...