Economists and strategic management theorists interested in sustained competitive advantage often examine firms' management of knowledge. Somewhat surprisingly, the interaction between knowledge creation and knowledge capture practices has received little attention. Using survey data from nearly...

One component of the duration of pending patents - why applicants choose to delay the examination process - is modelled. We use a matched sample of 9597 patent applications to examine this issue. Controlling for differences between patent offices, we find evidence that applicants create...

In this paper, we estimate the extent of misclassification in patent examination decisions between the European Patent Office (EPO) and the Japanese Patent Office (JPO), that is, applications that are incorrectly refused a patent or incorrectly granted a patent. Using a proxy for inventive step...

This paper estimates the effect of a patent grant on the likelihood that an invention will progress to different commercialization stages, using survey data on 3,162 inventions that were the subject of a patent application. We find that about 40 percent of all inventions advanced to the point of...

Although many companies compete through the development of new technologies and products, it is well known that innovation is inherently risky and therefore may increase the ex ante likelihood of both exceptional company performance and bankruptcy. However, existing empirical studies...

In this paper, we focus on the effects of macroeconomic conditions on commercialisation. Using survey data on the activities of Australian inventors who attempted to commercialise 3,736 inventions over the period 1986--2005, we find evidence that macroeconomic conditions have a pro-cyclical...

type="main" xml:id="ecor12093-abs-0001" <p>Survey data from over 3,000 academic scientists show that nearly half of these scientists report that their choice of research projects has been affected (to some degree) by the presence of third-party patents. Our evidence suggests that the operation of...</p>