We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing … constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries … between borrowers and lenders, we quantify the value of using patents as collateral with regard to capital access. Although …

ordered to license all its copier-technology patents in the US and abroad. I show that this promoted innovation by other firms … in the copier industry, measured by a disproportionate increase in patenting in technologies where Xerox patents became …

Because China has become one of the largest applicants of PCT patents, it is of interest to compare the quality of …

most frequently used indicators - R&D expenditure and patents - provide an incomplete picture as they represent inputs and …

We study the 1956 consent decree against the Bell System to investigate whether patents held by a dominant firm are … license all its existing patents royalty-free. Thus, the path-breaking technologies developed by the Bell Laboratories became …-on innovation building on Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased …