Showing 1 - 10 of 53
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
Functioning markets for technology are an important determinant for the type, scope and distribution of innovation activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes such imperfections to the supply side or differences in...
Persistent link: https://www.econbiz.de/10012109765
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
Functioning markets for technology are an important determinant for the type, scope and distribution of innovation activities in an economy. However, markets for technology are often underdeveloped or inefficient. Existing theory attributes such imperfections to the supply side or differences in...
Persistent link: https://www.econbiz.de/10014103578
inlicensing activity. In this paper, we investigate the effect of expected blocking on firms' engagement in in- and out-licensing …. Based on a sample of more than 400 German manufacturing firms our results show that firms engage in in- and out-licensing if … technology competition increases which is in line with the argument that licensing can mitigate hold-up problems in technology …
Persistent link: https://www.econbiz.de/10003871201
in Germany praises the Silicon Valley model of entrepreneurship, contrasting the Mittelstand as low-growth, low-tech and … is the antithesis to the Silicon Valley entrepreneurship model. We show that Mittelstand is more than a small and medium … the Mittelstand is an excellent example of everyday entrepreneurship and a vibrant segment of economy which is also …
Persistent link: https://www.econbiz.de/10011977405
infrastructures for entrepreneurship which presumably moderate the relationship between the skill composition and regional … to entrepreneurship. As these should predominantly vary at the national level, we present a comparative study of this … other in terms of economic capacity and geography. Hence, the institutional infrastructures for entrepreneurship may vary …
Persistent link: https://www.econbiz.de/10014201171
We investigate incidence and evolution of patent thickets. Our empirical analysis is based on a theoretical model of patenting in complex and discrete technologies. The model captures how competition for patent portfolios and complementarity of patents affect patenting incentives. We show that...
Persistent link: https://www.econbiz.de/10009012623