From a firm’s perspective two competing forces are driving the decision to invest in innovation. On the one hand …, innovative performance is an important driver of profitability and growth. On the other hand, investments in innovation suffer … firms may protect their inventions by means of intellectual property rights, such as patents. By taking out a patent …

supplemental information on IP litigation and patent portfolios. The rich survey information regarding firms’ general innovation …We contribute to the economic literature on patent litigation by taking a new perspective. In the past, scholars mostly … focused on specific litigation cases at the patent level and related technological characteristics to the event of litigation …

at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …

at the intensive margin, i.e. our results do not suggest that non-innovative companies are deterred from innovation …

From a firm’s perspective two competing forces are driving the decision to invest in innovation. On the one hand …, innovative performance is an important driver of profitability and growth. On the other hand, investments in innovation suffer … firms may protect their inventions by means of intellectual property rights, such as patents. By taking out a patent …

challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …

. In 2002, Germany transferred patent rights from faculty members to their universities. To identify the effect on the …