Bracht, Felix; Czarnitzki, Dirk - 2022 - This version: August 3, 2022
patent collateral and access to capital. We make use of mandatory collateral registry data in Sweden and the Netherlands to … construct panels combining firm-level financial data and patent measures. Estimating conditional difference …-in-difference regressions on firms' debt allows deducting treatment effects of using patents as collateral. We find that patent pledging enables …