Technological innovation is not exclusive to great industrial groups. Sometimes, innovative and dynamic companies emerge in high-tech sectors and constitute a serious threat for some industry giants. However, the high reactivity of these small companies is generally impaired by problems of...

Patents and their renewals are critical because they protect inventions and reinforce information reported to investors about the utility and the quality of inventions. Thus, they signal the appropriate use of financial resources being invested, notably

Patenting and renewal is a way for a firm to assert a portion of the value of its intangible assets by giving them a legal value and possibly a book value (IAS 38.IFRS). Thus, firms report to financial markets the proper use of financial resources committ