-period competition, but simultaneously removes constraints to successful future innovation. The choice of whether to vigorously pursue … (2007) to study patent litigation strategy and rates of innovation. We show that a legal regime where infringement is … strategy effect may reduce levels of innovation. Antitrust policy should seek to attenuate this effect, and may do so by …

innovation activity, and shift toward exploitative innovation leveraging past experience and expertise. The exploitative … innovation strategy reflects the patent race motives and hedging demand of defendant firms against future litigation. These real …

yield the first-best result in terms of the speed of innovation, and the welfare analysis shows that social welfare is …

In this study, we examine the impact of class action litigation shocks on corporate innovation. Our experimental design … within the jurisdiction of the US Ninth Circuit. Innovation output by firms headquartered in this area increased …, which states that the threat of litigation leads to managerial myopia. The increase in innovation is more pronounced at high …

In this study, we examine the impact of class action litigation shocks on corporate innovation. Our experimental design … within the jurisdiction of the US Ninth Circuit. Innovation output by firms headquartered in this area increased …, which states that the threat of litigation leads to managerial myopia. The increase in innovation is more pronounced at high …

on corporate innovation at Chinese listed firms from 2014 to 2022. We exploit Two-Stage GMM, DID model, and PSM … techniques to address endogeneity. We find that both litigation risk and financial constraints significantly hinder innovation … risk and fosters innovation. Additionally, our findings emphasize the pronounced decline in innovation among highly …