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venture capital (VC) financing. We argue that investors are faced with considerable uncer-tainty and therefore rely on patents … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … attention to patent quality, financing those ventures faster which later turn out to have high-quality patents. Patent …
Persistent link: https://www.econbiz.de/10003861082
venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … attention to patent quality, financing those ventures faster which later turn out to have high-quality patents. Patent …
Persistent link: https://www.econbiz.de/10003848824
from the beginning of the industry until 2005. Innovation effort is approximated by the generation of high quality patents … in laser sources technology (IPC H01S) and by having patents with university inventors. Quality patents are defined as … those in the upper quartile of the strongly right-skewed distribution of forward citations. Having quality patents is …
Persistent link: https://www.econbiz.de/10009507834
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
We examine the role of universities in knowledge production and industrial change using historical evidence. Political shocks led to a profound pro-science shift in German universities around 1800. To study the consequences, we construct novel microdata. We find that invention and manufacturing...
Persistent link: https://www.econbiz.de/10013259699
R&D are sensitive to the number of obtained patents. The capability of reducing the level of tax burdens below the …
Persistent link: https://www.econbiz.de/10012303712
to West German regions after 1990, we find that Western regions with stronger historically determined social ties across … the former East-West border attracted more inventors after the fall of the Iron Curtain than regions without such ties …
Persistent link: https://www.econbiz.de/10011571213
research and since 2018 have filed more patents for electric powertrains than for their petrol or diesel counterparts. The …
Persistent link: https://www.econbiz.de/10014252869
whether this role varies between different types of regions. Building on regionally aggregated levels of individual Big Five … personality traits, we find that only extraversion has a positive effect on patenting in German regions. Its impact is … particularly important in lagging regions. We interpret this result as an indication of the compensatory role of collaboration for …
Persistent link: https://www.econbiz.de/10013450547
We examine the role of universities in knowledge production and industrial change using historical evidence. Political shocks led to a profound pro-science shift in German universities around 1800. To study the consequences, we construct novel microdata. We find that invention and manufacturing...
Persistent link: https://www.econbiz.de/10014082118