Understanding the value of a product development project is central to a firm’s choice of project portfolio. The value of a project to a firm depends not only on the project’s properties but also on the other projects being developed by the firm. This is due to interactions with other...

Patent-based measures are frequently used as indicators in empirical research on innovation and technological change. Currently, there is little evidence as to what extent patent-based indicators relate to product market outcomes. Using a unique dataset that links outcomes from product...