In this work we test if persistent innovators, defined according to different innovation activities (R&D, product and … process innovation, patenting) grow more than other firms, and if innovation persistence can contribute to explain the so far … definition of persistent innovators traditionally based on innovation surveys. Our findings, against the expectations, support …

innovation decisions. We show that the private value of a patent is particularly high for large firms as patents protect large …We study the relationship between patents and actual product innovation in the market, and how this relationship varies … consumer goods sector. We find that patent filings are positively associated with subsequent product innovation by firms, but …