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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
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
entry and we also detect an impact of the prizes on the quality of contemporaneous patents, especially when prize categories …
Persistent link: https://www.econbiz.de/10013067000
Our model reconciles seemingly contradictory empirical evidence on venture capital activity. Despite the venture capital-backed companies' superior long-run performance, stock markets react more negatively to their acquisitions than to other private acquisitions. Moreover, venture capital...
Persistent link: https://www.econbiz.de/10013141931
Ascertaining whether patents encourage invention necessitates understanding the incentives inventors respond to. The … of patentees, by observing the entire population of British patents granted up to the patent reforms of 1852. I find …
Persistent link: https://www.econbiz.de/10011904938
Persistent link: https://www.econbiz.de/10012105321
Persistent link: https://www.econbiz.de/10011597572
This paper investigates how physical, organisational, institutional, cognitive, social, and ethnic proximities between inventors shape their collaboration decisions. Using a new panel of UK inventors and a novel identification strategy, this paper systematically explores the net effects of all...
Persistent link: https://www.econbiz.de/10010224594
capabilities ; firms ; regions …
Persistent link: https://www.econbiz.de/10003831766