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We examine the relation between manager horizon and discretionary disclosure, using patenting as a measure of disclosure. Patenting reflects, in part, a manager's decision to disclose the successful outcome of research and development (R&D). When a firm invests in R&D but does not patent,...
Persistent link: https://www.econbiz.de/10012902105
the hard disk industry (1976--98). Three findings emerge: (1) Patents "predict" innovations better than a random guess …-innovation relationship nonstationary. These results suggest researchers should use caution when comparing patents of different types of firms …
Persistent link: https://www.econbiz.de/10012905346
How important is foreign knowledge for domestic innovation outcomes? How is this relation shaped by globalization and the attendant intensification of international competition? Our empirical approach extends the previous literature by analyzing a large panel comprising industries in both...
Persistent link: https://www.econbiz.de/10012892917
university patents and commercialization performance based on comparative corporate patent value. Our procedure involves matching … university patents to patents granted to public corporations with similar patent characteristics to estimate the “potential value …” of these university patents by the stock market reactions to matched corporate patent grants. We then calibrate an …
Persistent link: https://www.econbiz.de/10012897855
We study a novel database of intellectual property (IP) licensing agreements sourced from filings made by publicly-listed corporations, a large fraction of which firms (initially) disclose with redacted terms. In contrast to the benchmark that IP quality alone determines the pricing of IP, we...
Persistent link: https://www.econbiz.de/10012899410
Patent licensing contracts commonly prohibit licensees from challenging the validity of the patents at the basis of the …
Persistent link: https://www.econbiz.de/10012935082
This working paper provides a statistical analysis of 74 patent families which cover subject matter relevant to ten COVID-19 vaccines. These vaccines have accounted for 99% of the global COVID-19 vaccine production as of 31 December 2021, comprising over ten billion doses. Eight of them, namely...
Persistent link: https://www.econbiz.de/10012818093
technologies have the great central influences in the electricity generation sector patents, the isolating incremental innovations …
Persistent link: https://www.econbiz.de/10012822652
is essential to sensible, evidence-based policy. Patents, an often vital precursor to a commercialised innovation, share …
Persistent link: https://www.econbiz.de/10012822689
, if the legal protection of patents is stronger, incumbent businesses would reduce patenting. When the Court of Appeals … for the Federal Circuit assumed jurisdiction over patent appeals, it strengthened the legal protection of patents … find that post-CAFC, patents were more valuable commercially but not technologically superior, businesses reduced patenting …
Persistent link: https://www.econbiz.de/10012823955