We investigate whether private research investments are distorted away from long-term projects. Our theoretical model highlights two potential sources of this distortion: short-termism and the fixed patent term. Our empirical context is cancer research, where clinical trials – and hence,...

The need for entrepreneurship for economic development has always been crucial in the history of successful nations and developed economies because entrepreneurs are the leaders who invent innovative ideas that give spark to economic activities. Entrepreneurship is a key determinant of...

Innovations are an important condition for long-term competitiveness of the economy. They are supported by the state and there are financial programs for their support. Operational Programme „Enterprise and Innovation“ has defined key indicators that will track the target output as a...

Innovation has become a central theme and challenge in the literature of entrepreneurship, SMEs management, and strategic knowledge management and in the literature of organizational learning. Innovation needs a business environment that is conducive to long-term investments in new business...

Patent infringement awards are commonly thought to be unpredictable, which raises concerns that patents can lead to unjust enrichment and impede the progress of innovation. We investigate the unpredictability of patent damages by conducting a large-scale econometric analysis of award values. We...

The intellectual property (IP) system plays an important role in the development and diffusion of technologies by determining the institutional context in which transactions occur. This article reviews the recent EPO report ‘Patents and Clean Energy Technologies: Bridging the Gap between...

Based on the assumption that possible future reforms of the Madrid System for the filing and renewal of trademark registration at the international level must be user driven, the paper explored in a series of 23 in-depth interviews, the views of companies varying in size, geographical...

This paper aims at contributing to the literature on the relationship between research efforts and patent counts. It is claimed that the "propensity-to-patent" should be split into an "appropriability propensity" and a "strategic propensity". The empirical contribution is based on a unique panel...

For developed countries, continuous innovation has been a prerequisite for economic growth for some time. Because radical innovations often require considerable slack and freedom in researching the relevant underlying phenomena, universities are considered the primary loci for generating...

The objective of this paper is to provide a spatial distribution of creative economy in European Union, in 2011. For this purpose, we measure creative economy by proposing a five dimensions index. The results are displayed in the Creative Economy Map of EU. The further discussions highlight the...