We study the value of innovation in a case study of one of the most visible innovative products in recent years, Apple's iPhone. The value effects of news announcements, patent publications, and trademarks relating to iPhone are taken into account. Our estimate of the lower bound on the value of...

This study develops a conceptual framework to understand the differential impact of formal institutional regime shift in intellectual property rights on the patenting and innovation strategies of Chinese and Western firms operating in China. We argue that to the extent that Chinese firms have...

This paper examines the use of innovation protection mechanisms in small and medium enterprises (SMEs). By starting from a knowledge-based view, the aim is to achive a better understanding of how the role perceived by innovating SMEs of patent protection and the long-term retention of qualified...

This article investigates patent protection for a long sequence of innovations where firms repeatedly supersede each other. Incentives for R&D can be insufficient if successful firms earn market profit only until competitors achieve something better. To correct this problem, patents must provide...

This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of the patent grant date, and productive efficiency...

The traditional view of innovation, which implies that companies innovate on their own, has been recently challenged by the 'open' innovation concept promoting the use of external knowledge. Collaboration between firms has always existed in one way or another, however, large-scale open...

This paper utilizes a data set of over 208,000 U.S. patents applied for between 1975 and 2010 to study development of strategic patenting over time and across industries. With received citations as a measure of patent social value, we use data envelopment analysis to estimate firm-level relative...