invention as measured by patenting. In order to focus on the most valuable patents we use patent applications at the European …Europe#s innovation potential is currently dominated by well-established large companies. In most member countries the … be the driving force behind radical innovation which will be a source of employment and growth in future. In addition …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to … examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U …

How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …, where we merge: (i) firm-level balance sheet data; (ii) social security data on the universe of workers; (iii) patent data …

Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their …: (i) firm-level balance sheet data; (ii) social security data on the universe of workers; (iii) patent data from the … European Patent Office; (iv) the national registry of local politicians; and (v) detailed data on local elections in Italy. We …

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 …