When Patents Matter: The Impact of Competition and Patent Age on the Performance Contribution of Intellectual Property Rights Protection

Maresch, Daniela and Fink, Matthias and Harms, Rainer (2016) When Patents Matter: The Impact of Competition and Patent Age on the Performance Contribution of Intellectual Property Rights Protection. Technovation, 57-58. pp. 14-20. ISSN 1879-2383

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Official URL: http://dx.doi.org/10.1016/j.technovation.2015.11.0...

Abstract

The question whether patenting impacts patenting firms’ subsequent financial performance is important for technology-oriented companies. However, relevant research has led to contradictory results. We strive to overcome this impasse by introducing innovation competition and patent age as moderators of patents’ performance contribution into the discourse. Based on a sample of 975 cases from diverse industries, we find strong support for our arguments. In line with our expectations, the results show that the number of patents granted, the degree of patent competition, and the timeliness of a patent contribute positively to financial performance. Moderation analysis nuances our findings by showing that the impact of patent protection on financial performance is stronger when the patent competition is stronger and the patents are younger.

Item Type: Journal Article
Keywords: patents, firm performance, competition, timing, innovation policy
Faculty: ARCHIVED Lord Ashcroft International Business School (until September 2018)
Depositing User: Matthias Fink
Date Deposited: 26 Jun 2017 08:22
Last Modified: 09 Sep 2021 18:59
URI: https://arro.anglia.ac.uk/id/eprint/701866

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