{"title":"Dynamics of first-time patenting firms","authors":"Øivind A. Nilsen , Arvid Raknerud","doi":"10.1016/j.respol.2024.105054","DOIUrl":null,"url":null,"abstract":"<div><p>This paper investigates the dynamics of young firms in the period before and after their first-time patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from several business registers covering a period of almost 20 years. We apply an event study design, supported by descriptive analyses, to assess the short- and long-term effects of patenting and use matching to control for confounding factors. Our results accord with the view that a young firm's innovation strategy, including how much to invest in R&D, is conceived <em>before</em> the intellectual property right is established. Furthermore, our results suggest that patenting exerts a lasting influence on the firm's R&D activity and impacts economic outcomes more broadly.</p></div>","PeriodicalId":48466,"journal":{"name":"Research Policy","volume":"53 8","pages":"Article 105054"},"PeriodicalIF":7.5000,"publicationDate":"2024-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0048733324001033/pdfft?md5=9122dbd8c51ddba63eaabef56f29a99b&pid=1-s2.0-S0048733324001033-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research Policy","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0048733324001033","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"MANAGEMENT","Score":null,"Total":0}
引用次数: 0
Abstract
This paper investigates the dynamics of young firms in the period before and after their first-time patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from several business registers covering a period of almost 20 years. We apply an event study design, supported by descriptive analyses, to assess the short- and long-term effects of patenting and use matching to control for confounding factors. Our results accord with the view that a young firm's innovation strategy, including how much to invest in R&D, is conceived before the intellectual property right is established. Furthermore, our results suggest that patenting exerts a lasting influence on the firm's R&D activity and impacts economic outcomes more broadly.
期刊介绍：
Research Policy (RP) articles explore the interaction between innovation, technology, or research, and economic, social, political, and organizational processes, both empirically and theoretically. All RP papers are expected to provide insights with implications for policy or management.
Research Policy (RP) is a multidisciplinary journal focused on analyzing, understanding, and effectively addressing the challenges posed by innovation, technology, R&D, and science. This includes activities related to knowledge creation, diffusion, acquisition, and exploitation in the form of new or improved products, processes, or services, across economic, policy, management, organizational, and environmental dimensions.
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