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When Patents Matter: The Impact of Competition and Patent Age on the Performance Contribution of Intellectual Property Rights Protection
journal contribution
posted on 2023-08-30, 14:44 authored by Daniela Maresch, Matthias Fink, Rainer HarmsThe 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.
History
Refereed
- Yes
Volume
57-58Page range
14-20Publication title
TechnovationISSN
1879-2383Publisher
ElsevierFile version
- Accepted version
Language
- eng
Legacy posted date
2017-06-26Legacy creation date
2017-06-12Legacy Faculty/School/Department
ARCHIVED Lord Ashcroft International Business School (until September 2018)Usage metrics
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