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on Intellectual Property Rights |
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Issue of 2019‒03‒18
three papers chosen by Giovanni Ramello Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Marco Grazzi (DISCE, Università Cattolica); Chiara Piccardo (Dipartimento di Scienze Economiche, Università di Verona); Cecilia Vergari (Dipartimento di Scienze Economiche, Università di Bologna) |
| Abstract: | This work investigates the relationship between proxies of innovation activities, such as patents and trademarks, and firm performance in terms of revenues and growth. By resorting to the virtual universe of Italian manufacturing firms we provide a rather complete picture of the innovation activities of Italian firms, in terms of patents and trademarks, and we study whether the two instruments for protecting Intellectual Property (IP) exhibit complementarity or substitutability. In addition, and to our knowledge novel, we propose a measure of concordance (or proximity) between the patents and trademarks owned by the same firm and we then investigate whether such concordance appears to exert any effect on performance. |
| Keywords: | Trademarks, Patents, Innovation, Intellectual Property, Complementarity, Concordance, Technological proximity, Firm performance, Firm growth |
| JEL: | O31 O34 L25 |
| Date: | 2019–01 |
| URL: | http://d.repec.org/n?u=RePEc:ctc:serie5:dipe0003&r=all |
| By: | Huiwen Lai; Keith E. Maskus; Lei Yang |
| Abstract: | We study how provincial-level enforcement of intellectual property rights (IPRs) affects Chinese firms’ decisions regarding exit, export, and the channels through which to receive technology transfer. Our findings provide insights into how variations in IPRs enforcement alter productivity. Our model combines the standard theory of heterogeneous firms with the endogenous choices of those firms concerning how they absorb international technologies through imitation or licensing. We show that, in this setting, the exit and export cutoff productivities differ from those in the standard environment, leading to a different sorting mechanism. We also predict that stronger IPRs change the decisions firms make concerning their mode of technology transfer, further altering their productivity and export possibilities. Empirical tests based on a comprehensive dataset of Chinese firms from 2000 to 2006 support the model predictions. |
| Keywords: | Intellectual Property Enforcement, Exports, Firm Heterogeneity |
| JEL: | D23 F13 F14 O34 |
| Date: | 2018–07 |
| URL: | http://d.repec.org/n?u=RePEc:rsc:rsceui:2018/39&r=all |
| By: | Felix Poege; Dietmar Harhoff; Fabian Gaessler; Stefano Baruffaldi |
| Abstract: | Despite decades of research, the relationship between the quality of science and the value of inventions has remained unclear. We present the result of a large-scale matching exercise between the universes of 4.8 million patent families and 43 million publication records. We find a strong positive relationship between quality of scientific contributions referenced in patents and the value of the respective inventions. We rank patents by the quality of the science they are linked to. Strikingly, patents in the top decile are twice as valuable as patents in the bottom decile, which in turn are about as valuable as patents with no direct science link. We show this core result for various measures of science quality and patent value. The effect of science quality on patent value remains relevant even when science is linked indirectly, i.e., through other patents. Our findings imply that what is considered "excellent" within the science sector also leads to outstanding outcomes in the technological or commercial realm. |
| Date: | 2019–03 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1903.05020&r=all |