Does patenting help high-tech start-ups?

Helmers, Christian and Rogers, Mark (2011). Does patenting help high-tech start-ups? Research policy, 40 (7), pp. 1016-1027.

Abstract

Abstract: Using data on all high- and medium-tech start-ups in the UK in 2000, this paper assesses the effect associated with a firm's decision to patent on a firm's subsequent growth between 2001 and 2005. We propose a new approach to addressing well known issues challenging identification of any patent effect: firm heterogeneity, simultaneity between firm performance and patenting, and sample selection. Our findings suggest that patentees have higher asset growth than non-patentees of between 8% and 27% per annum. © 2011 Elsevier B.V. All rights reserved.

Publication DOI: https://doi.org/10.1016/j.respol.2011.05.003
Divisions: Aston Business School > Economics, Finance & Entrepreneurship
Additional Information: © 2011, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Uncontrolled Keywords: growth,patents,start-ups,Engineering(all),Management of Technology and Innovation,Strategy and Management,Management Science and Operations Research
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Related URLs: http://www.scop ... tnerID=8YFLogxK (Scopus URL)
https://www.sci ... 0680?via%3Dihub (Publisher URL)
Published Date: 2011-09
Authors: Helmers, Christian
Rogers, Mark

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