Does patenting help high-tech start-ups?

被引:101
作者
Helmers, Christian [1 ]
Rogers, Mark [2 ,3 ]
机构
[1] Univ Carlos III Madrid, E-28903 Getafe, Spain
[2] Univ Oxford, Harris Manchester Coll, Oxford OX1 3TD, England
[3] Aston Univ, Aston Business Sch, Birmingham B4 7ET, W Midlands, England
关键词
Patents; Start-ups; Growth; SAMPLE SELECTION; SURVIVAL; INNOVATION; LOCATION; FIRMS;
D O I
10.1016/j.respol.2011.05.003
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
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. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码:1016 / 1027
页数:12
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