The Fate of Patents: An Exploratory Analysis of Patents as Signals of Reputational Advantage
2013 (English)Report (Refereed)
Drawing on the reputation literature and signaling theory, this article builds on work that looks at patents as reputation signals.We build a multi-industry database of patents that expire due to lack of maintenance fee payments and test for a relationship between these patents and the firm’s IPO date.We find a significant and positive relationship between the likelihood of patents expiring due to lack of maintenance fee payments and the time to IPO. We also find that patents associated with firms which are not venture capital backed,are more likely to expire. Our findings suggest that patents that are used for signaling intentions are more likely to be underutilized.Implications for research and policy are discussed.
Place, publisher, year, edition, pages
CESIS , 2013. , 43 p.
, CESIS Electronic Working Paper Series, 348
Business Administration Economics
Research subject Economics; Industrial Engineering and Management; Business Studies
IdentifiersURN: urn:nbn:se:kth:diva-184726OAI: oai:DiVA.org:kth-184726DiVA: diva2:916730
The 35th DRUID Celebration Conference 2013: Innovation, Strategy and Entrepreneurship
QC 201604082016-04-042016-04-042016-04-08Bibliographically approved