Do company-owned academic patents influence firm performance? Evidence from the Italian industry

We document that firms holding academic patents in their portfolios perform better in terms of market power since they benefit from academic knowledge spillovers generated by academic patents. On the other hand, we detect a negative effect on firms’ short-term profitability imputable to a larger fix...

Full description

Saved in:
Bibliographic Details
Published in:The Journal of technology transfer 2022-02, Vol.47 (1), p.242-269
Main Authors: Cerulli, Giovanni, Marin, Giovanni, Pierucci, Eleonora, Potì, Bianca
Format: Article
Language:English
Subjects:
Business and Management
Citations
Colleges & universities
Commercial Law
Datasets
Economic analysis
Economic Growth
Incentives
Industrial Organization
Industrial research
Influence
Innovation/Technology Management
Inventors
Knowledge management
Management
Profitability
Science
Technology transfer
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:We document that firms holding academic patents in their portfolios perform better in terms of market power since they benefit from academic knowledge spillovers generated by academic patents. On the other hand, we detect a negative effect on firms’ short-term profitability imputable to a larger fixed cost associated to the acquisition and exploitation of these patents. In terms of policy, our analysis suggests focusing on company-owned academic patents. A set of economic incentives dedicated to university–industry knowledge transfer through academic patents could support integration between basic and applied research.
ISSN:0892-9912
0892-9912
1573-7047
DOI:10.1007/s10961-020-09840-3