When Does Start-Up Innovation Spur the Gale of Creative Destruction?

By Joshua S. Gans, David H. Hsu, Scott Stern. 2000

784 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/8c4c923b9a446e9db058d49635fd98162c567881

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Citations in the corpus

Is There a Market for Ideas (2010, positive): “Whereas Gans et al. (2002) emphasize that formal IP rights such as patents encourage collaborative (but bilateral) commercialization, the analysis here suggests that patents play an arguably more central role in multilateral settings.”
Trademarks and Venture Capital Valuation (2014, neutral): “VCs are interested in financial returns, which can be achieved in several ways, e.g., engaging in product market competition, licensing, or collaborating with established firms through alliances or acquisitions (Baum and Silverman, 2004; Gans et al., 2002).”
Growth through Heterogeneous Innovations (2018, neutral): “3 Classics include Romer (1986, 1990), Grossman and Helpman (1991), Aghion and Howitt (1992), Jones (1995), Aghion, Howitt, and Vickers (1997), Kortum (1997), Howitt (1999), and Aghion et al.”
The diminishing signaling value of patents between early rounds of venture capital financing (2014, background): “The linkage between patents and firm performance has been attributed largely to monopolistic market rights and future technology options, protection from competitors, and improvements in the negotiating position of patent holders with partners, investors and remaining stakeholders (Blind et al., 200”
Patents as Signals for Startup Financing: Patents as Signals for Startup Financing (2013, result): “00.(19) These tests are consistent with the hypothesis that patents have a signaling value.”
Can You Gig It? An Empirical Examination of the Gig Economy and Entrepreneurial Activity (2018, background): “With industry disruption comes the expectation of eventual economic growth, innovation, and entrepreneurship (Gans et al. 2002, Ireland et al. 2003, McAfee and Brynjolfsson 2008).”
Modes of Cooperative R&D Commercialization by Start-ups (2009, positive): “The first, equity use, is an indicator of organizational hierarchy (among other things),(3) while the second, arm’s-length licensing, allows for the division of labor between innovators and commercializers (Arora, Fosfuri, and Gambardella, 2001; Gans et al., 2002).”
In search of complementary assets: The determinants of alliance formation of high-tech start-ups (2006, methodology): “7 Sponsored NTBFs enjoy an advantage with respect to their non-sponsored counterparts as they can also rely on the social network of and endorsement by the sponsor (Gans et al., 2002; Gans and Stern, 2003; Hsu, 2006).”
Patents, Thickets and the Financing of Early-Stage Firms: Evidence from the Software Industry (2009, positive): “Arora, Fosfuri and Gambardella (2001), Gans and Stern (2000), Gans, Hsu, and Stern (2002), and others have highlighted the role of patents and other formal IP rights in supporting a “market for technology” which provides an avenue for new entrants to realize value from innovation by licensing, or…”
R&D and the Patent Premium (2008, neutral): “Licensing is also an important determinant of patent effectiveness, suggesting that the estimated patent premium will reflect profits obtained from the use of patents in markets for technology as well (cf. Arora et al., 2001; Gans et al., 2002).”
How patenting informs VC investors - The case of biotechnology (2014, methodology): “As an alternative to our ‘horse race’ specification, we employed the method suggested by Abbring and van den Berg (2003), which was applied by Gans et al. (2008). To control for unobserved heterogeneity, we included the average time lag between the publication date of the search report and the appli”