Does patenting help high-tech start-ups?

By C. Helmers, M. Rogers. 2011

145 citations recorded by the source corpus.

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.

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

View Paper: https://www.semanticscholar.org/paper/9074292fb113f9def72be91d790ffb7c2fc4d646

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Citations in the corpus

Quality Signals? The Role of Patents, Alliances, and Team Experience in Venture Capital Financing (2015, unknown): “This explanation might reconcile our findings with results by Hsu and Ziedonis (2013) and Hoenen et al. (2014). These authors provide evidence of a distinct signaling effect of patents, but consider signals for venture quality overall while we focus on the venture’s technology quality.”
Patents, Trademarks, and Their Complementarity in Venture Capital Funding (2016, unknown): “…a start-up's degree of advancement regarding marketing (Mendonça et al., 2004), readiness in product or service development (Greenhalgh and Longland, 2005; Greenhalgh and Rogers, 2006a; Helmers and Rogers, 2011), and level of market orientation and market access (Block et al., 2014a, 2015).”
From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors (2017, background): “In addition, turning knowledge into property rights via patenting can ensure the presence of a salvage value, and thus increase bargaining power of entrepreneurs and their investors when negotiating with third parties (Ziedonis, 2004; Graham and Sichelman, 2008; Hoenig and Henkel, 2015).”
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”