Resources as dual sources of advantage: Implications for valuing entrepreneurial‐firm patents

By David H. Hsu, Rosemarie H. Ziedonis. 2013

540 citations recorded by the source corpus.

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

View Paper: https://www.semanticscholar.org/paper/963c6b8d3279b09c5c8ee942b0f8dc710a9aadcf

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Citations in the corpus

The Schumpeterian entrepreneur: a review of the empirical evidence on the antecedents, behaviour and consequences of innovative entrepreneurship (2017, unknown): “…and combinations thereof increase the likelihood and amount of VC funding (Lerner 1994; Baum and Silverman 2004; Mann and Sager 2007; Audretsch, Bönte, and Mahagaonkar 2012; Conti, Thursby, and Rothaermel 2013; Hsu and Ziedonis 2013; Block et al. 2014; Haeussler, Harhoff, and Mueller 2014).”
Gender differences in the contribution patterns of equity-crowdfunding investors (2017, unknown): “Patent shows the capability of R&D staff and technical capabilities of the firm and is viewed as a valuable positive signal decreasing information asymmetry for investors (Hsu and Ziedonis 2013).”
The diminishing signaling value of patents between early rounds of venture capital financing (2014, background): “2 increase the amounts invested in firms that own them (Audretsch et al., 2012; Baum and Silverman, 2004; Cao and Hsu, 2011; Conti et al., 2013; Engel and Keilbach, 2007; Häussler et al., 2009; Hsu and Ziedonis, 2013; Mann and Sager, 2007).”
From the crowd to the market: The role of reward-based crowdfunding performance in attracting professional investors (2017, methodology): “…human and social capital, the initial money raised from friends and family, as well as the presence of patents (Stuart et al., 1999; Shane and Venkataraman, 2000; Shane and Cable, 2002; Hsu, 2007; Conti et al., 2013a,b; Helmers and Rogers, 2011; Hsu and Ziedonis, 2013; Haeussler et al., 2014).”
Patents, Trademarks, and Their Complementarity in Venture Capital Funding (2016, unknown): “Prior research has shown that patents influence the valuation of start-ups positively (e.g., Haeussler et al., 2012; Hsu, 2004; Hsu and Ziedonis, 2013).”
Better Together? Signaling Interactions in New Venture Pursuit of Initial External Capital (2016, background): “In addition to having unique characteristics, or resources, that set them apart from others, there are also a number of actions a firm can take to demonstrate their value to outside investors (Hsu & Ziedonis, 2013).”
The Use of Signals in New-Venture Financing: A Review and Research Agenda (2021, background): “The prominence of the investors is another influential factor, which has been described and verified as a type of certification that increases the credibility of signals (Hsu & Ziedonis, 2013; Ko & McKelvie, 2018).”
Some Simple Economics of Crowdfunding (2014, unknown): “Patents may also serve as a signal of quality (Häussler, Harhoff, and Müller 2012), in particular during earlier stages of fi nancing and when information asymmetry is likely to be high (Hsu and Ziedonis 2013).”
Betting on the Coachable Entrepreneur: Signaling and Social Exchange in Entrepreneurial Pitches (2018, background): “Examples of information signals include market and financial data (Huang & Knight, 2015), technological competency (Hsu & Ziedonis, 2013), or indicators of human, social, and intellectual capital (Ahlers et al., 2015; Baum & Silverman, 2004).”
R&D Subsidies as Dual Signals in Technological Collaborations (2019, background): “…previous studies distinguish the signaling effect from the substantive effect via implicit assumptions of the characteristics of signalers (e.g., Hsu and Ziedonis, 2013; Stuart et al., 1999), or their type (Pollock et al., 2010), or by means of sophisticated but indirect econometric…”