15 research outputs found

    Does international patent collaboration have an effect on entrepreneurship?

    Get PDF
    .Entrepreneurship is one of the main pillars of growth in any economy. Achieving a high rate of entrepreneurship in a region has become the priority objective of governments and firms. However, in many cases, new firm creation is conditioned by relations or collaboration in innovation with agents from other countries. Previous literature has analyzed the mechanisms that foster entrepreneurship. This paper attempts to shed light on the influence of international patent collaboration (IPC) on entrepreneurial activity at country level taking into account the timing of this relationship. An empirical study is proposed to verify whether IPC leads to greater entrepreneurship and to analyze the gestation period between international patenting actions and firm creation. Using the Generalized Method of Moments, the two hypotheses proposed were tested in a data panel of 30 countries for the period 2005‚Äď2017. Results show the influence of IPC in promoting entrepreneurship in the same year, but especially in the following year. The study offers implications for entrepreneurs and public agents. IPC affects the integration and interaction of international agents in a country, favors the production of new knowledge, and increases positive externalities in a territory. All this facilitates the creation of new companies with a high innovative component.S

    La colaboración internacional en materia de patentes y su efecto sobre la creación de empresas

    Get PDF
    To achieve a high rate of entrepreneurship in a region has become a priority goal for governments and businesses. This paper seeks to shed light on the influence of international patent collaboration (IPC) on entrepreneurial activity at the country level by considering the timing of this relationship. A data panel of 30 countries for the 2005-2017 period is used to go in depth with this relationship. The results show the influence of IPC on the promotion of entrepreneurship in the same year, but especially in the following year.Lograr una alta tasa de emprendimiento en una regi√≥n se ha convertido en el objetivo prioritario de gobiernos y empresas. Este trabajo arroja luz sobre la influencia de la colaboraci√≥n internacional en materia de patentes (CIP) en la actividad emprendedora a nivel de pa√≠s teniendo en cuenta el momento en que se produce esta relaci√≥n. Con el fin de profundizar en esta relaci√≥n se utiliza un panel de datos de 30 pa√≠ses para el periodo 2005-2017. Los resultados muestran la influencia de la CIP en la promoci√≥n del esp√≠ritu empresarial en el mismo a√Īo, pero especialmente en el a√Īo siguiente

    How does Internationalisation affect the productivity of R&D activities in large innovative firms? A conditional nonparametric investigation

    Get PDF
    This work explores the relationship between multinational R&D and innovation productivity among top corporate knowledge and R&D producers by adopting a twofold concept of internationalisation: (1) the firm’s degree of R&D internationalisation, and (2) the firm’s geographic diversification. We model the patent production process with an appropriate and robust conditional Data Envelopment Analysis (DEA) estimator, using a unique database of firms that matches financial indicators and patent information. Our results reinforce the fundamental role of internationalisation in the knowledge production process when the internationalisation process is properly and strategically managed. We interpret our empirical evidence through the theoretical lens of the learning theory of internationalisation, and we postulate that a high R&D intensity is a key driver to overcoming the challenges of internationalisation

    The Role of International Collaborations in Securing the Patent Grant

    Get PDF
    Our study examines whether patent applications with international collaborations are more likely to be awarded a US patent than applications without. It contributes significantly to the growing literature that examines from the innovator‚Äôs viewpoint the likelihood of securing the patent grant. The analysis focuses on the full sample (almost half a million) of patent applications over the period 2001-2009 at the USPTO, that disclosed at least one EU located inventor, and furthermore, explicitly distinguishes between countries with high and low number of patent applications. Firstly, we find that applications from teams rather than individual inventors are more successful in obtaining a patent grant, and that results are even better for international teams. Our key finding is that the presence of a US entity, either as inventor or owner, plays an important role in securing the grant. For low innovative countries, other types of international collaborations also matter significantly pointing to the benefits for these countries to become more extrovert. We further find that a large part of the US ‚Äėeffect‚Äô can be attributed to additional prosecution efforts, as it is evident by continuing patent applications

    The impact of environmental performance on stock prices in the green and innovative context

    Get PDF
    .This study examines the impact of environmental performance on firms' stock prices, considering the moderating effect of the green and innovative environmental context by country. Renewable energy policies, green technologies, and foreign trade form this environmental context of interest for the reduction of carbon emissions. Using a sample of 2638 firm-year observations for the firms listed in the main stock index of 16 European countries over the period of 2005‚Äď2017, we find that environmental performance is value-relevant, except during the worst years of a crisis, when it is not significant. Two elements of the green technological framework, namely, renewable energy policies and the potential transmission effect of technology through foreign trade, are valued by investors as offsetting factors of the positive effect exerted by carbon performance on the firm's value. This is consistent with the slow and costly adoption of greener technologies. However, registered green patents appear to be a turning point, showing a significant positive effect on the relationship between firms' environmental performances and their market values. Again, the crisis period interferes with deepening the negative effect of renewable energy policies and cancelling out the effect of green patents and foreign trade. On one hand, our results highlight the market's role in making inefficiencies visible and showing the potential future losses of green and innovative policies; on the other hand, the hampering interference of crisis periods must be considered by policymakers.S

    Investors’ aspirations toward social impact: A portfolio-based analysis

    Get PDF
    In the last ten years, we have witnessed a proliferation of investors claiming blended value strategies, i.e., pursuing both economic and social returns in their investments. Aside from this rush for self-selecting in a blended value finance context, we still do not know to what extent the investors‚Äô claims actually reflect investment decisions. Evidence suggests that, in some cases, such investors tend to maximize the social performance over the financial performance; in some others, the effect is reverted, but literature currently lacks studies aligning the analysis of the investment decisions with the investment portfolios. Yet, it is still unclear whether blended value investment decisions are enacted as a result of investors‚Äô deliberate strategies and what influences this relationship. In this paper we tackle this issue, analyzing the extent to which investors‚Äô finance firms pursuing goals aligned with their strategic aspirations. Specifically, adopting a Fractional Logistic Regression model, we test the effect of investors‚Äô aspirations toward social impact on the extent to which their investees (i.e., the portfolio of firms in which they invest) pursue social returns. Results suggest the existence of a positive and significant investor‚Äďportfolio alignment effect (i.e., the higher the investors‚Äô aspirations toward social impact, the higher the number of investees with higher social aspirations). Yet, this effect is influenced by contingencies at both investor and portfolio levels. Investors with strong aspirations toward social impact that: (i) invest in countries with high levels of social inequality, and (ii) are located in countries that support social progress and maximize, in their portfolios, the presence of businesses pursuing social impact. We discuss implications for future researchers, policymakers and practitioners

    La colaboración internacional en materia de patentes y su efecto sobre la creación de empresas

    Get PDF
    [ES] Lograr una alta tasa de emprendimiento en una regi√≥n se ha convertido en el objetivo prioritario de gobiernos y empresas. Ambos tienen a la innovaci√≥n en el centro de sus pol√≠ticas de gobierno o de sus estrategias empresariales. Sin embargo, la globalizaci√≥n ha provocado que estas innovaciones se produzcan cada vez m√°s en colaboraci√≥n con otras empresas o gobiernos que no siempre est√°n en el mismo pa√≠s. En ese trabajo nos centramos en ver c√≥mo una mayor colaboraci√≥n internacional entre organizaciones a la hora de crear nuevas patentes permite crear nuevas empresas como consecuencia de esa relaci√≥n previa. Para ello, analizamos el comportamiento de las organizaciones en un total de 30 pa√≠ses para el periodo 2005-2017. Los resultados muestran que, en algunos casos, esta colaboraci√≥n entre organizaciones para desarrollar patentes permite crear nuevas empresas en ese mismo a√Īo, pero en la mayor parte de los casos requiere al menos un a√ĪoSICon el apoyo el apoyo financiero del Ministerio de Ciencia e Innovaci√≥n de Espa√Īa [proyecto PID2019-105140RB-I00]

    Factors affecting the quality of joint patents in China

    Get PDF
    This thesis expects to contribute to the understanding of the factors affecting the quality of joint patents based on empirical investigations using large datasets.The first empirical study looks at the propensity of different technology level sectors to engage in joint patenting activities. Higher industrial sectors are more likely to collaborate with universities for technological innovations.The second empirical study analyses the effects of co-ownerships with cross-border partners and universities on the quality of joint patents owned by Chinese firms. While cross-border co-ownership on its own is a strong predictor of joint patent quality, the positive effect of university co-ownership on quality is clearly observed when cross-border co-ownership is added. The evidence on the effect of organisational proximity (joint patents between subsidiaries of an enterprise) is ambiguous.The third empirical study investigates whether the relationships observed in China are also found in international evidence by using a larger data set for 80 countries covering industrialised emerging and developing countries. Collaborations between countries with substantial income differences, for example emerging and developed countries, positively impact on joint patent quality. Collaborations between low-income countries have been unsuccessful in improving patent quality.The fourth empirical study explores the roles of cognitive proximity and organizational proximity in shaping the innovation performance of firm-university collaborations in China. Cognitive proximity has a positive impact on the quality of joint patents. However, beyond a certain level of cognitive proximity, the positive impact on value creation diminishes. Organizational proximity is insignificantly related to the value of joint patents.In summary, joint patenting performance is stronger where there is greater cognitive proximity of firms with cross-border partners and universities and firms have a sufficiently high level of technological capacity. Generally organizational proximity is less significan

    Does institutional quality matter in fostering social progress: A cross national examination

    Get PDF
    The first Social Progress Index (SPI) report was released in 2013; a handful of studies examined the determinants of social progress at country level as an instrument in evaluating nation’s prosperity. This study focuses on determining the relationship between institutional quality measured by the World Governance Index (WGI) and social progress measured (SPI).The results are based on the secondary data from 107 countries over a four year period (2014-2017), after controlling Gross Domestic Product per capita, innovativeness and trustworthiness. The result was in favor of the fixed effect model. The findings illustrate that institutional quality was consistently significant in fostering social progress. This study is unique in that, it is the first that examined the role of formal institutional quality in promoting social progress at country level by using SPI as a measurement of social progress

    Index of Silicon Valley 2010

    Get PDF
    Provides data on the area's demographic, economic, societal, environmental, and political trends. Analyzes post-recession prospects for its global connectivity, ability to attract talent, technological innovation, and state and federal governments' roles
    corecore