Strategic Management of Innovation and Patenting Performances

Abstract

This paper intends to contribute to the literature on the determinants of firms' patenting performances. In this respect it puts forward several new hypotheses related to the relationship between the strategic management of innovation and patenting performances. It relies on an original survey questionnaire on innovation competencies, innovation strategy and the perceived innovation barriers of 148 large firms in Belgium. The econometric results confirm several hypotheses already tested in the literature, including the positive impact of firm size, market concentration and technological opportunity. In addition, innovation strategy (e.g., product vs. process innovation; university partnership; the share of basic and applied research in total R&D), innovation competencies (e.g., ideas storage and codification; use of academic information), and barriers perception (e.g., internal barriers; risk/cost barriers) are all significant determinants of patenting performances.Innovation competencies, Innovation performances, Barriers to innovation, Patents