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Do R%D and licensing strategies influence start-ups' growth?

Author

Listed:
  • Dina Pereira
  • João Leitão
  • Tessaleno Devezas

Abstract

The present paper estimates the effects of US start-ups' R%D and licensing strategies on their growth, based on R%D intensity, start-ups' patents and in-licensing and out-licensing activities. To do so, we test a sample of 818 firms included in the Kauffman Foundation Survey, from the high-tech and medium high-tech sectors in the period 2004-2010. We reveal a positive and significant effect of R%D intensity and in-licensing on start-ups' growth. These conclusions are also ratified when controlling the activity sector, which has a major effect on sectors such as high-tech manufacturing industries and high-tech knowledge intensive services.

Suggested Citation

  • Dina Pereira & João Leitão & Tessaleno Devezas, 2015. "Do R%D and licensing strategies influence start-ups' growth?," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 25(2), pages 148-170.
  • Handle: RePEc:ids:ijesbu:v:25:y:2015:i:2:p:148-170
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