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Concordance and Complementarity in IP Instruments

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  • Marco Grazzi
  • Chiara Piccardo
  • Cecilia Vergari

Abstract

This work investigates the relationship between proxies of innovation activities, such as patents and trademarks, and firm performance in terms of revenues, growth and profitability. By resorting to the virtual universe of Italian manufacturing firms this work provides a rather complete picture of the Intellectual Property (IP) strategies pursued by Italian firms, in terms of patents and trademarks, and we study whether the two instruments for protecting IP exhibit complementarity or substitutability. In addition, and to our knowledge novel, we propose a measure of concordance (or proximity) between the patents and trademarks owned by the same firm and we then investigate whether such concordance exert any effect on performance.

Suggested Citation

  • Marco Grazzi & Chiara Piccardo & Cecilia Vergari, 2019. "Concordance and Complementarity in IP Instruments," JRC Working Papers on Corporate R&D and Innovation 2019-04, Joint Research Centre (Seville site).
  • Handle: RePEc:ipt:wpaper:201904
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    References listed on IDEAS

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    Keywords

    Trademarks; Patents; Innovation; Intellectual Property; Complementarity; Concordance; Technological proximity; firm performance; firm growth; firm performance; firm growth;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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