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The Use of Intellectual Property Protection Mechanisms by Publicly Supported Firms

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  • Albert Link

    (University of North Carolina at Greensboro, Department of Economics)

  • Martijn van Hasselt

    (University of North Carolina at Greensboro, Department of Economics)

Abstract

Technology-based firms use intellectual property protection mechanisms (IPPMs) to appropriate the returns to their research investments. The empirical literature has generally focused on the use of IPPMs by private sector firms to appropriate the returns to their privately financed R&D-based technologies. To date, studies have not considered the use of IPPMs by private sector firms whose research is publicly financed. We identify empirically a number of significant covariates with the use of a portfolio of formal IPPMs consisting of patents, copyrights, and trademarks. However, our multivariate empirical analyses show that caution is needed in generalizing about such covariates when discussing any one particular formal IPPM.

Suggested Citation

  • Albert Link & Martijn van Hasselt, 2020. "The Use of Intellectual Property Protection Mechanisms by Publicly Supported Firms," UNCG Economics Working Papers 20-9, University of North Carolina at Greensboro, Department of Economics.
    • Handle: RePEc:ris:uncgec:2020_009
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    1. Philippe Aghion & Ufuk Akcigit & Ari Hyytinen & Otto Toivanen, 2017. "The social origins of inventors," CEP Discussion Papers dp1522, Centre for Economic Performance, LSE.
    2. Isabel Busom, 2000. "An Empirical Evaluation of The Effects of R&D Subsidies," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 9(2), pages 111-148.
    3. Bronwyn Hall & Christian Helmers & Mark Rogers & Vania Sena, 2014. "The Choice between Formal and Informal Intellectual Property: A Review," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 375-423, June.
    4. Albert N. Link & John T. Scott, 2013. "Employment growth from public support of innovation in small firms," Chapters, in: Public Support of Innovation in Entrepreneurial Firms, chapter 3, pages 41-64, Edward Elgar Publishing.
    5. Cristiano Antonelli, 2020. "Knowledge exhaustibility public support to business R&D and the additionality constraint," The Journal of Technology Transfer, Springer, vol. 45(3), pages 649-663, June.
    6. David B. Audretsch & Albert N. Link & Martijn Hasselt, 2019. "Knowledge begets knowledge: university knowledge spillovers and the output of scientific papers from U.S. Small Business Innovation Research (SBIR) projects," Scientometrics, Springer;Akadémiai Kiadó, vol. 121(3), pages 1367-1383, December.
    7. Martin S. Andersen & Jeremy W. Bray & Albert N. Link, 2017. "On the failure of scientific research: an analysis of SBIR projects funded by the U.S. National Institutes of Health," Scientometrics, Springer;Akadémiai Kiadó, vol. 112(1), pages 431-442, July.
    8. David Audretsch & Albert Link & Martijn van Hasselt, 2019. "Knowledge Begets Knowledge: Knowledge Spillovers and the Output of Scientific Papers from U.S. Small Business Innovation Research (SBIR) Projects," UNCG Economics Working Papers 19-12, University of North Carolina at Greensboro, Department of Economics.
    9. Sara Amoroso & Albert N. Link, 2021. "Intellectual property protection mechanisms and the characteristics of founding teams," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 7329-7350, September.
    10. Jeffrey M Wooldridge, 2010. "Econometric Analysis of Cross Section and Panel Data," MIT Press Books, The MIT Press, edition 2, volume 1, number 0262232588, December.
    11. Lorenzo Cappellari & Stephen P. Jenkins, 2003. "Multivariate probit regression using simulated maximum likelihood," Stata Journal, StataCorp LLC, vol. 3(3), pages 278-294, September.
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    13. Anna Potekhina & Knut Blind, 2020. "What motivates the engineers to patent? A study at the Chinese R&D laboratories of a European MNC," The Journal of Technology Transfer, Springer, vol. 45(2), pages 461-480, April.
    14. Steven Bednar & Dora Gicheva & Albert N. Link, 2021. "Innovative activity and gender dynamics," Small Business Economics, Springer, vol. 56(4), pages 1591-1599, April.
    15. Albert N. Link, 2013. "Public Support of Innovation in Entrepreneurial Firms," Books, Edward Elgar Publishing, number 15558.
    16. Bronwyn Hall & Christian Helmers & Mark Rogers & Vania Sena, 2014. "The Choice between Formal and Informal Intellectual Property: A Review," Journal of Economic Literature, American Economic Association, vol. 52(2), pages 375-423, June.
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    Cited by:

    1. Maribel Guerrero & Albert N. Link & Martijn Hasselt, 2024. "The transfer of federally funded technology: A study of small, entrepreneurial, and ambidextrous firms," Small Business Economics, Springer, vol. 62(3), pages 1009-1023, March.
    2. Christopher S. Hayter & Albert N. Link, 2022. "From discovery to commercialization: accretive intellectual property strategies among small, knowledge-based firms," Small Business Economics, Springer, vol. 58(3), pages 1367-1377, March.

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    Keywords

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    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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