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COVID-19, Innovative Firms and Resilience

Author

Listed:
  • Michele Battisti
  • Filippo Belloc
  • Massimo Del Gatto

Abstract

This paper explores the empirical association between patents and various indicators of firm resilience during the COVID-19 pandemic with worldwide firm-level data from manufacturing industries. The study shows that patent-intensive firms have a reduced probability of exit, in particular if they are larger and if engaging with complementary investments in R&D and other intangibles. Additional estimates show that firm productivity has been an important transmission channel. Taken together, the results presented in the paper offer evidence-based findings pointing to patents as an important potential factor contributing to firm resilience during the COVID-19 pandemic. Policy insights are discussed.

Suggested Citation

  • Michele Battisti & Filippo Belloc & Massimo Del Gatto, 2023. "COVID-19, Innovative Firms and Resilience," WIPO Economic Research Working Papers 73, World Intellectual Property Organization - Economics and Statistics Division.
    • Handle: RePEc:wip:wpaper:73
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    File URL: https://www.wipo.int/edocs/pubdocs/en/wipo-pub-econstat-wp-73-en-covid-19-innovative-firms-and-resilience.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Firm resilience; patents; productivity; COVID-19;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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