| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12195 |
| 来源ID | Working Paper 12195 |
| The Private Value of Software Patents | |
| Bronwyn H. Hall; Megan MacGarvie | |
| 发表日期 | 2006-05-08 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | We investigate the value creation or destruction associated with the introduction of software patents in the United States in two ways. The first looks at the cumulative abnormal returns to Information and Communication Technology (ICT) firms around the time of important court decisions that impacted software patents, and the second analyzes the relationship between firms' stock market value, the sector in which they operate, and their holdings of software patents. We conclude that the market evaluated software patents as a negative development ex ante. Ex post, a greater number of firms in all ICT sectors invested in these patents, and these firms had slightly higher market values than those with no software patents. However, while we obtain clear evidence that the technological importance or quality of patented innovation mattered for the market value of hardware firms both before and after the legal changes, it is less clear that the marginal patent right per se was associated with increases in market value, and there are no significant valuation effects associated with patents for pure software firms after the change. |
| 主题 | Development and Growth ; Innovation and R& ; D ; Industrial Organization ; Industry Studies |
| URL | https://www.nber.org/papers/w12195 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569849 |
| 推荐引用方式 GB/T 7714 | Bronwyn H. Hall,Megan MacGarvie. The Private Value of Software Patents. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12195.pdf（408KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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