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来源类型Working Paper
规范类型报告
DOI10.3386/w24370
来源IDWorking Paper 24370
Is There a Role for Patents in the Financing of New Innovative Firms?
Bronwyn H. Hall
发表日期2018-03-05
出版年2018
语种英语
摘要It is argued by many that one of the benefits of the patent system is that it creates a property right to invention that enables firms to obtain financing for the development of that invention. In this paper, I review the reasons why ownership of knowledge assets might be useful in attracting finance and then survey the empirical evidence on patent ownership and its impact on the ability of firms to obtain further financing at different stages of their development, both starting up and after becoming established. Studies that attempt to separately identify the role of patent rights and the underlying quality of the associated innovation(s) will be emphasized, although these are rather rare.
主题Financial Economics ; Financial Institutions ; Corporate Finance ; Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w24370
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582043
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Bronwyn H. Hall. Is There a Role for Patents in the Financing of New Innovative Firms?. 2018.
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