Patents and the success of venture‐capital backed startups: using examiner assignment to estimate causal effects
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11640%2F18%3A00498644" target="_blank" >RIV/00216208:11640/18:00498644 - isvavai.cz</a>
Alternative codes found
RIV/67985998:_____/18:00496235
Result on the web
<a href="http://dx.doi.org/10.1111/joie.12168" target="_blank" >http://dx.doi.org/10.1111/joie.12168</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1111/joie.12168" target="_blank" >10.1111/joie.12168</a>
Alternative languages
Result language
angličtina
Original language name
Patents and the success of venture‐capital backed startups: using examiner assignment to estimate causal effects
Original language description
I study whether patent protection has a causal effect on entrepreneurial firm outcomes using a measure of patent examiner leniency as an instrument for getting patents. The analysis is based on sample of 1,950 U.S. startups applying for patent protection in the two years following their first round of venture capital funding. I find a positive and large effect of patents on firm success but only for life science firms and more important inventions. I interpret these results as reflecting the importance of patents in appropriating returns to invention in the life science industry.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Industrial Economics
ISSN
0022-1821
e-ISSN
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Volume of the periodical
66
Issue of the periodical within the volume
2
Country of publishing house
GB - UNITED KINGDOM
Number of pages
27
Pages from-to
350-376
UT code for WoS article
000448652200003
EID of the result in the Scopus database
2-s2.0-85055665474