Which IP Strategies Do Young Highly Innovative Firms Choose

Reinhilde Veugelers, Cédric Schneider

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

This paper describes and analyzes the strategies of young highly innovative companies to appropriate the returns from their innovations. Upon controlling for other firm and industry characteristics, we show that firms combining a young age and small scale with a high R&D intensive profile are more likely to use intellectual property (IP), specifically combining formal and informal appropriation mechanisms. They are especially more likely to choose secrecy in combination with formal IP. This holds primarily when they introduce more radical innovations new to the market.
This paper describes and analyzes the strategies of young highly innovative companies to appropriate the returns from their innovations. Upon controlling for other firm and industry characteristics, we show that firms combining a young age and small scale with a high R&D intensive profile are more likely to use intellectual property (IP), specifically combining formal and informal appropriation mechanisms. They are especially more likely to choose secrecy in combination with formal IP. This holds primarily when they introduce more radical innovations new to the market.
LanguageEnglish
JournalSmall Business Economics
Volume50
Issue number1
Pages113-129
ISSN0921-898X
DOIs
StatePublished - 2018

Keywords

  • Young innovative companies
  • Appropriability
  • Patents

Cite this

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Which IP Strategies Do Young Highly Innovative Firms Choose. / Veugelers, Reinhilde; Schneider, Cédric.

In: Small Business Economics, Vol. 50, No. 1, 2018, p. 113-129.

Research output: Contribution to journalJournal articleResearchpeer-review

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