Which IP Strategies Do Young Highly Innovative Firms Choose?

40 Pages Posted: 22 Jan 2014

See all articles by Cédric Schneider

Cédric Schneider

Copenhagen Business School - Department of Economics

Reinhilde Veugelers

Catholic University of Leuven (KUL) - Department of Applied Economics; Centre for Economic Policy Research (CEPR)

Date Written: 2013

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 with a high R&D intensive profile are more likely to combine formal and informal appropriation mechanisms. They are particularly more likely to choose secrecy. This holds especially when they introduce more radical innovations new to the market.

Keywords: Young Innovative Companies, appropriability, patents, secrecy

JEL Classification: G24, O31, O38

Suggested Citation

Schneider, Cédric and Veugelers, Reinhilde, Which IP Strategies Do Young Highly Innovative Firms Choose? (2013). Available at SSRN: https://ssrn.com/abstract=2382516 or http://dx.doi.org/10.2139/ssrn.2382516

Cédric Schneider (Contact Author)

Copenhagen Business School - Department of Economics ( email )

Solbjerg Plads 3
Frederiksberg C, DK-2000
Denmark

Reinhilde Veugelers

Catholic University of Leuven (KUL) - Department of Applied Economics ( email )

Leuven, B-3000
Belgium
+32 16 32 6908 (Phone)
+32 16 32 6732 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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