Which IP Strategies Do Young Highly Innovative Firms Choose?
40 Pages Posted: 22 Jan 2014
Date Written: 2013
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: Suggested Citation