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|Title:||Patent Thickets, Licensing and Innovative Performance |
MacGarvie, Megan J.
Cockburn, Iain M.
|Issue Date:||2008 |
|Series/Report no.:||ZEW Discussion Papers 08-101|
|Abstract:||We examine the relationship between fragmented intellectual property (IP) rights and innovative performance, taking into consideration the role played by in-licensing of IP. Controlling for a variety of firm and market characteristics, we find that firms facing more fragmented IP landscapes are more likely to report expenditures on in-licensing and for those firms that do incur license costs we find a weak positive association between licensing expenditure and fragmented IP rights in the relevant technology. We also observe a negative relationship between IP fragmentation and innovative performance, but only for firms that engage in in-licensing and only for product innovation. The relationship between fragmentation and innovative performance also depends on the size of a firm's patent portfolio, which suggests an important strategic role for defensive patenting in the context of fragmented property rights.|
|more recent Version:||http://hdl.handle.net/10419/29635|
|Document Type:||Working Paper|
|Appears in Collections:||ZEW Discussion Papers|
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