Early patent disclosure and R&D investment in family firms

Katrin Hussinger and Wunnam Issah

No 23-044, ZEW Discussion Papers from ZEW - Leibniz Centre for European Economic Research

Abstract: This paper shows that the American Inventor's Protection Act, which introduced the disclosure of patent applications after 18 months, i.e. before a grant decision is taken and, hence, before it is known whether the respective technology receives legal protection, is associated with a reduction of family firms' research and development (R&D) investment. This suggests that early disclosure of patent applications is perceived as a threat to family firms' innovation activity and discourages their R&D investment. This finding deserves our attention because family firms account for a large share of the U.S. economy and a reduction of their R&D investment can have long-term consequences.

Keywords: R&D investments; AIPA; Family firms; Socio-emotional wealth (SEW) (search for similar items in EconPapers)
JEL-codes: M14 O32 O34 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-ino, nep-ipr, nep-sbm and nep-tid
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https://www.econstor.eu/bitstream/10419/279811/1/187035351X.pdf (application/pdf)

Related works:
Working Paper: Early Patent Disclosure and R&D Investment in Family Firms (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zewdip:279811

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