The Impact of Initial Intellectual Property Decisions of Start-Ups on Innovation Performance

Li Hong, Gan Mengge () and Zhang Yibin
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Li Hong: Business Management, Shanghai University, Shanghai, 200444, China
Gan Mengge: Shanghai University, Shanghai, China
Zhang Yibin: Shanghai University, Shanghai, China

Entrepreneurship Research Journal, 2024, vol. 14, issue 4, 1781-1815

Abstract: We analyze the initial intellectual property (IP) decisions of 336 start-ups in IP-intensive industries in China, distinguishing among patents, trademarks, and IP portfolios. Our empirical results show that the initial IP decisions of start-ups have an impact on their innovation performance. Compared with start-ups that choose trademarks or patents, start-ups that choose IP portfolios have higher financial and non-financial innovation performance. Furthermore, venture capital positively moderates the relationship between initial IP decisions and non-financial innovation performance. VC-backed start-ups that choose IP portfolios are more likely than other start-ups to achieve higher non-financial innovation performance. Finally, strategic planning also plays a role in the relationship. Among the start-ups that choose IP portfolios, those with high strategic planning gain higher non-financial innovation performance. This paper contributes to research on initial IP decisions in entrepreneurial contexts by incorporating IP portfolios to initial IP decisions and uncovering the role of initial IP decisions in innovation performance.

Keywords: initial intellectual property decision; innovation performance; start-ups; strategic planning; venture capital (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/erj-2022-0293

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