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Do R%D and licensing strategies influence start-ups' growth?

Dina Pereira, João Leitão and Tessaleno Devezas
Authors registered in the RePEc Author Service: João Leitão ()

International Journal of Entrepreneurship and Small Business, 2015, vol. 25, issue 2, 148-170

Abstract: The present paper estimates the effects of US start-ups' R%D and licensing strategies on their growth, based on R%D intensity, start-ups' patents and in-licensing and out-licensing activities. To do so, we test a sample of 818 firms included in the Kauffman Foundation Survey, from the high-tech and medium high-tech sectors in the period 2004-2010. We reveal a positive and significant effect of R%D intensity and in-licensing on start-ups' growth. These conclusions are also ratified when controlling the activity sector, which has a major effect on sectors such as high-tech manufacturing industries and high-tech knowledge intensive services.

Keywords: in-licensing; IP management; out-licensing; intellectual property; panel data; patents; R%D intensity; start-ups; startup growth; research and development; high-tech manufacturing; high-tech KIS; knowledge intensive services; high technology. (search for similar items in EconPapers)
Date: 2015
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Handle: RePEc:ids:ijesbu:v:25:y:2015:i:2:p:148-170