Impact of patenting on firms' performance: an empirical investigation based on manufacturing firms in India

Sunil Ambrammal and Ruchi Sharma

Economics of Innovation and New Technology, 2016, vol. 25, issue 1, 14-32

Abstract: The study aims to estimate the impact of R&D expenditure and patenting on the performance of firms using productivity, profitability and Tobin's q ratio as the performance indicators. The study uses firm-level data of 489 high- and medium-technology firms during the period of 2000-2010. We employ relatively a new source of data particularly in the context of India, firm-level patent granted, that has not been explored earlier. The study finds that firms patenting result in productivity improvement of firms, whereas R&D expenditure does not. The study further finds the evidence of positive impact of patenting on financial performance of firm with significant differences between foreign and domestic firms.

Date: 2016
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Citations: View citations in EconPapers (7)

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DOI: 10.1080/10438599.2015.1043767

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