Non-accounting patent data and venture capital investment in the United Kingdom

Julia Smith and Renzo Cordina

Chapter 6 in Research Handbook on Accounting and Information Systems, 2024, pp 84-97 from Edward Elgar Publishing

Abstract: In this chapter, we explore the role of non-accounting information relating to patents in attracting more VC funding from UK-based VC firms. We use a novel data set which covers various non-accounting measures related to patenting and venture capital deals. Much of the previous work on patenting and venture capital (VC) investment has been based on transactional data relating to venture capital deals carried out in the United States. We go beyond looking only at the number of patents and use several distinct ‘patent measures’ to examine whether patenting has an effect on the size of the investment made by the VC firm. We find that in the UK, patenting appears to be attracting more VC funding, particularly in investee companies which are not operating in the IT sector.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2024
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