IP and Economic Performance

Lars Alkaersig, Karin Beukel and Toke Reichstein ()
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Lars Alkaersig: Technical University of Denmark
Karin Beukel: University of Copenhagen

Chapter 10 in Intellectual Property Rights Management, 2015, pp 176-190 from Palgrave Macmillan

Abstract: Abstract Innovation and technological development play a major role in driving economic growth. Firms who utilize IP to protect their investment in research and innovation can therefore expect to see a higher economic performance. Those firms that pursue IP and IP management to gain and preserve a competitive advantage do, however, expend considerable resources in the registration and enforcement of rights, so that not all IP active firms can expect an increased economic performance. In this chapter we compare the economic performance of the different IP archetypes, taking into account variation among firms, such as industry, size and structure. We find that IP Rookies and IP Inactives generally have lower revenues and profits when compared to similar firms that are more advanced IP archetypes. IP Strategic Dealers tend to outperform others, with higher revenues and profits when compared to similar IP Strategists or IP Rookies. However, IP Dealers sometimes see an increased economic performance when compared to the IP Strategist and IP Rookie, remaining at a level similar to the IP Strategic Dealer.

Keywords: Foreign Direct Investment; Intellectual Property; Economic Performance; Technical Change; Energy Drink (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46953-3_10

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DOI: 10.1057/9781137469533_10

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