Early Patent Disclosure and R&D Investment in Family Firms

Katrin Hussinger and Wunnam Issah
Additional contact information
Wunnam Issah: University of Leicester School of Business, UK

DEM Discussion Paper Series from Department of Economics at the University of Luxembourg

Abstract: This paper shows that the American Inventor’s Protection Act, which introduced the disclosure of patent applications after 18 months, i.e. before a grant decision is taken and, hence, before it is known whether the respective technology receives legal protection, is associated with a reduction of family firms’ research and development (R&D) investment. This suggests that early disclosure of patent applications is perceived as a threat to family firms’ innovation activity and discourages their R&D investment. This finding deserves our attention because family firms account for a large share of the U.S. economy and a reduction of their R&D investment can have long-term consequences.

Keywords: R&D investments; AIPA; Family firms; Socio-emotional wealth (SEW). (search for similar items in EconPapers)
JEL-codes: G32 O30 O34 O38 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-cfn, nep-eur, nep-ino, nep-ipr, nep-sbm and nep-tid
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hdl.handle.net/10993/59985 (application/pdf)

Related works:
Working Paper: Early patent disclosure and R&D investment in family firms (2023)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:luc:wpaper:23-17

Access Statistics for this paper

More papers in DEM Discussion Paper Series from Department of Economics at the University of Luxembourg Contact information at EDIRC.
Bibliographic data for series maintained by Marina Legrand ().