Innovation strategy and the patenting behavior of firms
Carine Peeters () and
Bruno van Pottelsberghe de la Potterie
ULB Institutional Repository from ULB -- Universite Libre de Bruxelles
This paper investigates whether firms' innovation strategies affect their patenting behavior, as measured by both the probability of having a patent portfolio and the number of active patents held. Three main dimensions of an innovation strategy are taken into account: the relative importance of basic research, applied research and development work in total R&D activities, the product or process orientation of innovation efforts, and the extent to which firms enter into collaborative R&D with other institutions. The major findings can be summarized as follows: (1) taking into account the various dimensions of an innovation strategy turns out to approximate the patenting behavior of firms better than the traditional Schumpeterian hypotheses related to firm size and market power; (2) there is a positive relationship between the patent portfolio of firms and an outward-oriented innovation strategy characterized by R&D partnerships with external organizations - scientific institutions and competitors in particular; (3) process-oriented innovators patent less than product-oriented innovators; (4) a stronger focus on basic and applied research is associated with a more active patenting behavior; (5) firms that perceive high barriers to innovation (internal, risk-related or external barriers) have smaller patent portfolios; (6) the perceived limitations of the patent system do not significantly influence the patenting behavior, suggesting that firms patent for other strategic reasons than merely protecting innovation rents.
Keywords: Collaborative R&D; Innovation strategy; Patent portfolio; Patent system; Product innovation (search for similar items in EconPapers)
Note: SCOPUS: cp.j
References: Add references at CitEc
Citations: View citations in EconPapers (55) Track citations by RSS feed
Published in: Journal of evolutionary economics (2006) v.16 n° 1-2,p.109-135
Downloads: (external link)
https://dipot.ulb.ac.be/dspace/bitstream/2013/1675 ... tenting_behavior.pdf Peeters_vanPot_2006_JEE_Innovation_strategy_patenting_behavior (application/pdf)
Chapter: Innovation strategy and the patenting behavior of firms (2007)
Journal Article: Innovation strategy and the patenting behavior of firms (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ulb:ulbeco:2013/167553
Ordering information: This working paper can be ordered from
http://hdl.handle.ne ... lb.ac.be:2013/167553
Access Statistics for this paper
More papers in ULB Institutional Repository from ULB -- Universite Libre de Bruxelles Contact information at EDIRC.
Bibliographic data for series maintained by Benoit Pauwels ().