Patents, Real Options and Firm Performance
Datos Bibliográficos
| ID | 9714082 |
|---|---|
| Autores | Nena Bloom (0000-0002-1600-7819), Nicholas Bloom (Institute for Fiscal Studies), John Van Reenen (0000-0001-9153-2907, Institute for Fiscal Studies and University College London) |
| Año | 2002 |
| Volumen | 112 |
| Número | 478 |
| Páginas | C97-C116 |
| Fecha de publicación | 2002-03-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Economic Journal (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editorial | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/1468-0297.00022 |
| OpenAlex | W2100710524 |
| Idioma | EN |
| Citas recibidas | 38 |
| Referencias citadas | 27 |
that patents have an economically and statistically significant impact on firm-level productivity and market value. While patenting feeds into market values immediately it appears to have a slower effect on productivity. This generates valuable real options because patents provide exclusive rights to develop new innovations, enabling firms to delay investments. Higher market uncertainty, which increases the value of real options, reduces the impact of new patents on productivity. If the government's policy to reduce uncertainty is successful then this should increase the productivity of Britain's knowledge capital
Business · Capital (architecture · Economic growth · Economics · Geography · Government (linguistics · Market value · Productivity · Statistics · Value (mathematics · Accounting · Aging, Elder Care, and Social Issues · Health, Medicine and Society · Hermeneutics and Narrative Identity
Competition and Innovation
Innovation and firm growth in high-tech sectors
Uncertainty and Investment Dynamics
Patent statistics
Financial development and innovation
Innovation and Top Income Inequality
Competition and Innovation
How to characterize patent quality with multiple indicators? Evidence based on economic performance of Chinese companies
Measurement of disruptive innovation and its validity based on improved disruption index
Intellectual property protection mechanisms and the characteristics of founding teams
Innovation and sales growth intentions among the solopreneurs
Obtaining certainty vs. creating uncertainty
Who to collaborate
Industrial design rights and the market value of firms
Firm performance and information security technology intellectual property
Energy efficiency
CEOs’ political ideologies and innovation
The Role of Foreign Direct Investment and State Capture in Shaping Innovation Outcome in Russia
The nexus between labor diversity and firm’s innovation
Do patent rights matter? 40 years of innovation, complexity and productivity
Real options and demographic decisions
China's rising IQ (Innovation Quotient) and growth
China as number one? Evidence from China's most recent patenting surge
How Digital Transformation Drives the Value Enhancement of SMTEs from the Perspective of Technology, Business and Social Interaction
The Effects of Green Cards on the Wages and Innovations of New PhDs
Geographical differences in intellectual property strategies and outcomes
Patent Protection, Market Uncertainty, and R&D Investment
Roads and Innovation
What Happens When Firms Patent? New Evidence from U.S. Economic Census Data
Shifts in graduate mobility between Chinese cities during Covid-19
Better late than never’
R&D profitability
Academic Inventors and the Antecedents of Green Technologies. A Regional Analysis of Italian Patent Data
International Trends in Technological Progress
Of Smart Phone Wars and Software Patents
Resilience, Skill Endowment, and Diversity
The Geography of Complex Knowledge
Intellectual Property Use and Firm Performance
The Value of Waiting to Invest
Answering the Skeptics
The Size Distribution of Innovating Firms in the UK
Econometric Models for Count Data with an Application to the Patents-R & D Relationship
Market Share, Market Value and Innovation in a Panel of British Manufacturing Firms
Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations
Some Tests of Specification for Panel Data
Initial conditions and moment restrictions in dynamic panel data models
Technical Change and the Aggregate Production Function
Technological Activity and Employment in a Panel of UK Firms
On Patents, R & D, and the Stock Market Rate of Return
Entry and Exit Decisions under Uncertainty
Dynamic Count Data Models of Technological Innovation
| Obras citantes distintas | 38 |
|---|---|
| Citas por año | 1,73 |
| Intervalo de citas | 2004 - 2026 (23) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 38 |