Does patenting help high-tech start-ups?

Christian Helmers*, Mark Rogers

*Corresponding author for this work

Research output: Contribution to journalArticle

Abstract

Abstract: Using data on all high- and medium-tech start-ups in the UK in 2000, this paper assesses the effect associated with a firm's decision to patent on a firm's subsequent growth between 2001 and 2005. We propose a new approach to addressing well known issues challenging identification of any patent effect: firm heterogeneity, simultaneity between firm performance and patenting, and sample selection. Our findings suggest that patentees have higher asset growth than non-patentees of between 8% and 27% per annum. © 2011 Elsevier B.V. All rights reserved.

Original languageEnglish
Pages (from-to)1016-1027
Number of pages12
JournalResearch policy
Volume40
Issue number7
Early online date25 Jun 2011
DOIs
Publication statusPublished - Sep 2011

Bibliographical note

© 2011, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • growth
  • patents
  • start-ups

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