文章基本信息

标题：Diversification of procedural and administrative costs and innovation: Some firm-level evidence
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作者：Mitja Kovac ; Rok Spruk
期刊名称：International Journal of Innovation Studies
印刷版ISSN：2096-2487
出版年度：2021
卷号：5
期号：2
页码：56-98
DOI：10.1016/j.ijis.2021.05.002
出版社：Elsevier
摘要：We examine the diversification of administrative and procedural costs on patent stock using a large dataset from the European Patent Office with 15,000 firms for the period between 1995 and 2015. The results reveal that administrative and procedural costs are significant for firm-level patenting activity. However, not all administrative and procedural costs have equal effects. Higher administrative costs often encourage patent application and validation by solving the adverse selection problem and short-run opportunism, as well as other sources of asymmetric information. The effective administration of intellectual property law and low-cost enforcement are found to considerably foster patenting activity. The effects are robust for various mis-specification checks and do not disappear once country-level research and development infrastructure proxies are controlled for. The extreme bounds of administrative and procedural costs are computed across more than 5 billion regressions, and the sizeable impact of administration on patent application and validation outcomes is confirmed.
关键词：Patents ; Intellectual property rights ; Patent stock ; Diversification of procedural and administrative cost