Renewal of Patents and Government Financing

Arbeitspapier

I apply a survival model to a detailed dataset of Swedish patents to estimate how different factors affect the likelihood of patent renewal. Since the owners know more about the patents than potential external financiers, there is a problem of asymmetric information. To overcome this, Sweden has for a long time relied on government support rather than private venture capital. The empirical results show that patents which have received soft government financing in the R&D-phase have a higher probability of expiring than patents without such financing. But patents that have received more market-oriented government loans during the commercialization phase are renewed for as long as other commercialized patents. This finding indicates that it is the financing terms rather than bad choices of projects that explain the low renewal of patents with government financing.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IFN Working Paper ; No. 759

Classification and Topics

• Classification: Wirtschaft ; Corporate Finance and Governance: General ; Intellectual Property and Intellectual Capital ; Technological Change: Government Policy
• Subject: Patents ; Renewal ; Government Financing ; Survival Model ; Forschungs- und Technologiepolitik ; Patentrecht ; Forschungssubvention ; Risikokapital ; Patent ; Asymmetrische Information ; Schweden

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Svensson, Roger
• Event: Veröffentlichung
• (who): Research Institute of Industrial Economics (IFN)
• (where): Stockholm
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/81401
• Last update: 10.03.2025, 11:43 AM CET