Artikel
Innovation through patents and intangible assets: Effects on growth and profitability of European companies
Innovation is widely considered one of the most important drivers for firm growth in the contemporary economy. However, the 'elusive' as well as heterogeneous nature of innovation has generated a lively debate among scholars with regards to the best metrics to capture its features and effects. Often, this has led to a reliance on R&D and/or patent-related measures. We contribute to this debate by pushing forward the idea that a positive effect of investing in intangibles like patents can't be taken for granted, since it is significantly influenced by the way a firm's portfolio of patents is created, assembled, and renewed over time. Starting from a sample of 6677 observations derived from a sample of listed European companies with patents and intangibles booked in their financial statements, this study sheds a new light on how a company creates, composes, and renews over time their portfolio of intangibles, with specific attention on patents. In particular, this contribution discusses the different effects that emerge by making a distinction among different forms of patents, considering two dimensions: broadening vs. deepening investments, and application-specific vs. general purpose investments. We notice that as a company increases investments in intangibles and simultaneously enlarges the breadth of their range of activities, its growth becomes particularly remarkable.
- Language
-
Englisch
- Bibliographic citation
-
Journal: Journal of Open Innovation: Technology, Market, and Complexity ; ISSN: 2199-8531 ; Volume: 7 ; Year: 2021 ; Issue: 4 ; Pages: 1-19
- Classification
-
Management
- Subject
-
intangible
patents
profitability
- Event
-
Geistige Schöpfung
- (who)
-
Bagna, Emanuel
Cotta Ramusino, Enrico
Denicolai, Stefano
- Event
-
Veröffentlichung
- (who)
-
MDPI
- (where)
-
Basel
- (when)
-
2021
- DOI
-
doi:10.3390/joitmc7040220
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Bagna, Emanuel
- Cotta Ramusino, Enrico
- Denicolai, Stefano
- MDPI
Time of origin
- 2021
Other Objects (12)
Intangible assets and firm-level productivity
Intangible assets and labor productivity growth
Intangible assets and firm-level productivity
Research on the Appraisal of Intangible Assets in Romanian Companies
Management von Intangible Assets
Intangible assets, risk management committee, and audit fee
Essays in Intangible Corporate Assets
Intangible Assets – An Open Issue
The impact of valuation rules for intangible assets in Japanese and German accounts of listed companies
Intangible assets and the organization of global supply chains
Corporate taxation and location of intangible assets: Patents vs. trademarks
Intangible assets in Germany and Great Britain : an accounting comparison
Intangible assets and firm-level productivity
Intangible assets and labor productivity growth
Intangible assets and firm-level productivity
Research on the Appraisal of Intangible Assets in Romanian Companies
Management von Intangible Assets
Intangible assets, risk management committee, and audit fee
Essays in Intangible Corporate Assets
Intangible Assets – An Open Issue
The impact of valuation rules for intangible assets in Japanese and German accounts of listed companies
Intangible assets and the organization of global supply chains
Corporate taxation and location of intangible assets: Patents vs. trademarks
Intangible assets in Germany and Great Britain : an accounting comparison
Intangible assets and firm-level productivity
Intangible assets and labor productivity growth
Intangible assets and firm-level productivity
Research on the Appraisal of Intangible Assets in Romanian Companies
Management von Intangible Assets
Intangible assets, risk management committee, and audit fee
Essays in Intangible Corporate Assets
Intangible Assets – An Open Issue
The impact of valuation rules for intangible assets in Japanese and German accounts of listed companies
Intangible assets and the organization of global supply chains
Corporate taxation and location of intangible assets: Patents vs. trademarks