Work

On the profitability of innovative assets

Year: 2008

Type: article

Abstract: Successful innovative activity is a major contribution to the intangible capital of firms. Although its importance is generally acknowledged, the contribution to companies’ profits is a priori unclear. We present the results of an empirical study on the effects of the patent stock on profitability. The database is a representative sample of German manufacturing firms and we use a number of control variables including measures of competition and firm governance. It turns out that the patent stock has a strong and robust effect on profitability.

Source: Applied Economics

DOI: 10.1080/00036840701749019

Authors: Dirk Czarnitzki, Kornelius Kraft

Institutions: Centre for European Economic Research, KU Leuven, TU Dortmund University

Language: English

Topic: Intellectual Property and Patents

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W2098839265

FWCI: 12.28

Cites: 57

Cited by: 96

Related to: 10