Year: 2023
Type: article
Abstract: This paper shows that the American Inventor's Protection Act, which introduced the disclosure of patent applications after 18 months, that is, before a grant decision is taken and, hence, before it is known whether the respective technology will receive legal protection, is associated with a reduction of family firms’ research and development (R&D) investment. This suggests that early disclosure of patent applications is perceived as a threat to family firms’ innovation activity and discourages their R&D investment. This finding deserves our attention because family firms account for a large share of the US economy, and a reduction in their R&D investment can have long‐term consequences.
Source: British Journal of Management
Authors: Katrin Hussinger, Wunnam Basit Issah
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: hybrid
Estimated APC paid: $3,710
OpenAlex ID: W4388633146