Protecting innovation through patents and trade secrets : determinants and performance impacts for firms with a single innovation


Crass, Dirk ; Garcia Valero, Francisco ; Pitton, Francesco ; Rammer, Christian


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URL: https://ub-madoc.bib.uni-mannheim.de/41444
URN: urn:nbn:de:bsz:180-madoc-414441
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: ZEW Discussion Papers
Volume: 16-061
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O31 , O32 , O34,
Keywords (English): Patents , trade secrets , performance impacts , single innovation
Abstract: This paper tests a number of hypotheses on the use and effectiveness of patents and trade secrets designed to protect innovation. While previous studies have often considered patents and trade secrets as substitutes for one another, we investigate the complementary role of the two protection methods. We identify protection strategies for single innovation firms and hence overcome the assignment problem of existing empirical studies, i.e. whether firms using both protection methods do so for the same innovation or for different innovations. Employing firm panel data from Germany, we find fairly few differences between the determinants for choosing secrecy and patenting. Single innovators that combine both strategies, 39% of the group, tend to aim at a higher level of innovation and act in a more uncertain technological environment. Firms combining both protection methods yield significantly higher sales with new-to-market innovations. Using only secrecy has slightly stronger positive impacts on firm profitability.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Crass, Dirk ; Garcia Valero, Francisco ; Pitton, Francesco ; Rammer, Christian (2016) Protecting innovation through patents and trade secrets : determinants and performance impacts for firms with a single innovation. Open Access ZEW Discussion Papers Mannheim 16-061 [Working paper]
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