Diversification of procedural and administrative costs and innovation: Some firm-level evidence
We examine the diversification of administrative and procedural costs on patent stock using a large dataset from the European Patent Office with 15,000 firms for the period between 1995 and 2015. The results reveal that administrative and procedural costs are significant for firm-level patenting act...
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| Format: | Article |
| Language: | English |
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KeAi Communications Co., Ltd.
2021-06-01
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| Series: | International Journal of Innovation Studies |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2096248721000114 |
| _version_ | 1818779011449356288 |
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| author | Mitja Kovac Rok Spruk |
| author_facet | Mitja Kovac Rok Spruk |
| author_sort | Mitja Kovac |
| collection | DOAJ |
| description | We examine the diversification of administrative and procedural costs on patent stock using a large dataset from the European Patent Office with 15,000 firms for the period between 1995 and 2015. The results reveal that administrative and procedural costs are significant for firm-level patenting activity. However, not all administrative and procedural costs have equal effects. Higher administrative costs often encourage patent application and validation by solving the adverse selection problem and short-run opportunism, as well as other sources of asymmetric information. The effective administration of intellectual property law and low-cost enforcement are found to considerably foster patenting activity. The effects are robust for various mis-specification checks and do not disappear once country-level research and development infrastructure proxies are controlled for. The extreme bounds of administrative and procedural costs are computed across more than 5 billion regressions, and the sizeable impact of administration on patent application and validation outcomes is confirmed. |
| first_indexed | 2024-12-18T11:53:50Z |
| format | Article |
| id | doaj.art-b7a6e9a93785406fa0c14adee035a216 |
| institution | Directory Open Access Journal |
| issn | 2096-2487 |
| language | English |
| last_indexed | 2024-12-18T11:53:50Z |
| publishDate | 2021-06-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | International Journal of Innovation Studies |
| spelling | doaj.art-b7a6e9a93785406fa0c14adee035a2162022-12-21T21:09:07ZengKeAi Communications Co., Ltd.International Journal of Innovation Studies2096-24872021-06-01525698Diversification of procedural and administrative costs and innovation: Some firm-level evidenceMitja Kovac0Rok Spruk1Corresponding author.; School of Economics and Business, University of Ljubljana, 1000, Ljubljana, SloveniaSchool of Economics and Business, University of Ljubljana, 1000, Ljubljana, SloveniaWe examine the diversification of administrative and procedural costs on patent stock using a large dataset from the European Patent Office with 15,000 firms for the period between 1995 and 2015. The results reveal that administrative and procedural costs are significant for firm-level patenting activity. However, not all administrative and procedural costs have equal effects. Higher administrative costs often encourage patent application and validation by solving the adverse selection problem and short-run opportunism, as well as other sources of asymmetric information. The effective administration of intellectual property law and low-cost enforcement are found to considerably foster patenting activity. The effects are robust for various mis-specification checks and do not disappear once country-level research and development infrastructure proxies are controlled for. The extreme bounds of administrative and procedural costs are computed across more than 5 billion regressions, and the sizeable impact of administration on patent application and validation outcomes is confirmed.http://www.sciencedirect.com/science/article/pii/S2096248721000114C23C26C51K42O43 |
| spellingShingle | Mitja Kovac Rok Spruk Diversification of procedural and administrative costs and innovation: Some firm-level evidence International Journal of Innovation Studies C23 C26 C51 K42 O43 |
| title | Diversification of procedural and administrative costs and innovation: Some firm-level evidence |
| title_full | Diversification of procedural and administrative costs and innovation: Some firm-level evidence |
| title_fullStr | Diversification of procedural and administrative costs and innovation: Some firm-level evidence |
| title_full_unstemmed | Diversification of procedural and administrative costs and innovation: Some firm-level evidence |
| title_short | Diversification of procedural and administrative costs and innovation: Some firm-level evidence |
| title_sort | diversification of procedural and administrative costs and innovation some firm level evidence |
| topic | C23 C26 C51 K42 O43 |
| url | http://www.sciencedirect.com/science/article/pii/S2096248721000114 |
| work_keys_str_mv | AT mitjakovac diversificationofproceduralandadministrativecostsandinnovationsomefirmlevelevidence AT rokspruk diversificationofproceduralandadministrativecostsandinnovationsomefirmlevelevidence |