Patent litigation and narrative R&D disclosures: Evidence from the adoption of anti-troll legislation

IF 7.5 1区 管理学 Q1 MANAGEMENT
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引用次数: 0

Abstract

The last two decades have witnessed a sharp increase in patent litigation in the United States (U.S.), mainly driven by patent trolls. By exploiting the staggered adoption of Anti-Troll laws across 34 states as a plausible exogenous shock that reduces the risk of patent litigation by these trolls, we show that firms significantly increase their narrative R&D disclosures following the enactment of Anti-Troll laws. This effect is less pronounced in firms facing higher competitive pressure, and more pronounced in firms that are more exposed to threats from patent trolls. Further analyses alleviate the concern that the impact of Anti-Troll laws on disclosures is attributable to state-level economic or policy changes. Our results highlight the significant role of patent troll litigation in influencing the dissemination of narrative R&D information.
专利诉讼与研发信息披露:通过反欺诈立法的证据
在过去二十年里,美国的专利诉讼急剧增加,这主要是由专利巨头驱动的。通过利用 34 个州交错采用反巨头法这一可信的外生冲击来降低这些巨头的专利诉讼风险,我们发现企业在反巨头法颁布后会显著增加其叙述性 R&D 披露。在面临较大竞争压力的企业中,这种效应并不明显,而在更容易受到专利巨魔威胁的企业中,这种效应则更为明显。进一步的分析减轻了人们的担忧,即反巨魔法对信息披露的影响可归因于国家层面的经济或政策变化。我们的研究结果凸显了专利流氓诉讼在影响研发信息传播方面的重要作用。
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来源期刊
Research Policy
Research Policy MANAGEMENT-
CiteScore
12.80
自引率
6.90%
发文量
182
期刊介绍: Research Policy (RP) articles explore the interaction between innovation, technology, or research, and economic, social, political, and organizational processes, both empirically and theoretically. All RP papers are expected to provide insights with implications for policy or management. Research Policy (RP) is a multidisciplinary journal focused on analyzing, understanding, and effectively addressing the challenges posed by innovation, technology, R&D, and science. This includes activities related to knowledge creation, diffusion, acquisition, and exploitation in the form of new or improved products, processes, or services, across economic, policy, management, organizational, and environmental dimensions.
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