The Impact of Initial Intellectual Property Decisions of Start-Ups on Innovation Performance

IF 2 4区管理学 Q3 BUSINESS

Entrepreneurship Research Journal Pub Date : 2023-08-08 DOI:10.1515/erj-2022-0293

Hong Li, Mengge Gan, Yibin Zhang

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引用次数: 0

Abstract

Abstract We analyze the initial intellectual property (IP) decisions of 336 start-ups in IP-intensive industries in China, distinguishing among patents, trademarks, and IP portfolios. Our empirical results show that the initial IP decisions of start-ups have an impact on their innovation performance. Compared with start-ups that choose trademarks or patents, start-ups that choose IP portfolios have higher financial and non-financial innovation performance. Furthermore, venture capital positively moderates the relationship between initial IP decisions and non-financial innovation performance. VC-backed start-ups that choose IP portfolios are more likely than other start-ups to achieve higher non-financial innovation performance. Finally, strategic planning also plays a role in the relationship. Among the start-ups that choose IP portfolios, those with high strategic planning gain higher non-financial innovation performance. This paper contributes to research on initial IP decisions in entrepreneurial contexts by incorporating IP portfolios to initial IP decisions and uncovering the role of initial IP decisions in innovation performance.

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初创企业初始知识产权决策对创新绩效的影响

摘要本文分析了中国知识产权密集型产业中336家初创企业的初始知识产权决策，并对专利、商标和知识产权组合进行了区分。实证结果表明，初创企业的初始知识产权决策对其创新绩效有影响。与选择商标或专利的创业公司相比，选择知识产权组合的创业公司具有更高的财务和非金融创新绩效。此外，风险投资正向调节初始知识产权决策与非金融创新绩效之间的关系。选择知识产权投资组合的风投支持的初创企业比其他初创企业更有可能实现更高的非金融创新绩效。最后，战略规划也在这种关系中发挥作用。在选择IP组合的创业公司中，战略规划高的创业公司非金融创新绩效更高。本文通过将知识产权组合纳入初始知识产权决策，揭示了初始知识产权决策在创新绩效中的作用，为创业背景下的初始知识产权决策研究做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Entrepreneurship Research Journal BUSINESS-

CiteScore

4.50

自引率

21.10%

发文量

期刊介绍： Entrepreneurship Research Journal (ERJ) was launched with an Inaugural Issue in 2011. Professor Ramona Zachary at Baruch College and Professor Chandra Mishra at Florida Atlantic University introduce a new forum for scholarly discussion on entrepreneurs and their activities, contexts, processes, strategies, and outcomes. Positioned as the premier new research journal within the field of entrepreneurship, ERJ seeks to encourage a scholarly exchange between researchers from any field of study who focus on entrepreneurs, and will include both theoretical and empirical articles, with priority being given to high quality theoretical and empirical papers that have managerial or public policy orientation as well as ramifications for entrepreneurship research overall. Topics: -Research Modeling, Design, and Methods: entrepreneurship theories and conceptualizations, entrepreneurship research methods. -The Individuals-Opportunities-Resources Nexus: nascent entrepreneurs, opportunity recognition, drivers of value creation, and emergence, innovation and technology entrepreneurs, entrepreneurial risk and reward, entrepreneurial cognition and behavior. -Inclusive of Near Environments: family entrepreneurship, networks, teams and alliances, venture capital and angel investor groups, entrepreneurial communities, hubs, clusters and public policy, social entrepreneurship. -Distinct Entrepreneurial Stage or Setting: entrepreneurial growth and strategy, boards, governance and leadership, corporate entrepreneurship, international and emerging market entrepreneurship.