Non accounting patent data and venture capital investment in the United Kingdom

Julia A. Smith; Renzo Cordina

doi:10.4337/9781802200621.00015

Non accounting patent data and venture capital investment in the United Kingdom

Julia A. Smith, Renzo Cordina

Accounting And Finance

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

In this chapter, we explore the role of non-accounting information relating to patents in attracting more VC funding from UK-based VC firms. We use a novel data set which covers various non-accounting measures related to patenting and venture capital deals. Much of the previous work on patenting and venture capital (VC) investment has been based on transactional data relating to venture capital deals carried out in the United States. We go beyond looking only at the number of patents and use several distinct ‘patent measures’ to examine whether patenting has an effect on the size of the investment made by the VC firm. We find that in the UK, patenting appears to be attracting more VC funding, particularly in investee companies which are not operating in the IT sector.

Original language	English
Title of host publication	Research Handbook on Accounting and Information Systems
Editors	Julia A. Smith
Place of Publication	Cheltenham
Chapter	6
Pages	84-97
Number of pages	14
ISBN (Electronic)	9781802200621
DOIs	https://doi.org/10.4337/9781802200621.00015
Publication status	Published - 20 Feb 2024

Publication series

Name	Research Handbooks on Accounting
Publisher	Edward Elgar Publishing Limited

Keywords

patenting
venture capital
patent families
signalling
non-accounting information

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.4337/9781802200621.00015

1 Finished

Investment in Companies with Intangible Assets: exploring the key issues
Smith, J. (Principal Investigator)
Institute of Chartered Accountants of Scotland (The)
1/01/12 → 31/12/21
Project: Internally funded project

2 Book
2 Chapter
1 Paper
1 Article

Accounting and information systems
Smith, J. A., 20 Feb 2024, Research Handbook on Accounting and Information Systems . Smith, J. A. (ed.). Cheltenham, p. 2-17 16 p. (Research Handbooks on Accounting).
Research output: Chapter in Book/Report/Conference proceeding › Chapter
Research Handbook on Accounting and Information Systems
Smith, J. (Editor), 20 Feb 2024, Cheltenham. 334 p. (Research Handbooks in Accounting)
Research output: Book/Report › Book
Patenting and the early-stage high-technology investor: evidence from the field
Smith, J. & Cordina, R., Nov 2015, In: R&D Management. 45, 5, p. 589-605 17 p.
Research output: Contribution to journal › Article › peer-review

Open Access
File
11 Citations (Scopus)

60 Downloads (Pure)

Cite this

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Non accounting patent data and venture capital investment in the United Kingdom

Abstract

Publication series

Keywords

UN SDGs

Access to Document

Fingerprint

Projects

Investment in Companies with Intangible Assets: exploring the key issues

Research output

Accounting and information systems

Research Handbook on Accounting and Information Systems

Patenting and the early-stage high-technology investor: evidence from the field

Cite this