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

Julia Smith; Renzo Cordina

doi:10.1111/radm.12101

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

Julia Smith, Renzo Cordina

Accounting And Finance

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

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Abstract

We discuss the importance of patenting to the venture capital investor in high-technology firms. While literature suggests that patenting will have an impact on the nature and level of investment, the investors themselves are keen to suggest otherwise. We investigate this issue by the use of new primary-source empirical data, gathered by fieldwork methods. Our results help to explain a link between the existence of patenting and the level of investment made. We further support our analysis with illuminating quotes from investors currently active in the field.

Original language	English
Pages (from-to)	589-605
Number of pages	17
Journal	R&D Management
Volume	45
Issue number	5
Early online date	29 Oct 2014
DOIs	https://doi.org/10.1111/radm.12101
Publication status	Published - Nov 2015

Keywords

patenting
venture capital
high-technology firms

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10.1111/radm.12101

Smith-Cordina-RDM2014-parenting-and-the-early-stage-high-technology-investorAccepted author manuscript, 492 KB

Cite this

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title = "Patenting and the early-stage high-technology investor: evidence from the field",

abstract = "We discuss the importance of patenting to the venture capital investor in high-technology firms. While literature suggests that patenting will have an impact on the nature and level of investment, the investors themselves are keen to suggest otherwise. We investigate this issue by the use of new primary-source empirical data, gathered by fieldwork methods. Our results help to explain a link between the existence of patenting and the level of investment made. We further support our analysis with illuminating quotes from investors currently active in the field.",

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N2 - We discuss the importance of patenting to the venture capital investor in high-technology firms. While literature suggests that patenting will have an impact on the nature and level of investment, the investors themselves are keen to suggest otherwise. We investigate this issue by the use of new primary-source empirical data, gathered by fieldwork methods. Our results help to explain a link between the existence of patenting and the level of investment made. We further support our analysis with illuminating quotes from investors currently active in the field.

AB - We discuss the importance of patenting to the venture capital investor in high-technology firms. While literature suggests that patenting will have an impact on the nature and level of investment, the investors themselves are keen to suggest otherwise. We investigate this issue by the use of new primary-source empirical data, gathered by fieldwork methods. Our results help to explain a link between the existence of patenting and the level of investment made. We further support our analysis with illuminating quotes from investors currently active in the field.

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

Abstract

Keywords

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Julia Smith, BCom PhD FCMA CGMA PGC(TLHE)

Transparency in the Valuation of Intangibles

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

Cite this

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

Abstract

Keywords

Access to Document

Other files and links

Fingerprint

Profiles

Julia Smith, BCom PhD FCMA CGMA PGC(TLHE)

Projects

Transparency in the Valuation of Intangibles

Research output

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

Cite this