2020
DOI: 10.1080/13662716.2020.1726728
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Concordance and complementarity in IP instruments

Abstract: This work investigates the relationship between proxies of innovation activities, such as patents and trademarks, and firm performance in terms of revenues, growth and profitability. By resorting to the virtual universe of Italian manufacturing firms this work provides a rather complete picture of the Intellectual Property (IP) strategies pursued by Italian firms, in terms of patents and trademarks, and we study whether the two instruments for protecting IP exhibit complementarity or substitutability. In addit… Show more

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Cited by 15 publications
(8 citation statements)
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“…Relatedly, a key motive for firms to file and maintain trademark portfolios is that they represent assets (Castaldi 2019), with a clear impact on firm market value and profitability (Schautschick and Greenhalgh 2016). Trademark assets often complement technological assets Block 2011, Grazzi, Piccardo, andVergari 2019;Dosso and Vezzani 2017).…”
Section: Introductionmentioning
confidence: 99%
“…Relatedly, a key motive for firms to file and maintain trademark portfolios is that they represent assets (Castaldi 2019), with a clear impact on firm market value and profitability (Schautschick and Greenhalgh 2016). Trademark assets often complement technological assets Block 2011, Grazzi, Piccardo, andVergari 2019;Dosso and Vezzani 2017).…”
Section: Introductionmentioning
confidence: 99%
“…Indeed, trademarks can last indefinitely as long as they are renewed (Castaldi, 2020). However, patents and trademarks can be used in combination as part of a firm's overall competitive strategy (Grazzi, Piccardo and Vergari, 2020), creating protection through substitutability and complementarity effects (Llerena and Millot, 2020), and signaling a range of underlying capabilities (Castaldi, 2020). This means it can be difficult for researchers to separate their effects on the value of strategic assets sought by an acquiring firm.…”
Section: Discussionmentioning
confidence: 99%
“…As Belderbos et al (2021, in this issue) show, whether trademarks are owned by large incumbent firms or by new firms matters for the role they play in regional dynamism. Unfortunately, linked trademark-firm data are not publicly available yet, though studies have relied on ad-hoc databases (Dernis et al, 2015(Dernis et al, , 2019Dinlersoz et al, 2018;Grazzi et al, 2020). We expect more data initiatives to emerge (for instance, those within the RISIS initiative 3 ) and hopefully also efforts toward linked trademark-firmpatent data.…”
Section: Challenges: Methodological Issues and Data Wish Listsmentioning
confidence: 99%