Patent value - information disclosure and the stock market

Patents and the Success of Venture‐Capital Backed Startups: UsingExaminer Assignment to Estimate Causal Effects

“…They find that having the first application granted leads to 55% higher employment growth and 80% higher sales growth. Finally, event studies (Austin [], Dornelles and Ali []) and inferences from patent renewal decisions have also been used to understand the value of patents to firms (see e.g. Schankerman []).…”

Patents and the Success of Venture-Capital Backed Startups: Using Examiner Assignment to Estimate Causal Effects

“…They find that having the first application granted leads to 55% higher employment growth and 80% higher sales growth. Finally, event studies (Austin [1993], Dornelles and Ali [2015]) and inferences from patent renewal decisions have also been used to understand the value of patents to firms (see e.g. Schankerman [1998]).…”