The financial benefits of persistently high forward citations
| Autor: | Yunzhe Fang, Kathryn Rudie Harrigan |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Generality
Financial performance 05 social sciences General Engineering Commercial law Competitor analysis 050905 science studies Affect (psychology) Competitive advantage Balance (accounting) Accounting 0502 economics and business Business 0509 other social sciences Business and International Management 050203 business & management Industrial organization |
| Zdroj: | The Journal of Technology Transfer. 45:619-647 |
| ISSN: | 1573-7047 0892-9912 |
| DOI: | 10.1007/s10961-019-09718-z |
| Popis: | We explored the balance between societal benefits that negatively affect firms’ financial performance by eroding their competitive advantage and positive effects that enhanced their reputations as technological leaders to study the effects of forward citations upon firms’ financial performance. Results suggest that the potentially negative effects of receiving forward citations that diffused internally-developed knowledge through users’ subsequent inventions is sometimes offset by potential increases in the reputational effects enjoyed by competitors that persistently produce blockbuster patents (as well as by inventions that prove to be highly basic or “gateway” in their impact upon subsequent technology streams). This positive effect is not universal for all firms as the number of highly cited patents that benefit firms’ abilities to realize higher returns on sales is limited by the speed with which diffusion of knowledge embedded within patented inventions occurs. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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