Innovation Expectations and Patenting in Private and Public R&D Projects
Haapanen, M., Lenihan, H., & Tokila, A. (2017). Innovation Expectations and Patenting in Private and Public R&D Projects. Growth and Change, 48 (4), 744-768. doi:10.1111/grow.12193
Published inGrowth and Change
© 2017 Wiley Periodicals, Inc. This is a final draft version of an article whose final and definitive form has been published by Wiley. Published in this repository with the kind permission of the publisher.
In this paper, we investigate how the innovation expectations of public financiers are related to realized patents. The analysis is based on a novel data set of collaborative R&D projects subsidized by the Finnish Agency of Technology and Innovation (Tekes) and the European Regional Development Fund (ERDF) during the period 2000–2004. Innovation expectations are measured using reports submitted by Tekes experts during ex ante assessments of projects. Our probit model results reveal that Tekes' patent expectations are positively related to realized patents for projects led by private firms (but not by public organizations). For large organizations, Tekes' innovation expectations are better at predicting patenting.
PublisherWiley Periodicals, Inc.
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