Innovation Expectations and Patenting in Private and Public R&D Projects

Haapanen, Mika; Lenihan, Helena; Tokila, Anu

doi:10.1111/grow.12193

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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. https://doi.org/10.1111/grow.12193

Julkaistu sarjassa

Growth and Change

Tekijät

Haapanen, Mika |

Lenihan, Helena |

Tokila, Anu

Päivämäärä

2017

Oppiaine

Basic or discovery scholarship Taloustiede Basic or discovery scholarship Economics

Tekijänoikeudet

© 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.

Julkaisija

Wiley Periodicals, Inc.

ISSN Hae Julkaisufoorumista

0017-4815