Zusammenfassung
Research on the contribution of patents to firm success has typically focused on patent characteristics like scope and family size of patents. This study adds a new perspective to this approach by considering a management variable in our analysis. In particular, we demonstrate that (1) the development of firm-level entrepreneurial orientation is fostered by patents and (2) an entrepreneurial orientation is necessary to convert the economic value inherent in patents into customer value. The patent-to-success relationship is mediated by the firm's entrepreneurial orientation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Aldrich, H.E., Fiol, C.M. (1994): Fools rush in? The Institutional Context of Industry Creation, Academy of Management Review, vol. 19 (4), pp. 645–670.
Arundel, A. (2001): The relative effectiveness of patents and secrecy for appropriation, Research Policy, vol. 30, pp. 611–624.
Arundel, A., Kabla, I. (1998): What percentage of innovations are patented? Empirical estimates for European firms, Research Policy, vol. 27, pp. 127–141.
Baron, R.M., Kenny, D.A. (1986): The Moderator-Mediator Distinction in Social Psychological Research: Conceptual, Strategic, and Statistical Considerations, Journal of Personality and Social Psychology, vol. 51, pp. 1173–1182.
Bhide, A. (1994): How entrepreneurs craft strategies that work, Harvard Business Review, vol. 2, pp. 150–161.
Blind, K., Edler, J., Frietsch, R., Schmoch, U. (2006): Motives to patent: Empirical evidence from Germany, Research Policy, vol. 35, pp. 655–672.
Bond, E.U., Houston, M.B. (2003): Barriers to Matching New Technologies and Market Opportunities in Established Firms, Journal of Product Innovation Management, vol. 20, pp. 120–135.
Brüderl, J., Schüssler, R. (1990): Organizational Mortality: The Liabilities of Newness and Adolescence, Administrative Science Quarterly, vol. 35 (3), pp. 530–547.
Cohen, W.M., Nelson, R.R., Walsh, J.P. (2000): Protecting their Intellectual Assets: Appropriability Conditions and why U.S. Manufacturing Firms Patent (of not). Nber Working Paper
Covin, J.G., Slevin, D.P. (1989): Strategic Management of Small Firms in Hostile and Benign Environments, Strategic Management Journal, vol. 10 (1), pp. 75–87.
Covin, J.G., Slevin, D.P. (1998): Adherence to plans, risk taking, and environment as predictors of firm growth, Journal of High Technology Management Research, vol. 9 (2), pp. 207–237.
Ernst, H., Omland, N. (2003): Patentmanagement in jungen Technologieunternehmen, Zeitschrift für Betriebswirtschaft, Ergänzungsheft 2, pp. 95–113.
Freeman, J., Carroll, G.R., Hannan, M.T. (1983): The Liability of Newness: Age Dependence in Organizational Death Rates, American Sociological Review, vol. 48 (5), pp. 692–710.
Harhoff, D., Scherer, F.M., Vopel, K. (2003): Citations, family size, opposition and the value of patent rights, Research Policy, vol. 32, pp. 1343–1363.
Harrison, R., Kroner, W.G. (2005): Keeping Secrets – 10 reasons why not to patent valuable Ip, BioWorld Europe, vol. 3, pp. 20–22.
Hoppe, K. (2003): Patentklagen als Überlebensbarrieren für Hochtechnologie Start-ups am Beispiel der Halbleiterindustrie. Köln: Eul Verlag.
Lanjouw, J.O., Schankerman, M. (2004): Protecting Intellectual Property Rights: Are small firms handicapped? Journal of Law and Economics, vol. 47, pp. 45–74.
Lerner, J. (1994): The importance of patent scope: an empirical analysis, RAND Journal of Economics, vol. 25 (2), pp. 319–333.
Lumpkin, G.T., Dess, G.G. (1996): Clarifying the Entrepreneurial Orientation Construct and Linking it to Performance, Academy of Management Review, vol. 21 (1), pp. 135–172.
Lumpkin, G.T., Dess, G.G. (2001): Linking Two Dimensions of Entrepreneurial Orientation to Firm Performance: The Moderating Role of Environment and Industry Life Cycle, Journal of Business Venturing, vol. 16 (5), pp. 429–451.
Lynn, G.S., Morone, J.G., Paulson, A.S. (1996): Marketing and Discontinuous Innovation: The Probe and Learn Process, California Management Review, vol. 38 (3), pp. 8–37.
Mazzoleni, R., Nelson, R.R. (1998): The benefits and costs of strong patent protection: a contribution to the current debate, Research Policy, vol. 27, pp. 273–284.
Miles, M.P., Covin, J.G., Heeley, M.B. (2000): The Relationship between Environmental Dynamism and Small Firm Structure, Strategy, and Performance, Journal of Marketing Theory and Practice, Spring, pp. 63–74.
Miller, D. (1983): The Correlates of Entrepreneurship in Three Types of Firms, Management Science, vol. 29 (7), pp. 770–791.
Nerkar, A., Shane, S. (2003): When do start-ups that exploit patented academic knowledge survive? International Journal of Industrial Organization, vol. 21, pp. 1391–1410.
Rossiter, J.R. (2002): The C-OAR-SE procedure for scale development in marketing, International Journal of Research in Marketing, vol. 19, pp. 305–335.
Schankerman, M. (1998): How valuable is patent protection? Estimates by technology field, RAND Journal of Economics, vol. 29 (1), pp. 77–107.
Shane, S. (2000): Prior Knowledge and the Discovery of Entrepreneurial Opportunities, Organization Science, vol. 11 (4), pp. 448–469.
Shane, S. (2001a): Technological Opportunities and New Firm Creation, Management Science, vol. 47 (2), pp. 205–220.
Shane, S. (2001b): Technology Regimes and New Firm Formation, Management Science, vol. 47 (9), pp. 1173–1190.
Shane, S., Cable, D. (2002): Network Ties, Reputation, and the Financing of New Ventures, Management Science, vol. 48 (3), pp. 364–381.
Stevenson, H.H., Jarillo, J.C. (1990): A Paradigm of Entrepreneurship: Entrepreneurial Management, Strategic Management Journal, vol. 11, pp. 17–27.
Stinchcombe, A.L. (1965): Social Structure and Organizations. Handbook of Organizations, pp. 142–193.
Teece, D. (1998): Capturing value from knowledge assets: The new economy, markets for know-how, and intangible assets, California Management Review, vol. 40 (3), pp. 55–78.
Venkatraman, N. (1989): Strategic Orientation of Business Enterprises: The Construct, Dimensionality, and Measurement, Management Science, vol. 35 (8), pp. 942–962.
Vohora, A., Wright, M., Lockett, A. (2004): Critical junctures in the development of university high-tech spinout companies, Research Policy, vol. 33, pp. 147–175.
Walter, A., Auer, M., Ritter, T. (2006): The impact of network capabilities and entrepreneurial orientation on university spin-off performance, Journal of Business Venturing, vol. 21, pp. 541–567.
Wiklund, J. (1999): The Sustainability of the Entrepreneurial Orientation – Performance Relationship, Entrepreneurship Theory and Practice, Fall, pp. 37–48.
Zahra, S.A. (1996a): Technology Strategy and Financial Performance: Examining the Moderating Role of the Firm's Competitive Environment, Journal of Business Venturing, vol. 11, pp. 189–219.
Zahra, S.A. (1996b): Governance, Ownership, and Corporate Entrepreneurship: The Moderating Impact of Industry Technological Opportunities, Academy of Management Journal, vol. 39 (6), pp. 1713–1735.
Zahra, S.A., Jennings, D.F., Kuratko, D.F. (1999): The Antecedents and Consequences of Firm-Level Entrepreneurship: The State of the Field, Entrepreneurship Theory and Practice, Winter, pp. 45–65.
Editor information
Rights and permissions
Copyright information
© 2009 Gabler | GWV Fachverlage GmbH
About this chapter
Cite this chapter
Schmidt, A., Riesenhuber, F. (2009). On the Performance of Young Technology-Based Ventures. In: Walter, A., Auer, M. (eds) Academic Entrepreneurship. Gabler. https://doi.org/10.1007/978-3-8349-8929-1_4
Download citation
DOI: https://doi.org/10.1007/978-3-8349-8929-1_4
Publisher Name: Gabler
Print ISBN: 978-3-8349-1218-3
Online ISBN: 978-3-8349-8929-1
eBook Packages: Business and Economics (German Language)