Risk attitudes, patenting and invention disclosures by academic researchers
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This paper examines the effect of risk attitudes on innovation behavior of academic researchers. Specifically, using two alternate measures of self-reported risk attitudes, we test the hypothesis that aversion to risk would negatively affect revelation of information in innovations. Results based on a sample of more than 2500 German researchers across both measures of risk aversion show that, consistent with intuition, risk aversion has a significant negative effect on invention disclosures, but not on patenting.
KeywordsPatents Invention disclosure Risk averse Academic research Germany
JEL ClassificationO33 O31 O52
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