Mandatory corporate patent disclosures and innovation
Name
1135802249-MIT.pdf
Size
19.24 MB
Format
Adobe PDF
Checksum (MD5)
b40cbbdd218f4d0882cc18706e1b963c
Author(s)
Kim, Jinhwan.
Advisor(s)
Rodrigo S. Verdi and Eric C. So.
Rodrigo S. Verdi and Eric C. So.
Date Issued
2019
Publisher
Massachusetts Institute of Technology
Abstract
I investigate the effect of corporate patent disclosures on innovation. Using the American Inventor's Protection Act (AIPA) as a plausibly exogenous shock to corporate patent disclosures, I find evidence of the AIPA shaping innovation through two simultaneous channels. First, the AIPA encourages a firm to innovate by facilitating access to the scientific information contained in other firms' patent disclosures. Second, the AIPA discourages a firm from innovating by increasing the risk of leaking business-related strategies through its own patent disclosures. These findings are consistent with the view that corporate patents contain information useful for both science and business, and highlight their respective roles in generating both spillover benefits and proprietary costs of mandating patent disclosures. Finally, using textual analysis, I find that firms with high proprietary costs respond to the AIPA by strategically changing their patent disclosures to obfuscate exploitable business-related signals.
Description
Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2019
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 41-46).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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