2026-09-20T13:46:39Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/1235802026-06-16T18:54:30Zcom_1721.1_7582com_1721.1_7581col_1721.1_131022
Rodrigo S. Verdi and Eric C. So.
Rodrigo S. Verdi and Eric C. So.
Kim, Jinhwan.
Sloan School of Management.
Sloan School of Management
2020-01-23T16:57:57Z
2020-01-23T16:57:57Z
2019
2019
https://hdl.handle.net/1721.1/123580
1135802249
Thesis: Ph. D., Massachusetts Institute of Technology, Sloan School of Management, 2019
Cataloged from PDF version of thesis.
Includes bibliographical references (pages 41-46).
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.
by Jinhwan Kim.
Ph.D.
Ph.D. Massachusetts Institute of Technology, Sloan School of Management
79 pages
eng
Massachusetts Institute of Technology
MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.
http://dspace.mit.edu/handle/1721.1/7582
Sloan School of Management.
Mandatory corporate patent disclosures and innovation
Thesis
application/pdf
2020-01-23T16:57:57Z
Publication
Doctoral
Sloan
unknown
unknown
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<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.</Abstract>
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