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How does the combination of R&D and types of knowledge matter for patent propensity?
Authors:Ana Pérez-Luño  Ramón Valle-Cabrera
Institution:Universidad Pablo de Olavide, Crtra. Utrera, km. 1, 41013 Sevilla, Spain
Abstract:This paper examines whether the combined effects of R&D efforts and the types of knowledge obtained from the invention process determine patent propensity. With this aim, we investigate a unique, manually collected sample of firms and the Spanish and European Patent Offices to analyze how the combination of R&D and knowledge codifiability, observability and simplicity influence the patent decision. Our results contribute to the literature and assist R&D managers by showing that codified knowledge has a positive impact on patent propensity. Furthermore, we find that knowledge observability and simplicity only influence patent propensity when they are combined with internal R&D expenditures.
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