Resource title

Patent protection, market uncertainty, and R&D investment

Resource image

image for OpenScout resource :: Patent protection, market uncertainty, and R&D investment

Resource description

The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect market uncertainty on R&D investment.

Resource author

Dirk Czarnitzki, Andrew A. Toole

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/24511

Resource license

Adapt according to the presented license agreement and reference the original author.