How patent litigations affect entrepreneurial venture financing?

发布时间:2020-07-08

讲座时间:2020年7月15日   10:00- 11:30am

讲座地点:线上会议

                 https://meeting.tencent.com/s/8HcCFFemO3Y0

                 会议 ID:225 758 735

讲座嘉宾:徐明涛(路易斯安那州立大学


讲座内容简介:

Patent litigations have been one of the vital factors affecting firms in technology industries. Recent years have witnessed a surge of patent litigations often involving entrepreneurial firms. While most extant research focuses on the impact of patent litigations on firm innovation, much less is known about how litigations affect venture financing, which is one of the most central issues for entrepreneurial firms. This paper examines how patent litigations affect entrepreneurial firms’ venture capital (VC) financing. Using a dataset linking patent litigations to VC-backed firms and exploiting the variation in courts’ friendliness to litigants among different regions, we find that litigations reduce an entrepreneurial firm’s probability of receiving VC investment as well as the amount of investment received. In addition, we find that the negative impacts are more prominent for firms that lack other quality signals.


讲座嘉宾简介: 

Mingtao Xu is an incoming Assistant Professor in the Department of Management at Louisiana State University. He obtained his PhD in Strategy from Purdue University Krannert School of Management. His interests are in technological innovation, strategic management, and entrepreneurship. His research explores firms’ acquisition and monetization of patents, how the institutional and legal uncertainties surrounding property rights affect firms, and how the adoption of AI affects organizational learning. His research has won Academy of Management STR Division’s Distinguished Student Paper Award. Mingtao previously studied at Emory University, Georgia Tech, and UIBE.