Patents as surrogates for inimitable and non-substitutable resources

被引:108
作者
Markman, GD [1 ]
Espina, MI
Phan, PH
机构
[1] Univ Georgia, Terry Coll Business, Athens, GA 30602 USA
[2] Niagara Univ, Coll Business Adm, Niagara Univ, NY 14109 USA
[3] Rensselaer Polytech Inst, Lally Sch Management & Technol, Troy, NY 12180 USA
关键词
D O I
10.1016/j.jm.2003.09.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study tests the view that competitive advantage lies in organizational processes and capabilities to secure patents. Since, by definition, patents are valuable and rare, here we test the extent to which patent citations and claims capture, respectively, inimitability and non-substitutability. Focusing on 85 publicly traded pharmaceutical firms (SIC 2834), we find that once the effects of firm size, past performance, and investment in innovation are held constant, inimitability, is significantly related to firm profitability and new product introductions. Non-substitutability is significantly related to new product introductions only. (C) 2004 Elsevier Inc. All rights reserved.
引用
收藏
页码:529 / 544
页数:16
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