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Interlocking directorships and patenting coordination

Author

Listed:
  • Michele Bernini
  • Georgios Efthyvoulou
  • Ian Gregory-Smith
  • Jolian McHardy
  • Antonio Navas
Abstract
The aim of this paper is to investigate the role interlocking directorships play in the patenting activities of UK companies and provide further insights into the channels through which this relationship emerges. We develop a theoretical model that identifies interlocking directorships as a mechanism for resolving property rights conflicts. Our empirical analysis suggests a strong relationship between interlocking and patenting behaviour and finds that interlocking leads to a higher number of successful patent applications, particularly for those firms located in technology-intensive industries.

Suggested Citation

  • Michele Bernini & Georgios Efthyvoulou & Ian Gregory-Smith & Jolian McHardy & Antonio Navas, 2021. "Interlocking directorships and patenting coordination," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 30(4), pages 382-411, May.
    • Handle: RePEc:taf:ecinnt:v:30:y:2021:i:4:p:382-411
    DOI: 10.1080/10438599.2019.1710026
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    References listed on IDEAS

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    Cited by:

    1. Subramanian R. Iyer & Harikumar Sankaran & Yan Zhang, 2020. "Do Well‐Connected Boards Invest Optimally In R&D Activities?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 43(4), pages 895-932, December.

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    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • D85 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Network Formation
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • J49 - Labor and Demographic Economics - - Particular Labor Markets - - - Other

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