Measuring Innovation Quality: A Patent Analysis

Marku, Elona

2018-01-01

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Abstract

Patents have been widely used in innovation literature as a reliable and meaningful measure of innovation performance. However, existing research has mostly used the mere number of patents as a rough indicator of innovation success, lacking to provide insights on innovation quality. Additionally, less is known about how firms are grouped in highly competitive markets and which are the strategies adopted in their inventive activities. To better understand these dynamics, this paper aims to investigate the innovation quality of firms operating in a high-tech industry employing multiple patent-based indicators. Explorative findings on patent strategies as well as patent trends are discussed.