Born to be successful: start-up patenting activity determinants. (18th May 2021)

• Record Type: Journal Article
• Authors: Leonelli, Simona; Masciarelli, Francesca
• Is Part Of: International journal of entrepreneurship and small business. Volume 43:Number 1(2021)
• Page Start: 1
• Page End: 21
• Publication Date: 2021-05-18
• Subjects: start-up patenting activity -- market scenarios -- start-up age -- entrepreneur narcissism; Entrepreneurship -- Periodicals; Small business -- Management -- Periodicals; 658.42105
• Languages: English
• ISSNs: 1476-1297

Abstract

Patenting is fundamental to start-up survival and growth. Research indicates that patenting enables start-ups to protect their ideas from competitors, profit from their inventions, and signal their value to stakeholders. Drawing on the resource-based theory, the paper shows that start-ups' patenting activity is related to both external and internal conditions. Relying on a sample consisting of 195 start-ups, located in Italy and France, the market scenario, that is, market dynamism and concentration, is found to affect start-ups' patenting activity. Also, the paper shows that start-ups' age is negatively related to patenting, and that entrepreneur narcissism has different impacts based on its prevailing characteristics: entitlement/exploitativeness is positively related to patenting, grandiose exhibitionism is negatively related to it, while leadership/authority shows no connection with this activity.