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Do changes in patent policy influence firms’ technology strategy? Evidence from manufacturing in India

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  • Panda, Sidheswar
  • Sharma, Ruchi

Abstract

India made patent policy changes to comply with TRIPs agreement that increased the rights of patent owners. Considering that such policy changes influence both in-house research and development investments and technology licensing from external sources, the firms have to accordingly devise their technology strategy. This study employs a simple and fixed effects multinomial logit regression models to study the impact of policy changes on the technology strategy of 402 firms operating in Indian manufacturing sector from 1999 to 2014. The results show that changes in patent policy have a significant impact on technology strategy of firms.

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  • Panda, Sidheswar & Sharma, Ruchi, 2021. "Do changes in patent policy influence firms’ technology strategy? Evidence from manufacturing in India," Journal of Policy Modeling, Elsevier, vol. 43(2), pages 362-375.
    • Handle: RePEc:eee:jpolmo:v:43:y:2021:i:2:p:362-375
    DOI: 10.1016/j.jpolmod.2020.09.002
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    Cited by:

    1. Chada, Swechha, 2023. "Economic policy uncertainties and institutional ownership in India," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).

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    More about this item

    Keywords

    Patent policy; R&D; Licensing; Technology strategy;
    All these keywords.

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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