IDEAS home Printed from https://ideas.repec.org/a/ibf/rbfstu/v13y2022i1p93-100.html
   My bibliography  Save this article

Can Businesses Succeed With Open Intellectual Property? The Case Of Tesla, Inc

Author

Listed:
  • Allen Gitelman
  • Rafael Romero
  • Daniel Hebert

Abstract

Along with business efforts in research and development, history presents a tendency to patent and monopolize ideas. Moreover, when a business identifies a unique concept; it then seeks to remain the only business offering this innovative idea to make a fortune out of it. The issue of intellectual property rights has developed over history to the present, more sophisticated laws of patents that spread to all industries. The most dominant sector where patents and intellectual properties reigned was in the technology industry. However, today, it applies to many areas. Tesla Inc., however, has opened its patents to achieve a spread sustainability cause in the world. This is to many people, a difficult step, while it is supported by “The Great Reset†. One plausible question that one may ask is whether Tesla will gain or lose in its patent approach. Although patents are used by companies to maintain monopolies and essentially make a company benefit from its efforts, the authors of this paper content that businesses should refrain from the use of patents as they do not make any substantial contribution to the company's goals, as they are costly to pursue and maintain, and are the enemies of general societal progress.

Suggested Citation

  • Allen Gitelman & Rafael Romero & Daniel Hebert, 2022. "Can Businesses Succeed With Open Intellectual Property? The Case Of Tesla, Inc," Review of Business and Finance Studies, The Institute for Business and Finance Research, vol. 13(1), pages 93-100.
    • Handle: RePEc:ibf:rbfstu:v:13:y:2022:i:1:p:93-100
    as

    Download full text from publisher

    File URL: http://www.theibfr2.com/RePEc/ibf/rbfstu/rbfs-v13n1-2022/RBFS-V13N1-2022-6.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Papageorgiadis, Nikolaos & Sharma, Abhijit, 2016. "Intellectual property rights and innovation: A panel analysis," Economics Letters, Elsevier, vol. 141(C), pages 70-72.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Auriol, Emmanuelle & Biancini, Sara & Paillacar, Rodrigo, 2023. "Intellectual property rights protection and trade: An empirical analysis," World Development, Elsevier, vol. 162(C).
    2. Zheng, Mingbo & Feng, Gen-Fu & Feng, Suling & Yuan, Xuemei, 2019. "The road to innovation vs. the role of globalization: A dynamic quantile investigation," Economic Modelling, Elsevier, vol. 83(C), pages 65-83.
    3. Neves, Pedro Cunha & Afonso, Oscar & Silva, Diana & Sochirca, Elena, 2021. "The link between intellectual property rights, innovation, and growth: A meta-analysis," Economic Modelling, Elsevier, vol. 97(C), pages 196-209.
    4. Nemlioglu, Ilayda & Mallick, Sushanta, 2020. "Does multilateral lending aid capital accumulation? Role of intellectual capital and institutional quality," Journal of International Money and Finance, Elsevier, vol. 108(C).
    5. Chu, Angus C. & Shen, Guobing & Zhang, Xun, 2017. "Imports and Intellectual Property Rights on Innovation in China," MPRA Paper 81706, University Library of Munich, Germany.
    6. Vahid Omidi & Abolfazl Shahabadi & Nader Mehregan, 2020. "Innovation Drivers in Developing Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(2), pages 707-720, June.
    7. Abdin, Joynal & Sharma, Abhijit & Trivedi, Rohit & Wang, Chengang, 2024. "Financing constraints, intellectual property rights protection and incremental innovation: Evidence from transition economy firms," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    8. Sunil Kanwar & Stefan Sperlich, 2020. "Innovation, productivity and intellectual property reform in an emerging market economy: evidence from India," Empirical Economics, Springer, vol. 59(2), pages 933-950, August.
    9. repec:spo:wpmain:info:hdl:2441/401t6job098n79ch91o9giov9d is not listed on IDEAS
    10. Wen, Jun & Zhang, Sen & Chang, Chun-Ping, 2022. "Legal origins and innovation: Global evidence," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    11. Song Wang & Jiexin Wang & Chenqi Wei & Xueli Wang & Fei Fan, 2021. "Collaborative innovation efficiency: From within cities to between cities—Empirical analysis based on innovative cities in China," Growth and Change, Wiley Blackwell, vol. 52(3), pages 1330-1360, September.
    12. Dosi, Giovanni & Lamperti, Francesco & Mazzucato, Mariana & Napoletano, Mauro & Roventini, Andrea, 2023. "Mission-oriented policies and the “Entrepreneurial State” at work: An agent-based exploration," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    13. Frederick Kibon Changwony & Anthony Kwabena Kyiu, 2024. "Business strategies and corruption in small‐ and medium‐sized enterprises: The impact of business group affiliation, external auditing, and international standards certification," Business Strategy and the Environment, Wiley Blackwell, vol. 33(1), pages 95-121, January.
    14. Ganguly, Madhuparna, 2021. "Stronger Patent Regime, Innovation and Scientist Mobility," MPRA Paper 107635, University Library of Munich, Germany.
    15. Fang, Jing & He, Hui & Li, Nan, 2020. "China's rising IQ (Innovation Quotient) and growth: Firm-level evidence," Journal of Development Economics, Elsevier, vol. 147(C).
    16. Concepta McManus & Abilio Afonso Baeta Neves & Alvaro Toubes Prata, 2021. "Scientific publications from non-academic sectors and their impact," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(11), pages 8887-8911, November.
    17. Sharma, Abhijit & Sousa, Cristina & Woodward, Richard, 2022. "Determinants of innovation outcomes: The role of institutional quality," Technovation, Elsevier, vol. 118(C).
    18. William, Mbanyele & Fengrong, Wang, 2022. "Economic policy uncertainty and industry innovation: Cross country evidence," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 208-228.
    19. Thakur–Wernz, Pooja & Wernz, Christian, 2022. "Impact of stronger intellectual property rights regime on innovation: Evidence from de alio versus de novo Indian bio-pharmaceutical firms," Journal of Business Research, Elsevier, vol. 138(C), pages 457-473.
    20. Sefa Awaworyi Churchill & Hoang M. Luong & Mehmet Ugur, 2022. "Does intellectual property protection deliver economic benefits? A multi‐outcome meta‐regression analysis of the evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 36(5), pages 1477-1509, December.
    21. Viglioni, Marco Túlio Dinali & Calegario, Cristina Lelis Leal & Aveline, Carlos Eduardo Stefaniak & Ferreira, Manuel Portugal & Borini, Felipe Mendes & Bruhn, Nádia Campos Pereira, 2023. "Effects of intellectual property rights on innovation and economic activity: A non-linear perspective from Latin America," Structural Change and Economic Dynamics, Elsevier, vol. 67(C), pages 359-371.

    More about this item

    Keywords

    Intellectual Property; Intellectual Capital; Open Innovation; Regulation; Business Law; Market Structure;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L17 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Open Source Products and Markets
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibf:rbfstu:v:13:y:2022:i:1:p:93-100. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mercedes Jalbert (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.