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Patents, Family, And Size. Evidence From Italian Manufacturing Firms

Author

Listed:
  • Francesco Aiello

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

  • Paola Cardamone

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

  • Lidia mannarino

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

  • Valeria Pupo

    (Department of Economics, Statistics and Finance 'Giovanni Anania', University of Calabria, Rende (Italy))

Abstract

This study explores whether the probability to patent differ between family and non-family firms, and whether any potential difference between firm-type is moderated by size. The analysis is based on a large archive of patenting activities (Orbis–PATSTAT dataset) carried out by around 3700 Italian manufacturing firms over the 2010–2017 period. The results from a probability model show that, on average, family firms patent less than non-family firms (the estimated average marginal effect is -0.0325). Firm size matters, as its average marginal effect is 0.0212, suggesting that the probability of patenting increases with size, no matter the firm ownership. The size effect differs, however, between family and non-family firms. It is demonstrated not only that family firms remain less likely to patent than non-family firms, but also that their disadvantages increase as they grow in size: in large firms, the probability of patenting is 0.22 for family firms and 0.39 for non-family firms. Importantly, the results hold when considering patent counts, citations and a number of additional sensitivity tests.

Suggested Citation

  • Francesco Aiello & Paola Cardamone & Lidia mannarino & Valeria Pupo, 2022. "Patents, Family, And Size. Evidence From Italian Manufacturing Firms," Working Papers 202204, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    • Handle: RePEc:clb:wpaper:202204
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    File URL: http://www.ecostat.unical.it/RePEc/WorkingPapers/WP04_2022.pdf
    File Function: First version, 2022-07
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    Cited by:

    1. Francesco Aiello & Lidia Mannarino & Valeria Pupo, 2023. "Family Firm Heterogeneity And Patenting. Revising The Role Of Size And Age," Working Papers 202301, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.

    More about this item

    Keywords

    Family firms; Patenting activities; Firm size;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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