Covid 19 Innovative Firms And Resilience
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Covid-19, Innovative Firms and Resilience
Author | : World Intellectual Property Organization |
Publisher | : WIPO |
Total Pages | : 57 |
Release | : 2023-02-07 |
Genre | : Law |
ISBN | : |
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ummary This paper explores the empirical association between patents and various indicators of firm resilience during the COVID-19 pandemic with worldwide firm-level data from manufacturing industries. The study shows that patent-intensive firms have a reduced probability of exit, in particular if they are larger and if engaging with complementary investments in R&D; and other intangibles. Additional estimates show that firm productivity has been an important transmission channel. Taken together, the results presented in the paper offer evidence-based findings pointing to patents as an important potential factor contributing to firm resilience during the COVID-19 pandemic. Policy insights are discussed.
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