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讲座:How Does Patent Litigation Affect Entrepreneurial Venture Financing?

发布者:人力资源办公室    发布时间:2020-07-17

题 目:How Does Patent Litigation Affect Entrepreneurial Venture Financing?

嘉 宾:Mingtao Xu, Assistant Professor, Louisiana State University

主持人:谢露群  助理教授  上海交通大学安泰经济与管理学院

时 间:2020年7月22日(周三)10:00-11:30

地 点:ZOOM 会议

              (校内师生如需会议号和密码,请于7月21日中午12点前发送电邮至xuziqing@sjtu.edu.cn获取)

内容简介:

Studies in strategy and entrepreneurship have examined how entrepreneurial firms build their resources to obtain competitive advantage. However, few have investigated the situation where their resources are at risk; one of such situations is patent litigations. Recent years have witnessed a surge of patent litigations that often involve entrepreneurial firms. While extant research primarily examines how patent litigations affect startups’ development of technological capabilities, much neglected is how litigations may affect their external financing, one of the most crucial issues for startups. This paper fills in the gap in the literature by studying how being sued for patent infringement affects startups’ venture capital (VC) financing. Using a carefully constructed matched sample linking patent litigations to VC-backed firms and exploiting variations in practices among district courts, we find that litigations reduce an entrepreneurial firm’s probability of receiving VC investment as well as the amount of investment received. Besides, we find that the negative impacts are less prominent when the startup has more quality signals, and when the cost of litigations is less uncertain.

演讲人简介:

Mingtao Xu is an incoming Assistant Professor in the Department of Management at Louisiana State University. He obtained his PhD in Strategy from Purdue University Krannert School of Management. His interests are in technological innovation, strategic management, and entrepreneurship. His research explores how the institutional and legal uncertainties surrounding property rights affect firms, firms’ monetization of patents, and AI and organizational learning. His research has won Academy of Management STR Division’s Distinguished Student Paper Award. Mingtao previously studied at Emory University, Georgia Tech, and UIBE.

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