This study explores whether the probability to patent differs 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 random effect probit model show that family firms patent less than non-family firms (the estimated average marginal effect of family ownership ranges from −0.055 to −0.032 according to model specification). Furthermore, the size effect is positive in every model, suggesting that the probability of patenting increases with size. While it is demonstrated that family firms remain less likely to patent than non family firms, we also show 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.

Patents, family, and size: evidence from Italian manufacturing firms

Aiello, Francesco;Cardamone, Paola;Mannarino, Lidia;Pupo, Valeria
2022

Abstract

This study explores whether the probability to patent differs 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 random effect probit model show that family firms patent less than non-family firms (the estimated average marginal effect of family ownership ranges from −0.055 to −0.032 according to model specification). Furthermore, the size effect is positive in every model, suggesting that the probability of patenting increases with size. While it is demonstrated that family firms remain less likely to patent than non family firms, we also show 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.
Family firms, patenting activities, firm size
File in questo prodotto:
Non ci sono file associati a questo prodotto.

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.11770/337982
 Attenzione

Attenzione! I dati visualizzati non sono stati sottoposti a validazione da parte dell'ateneo

Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact