乐胖代购免代理版

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Using a large-panel data set consisting of 602 U.S. firms, we find that firms with a software patent portfolio having higher levels of explorative innovation orientation achieve higher market value in environments with high competitiveness and low dynamism. By contrast, firms with a software patent portfolio exhibiting high levels of exploitative innovation orientation achieve higher market value in low competitiveness and high dynamism environments. Although some practitioners are still skeptical about the value of software patents, we provide empirical evidence that a firm\u2019s software patents do contribute to firm performance, thereby helping practitioners to justify their investments in software innovation and assess the value of their software patents. Furthermore, our paper highlights key factors\u2014both internal (i.e., innovation orientation) and external (i.e., environmental uncertainty)\u2014that may affect the value of software patents. This can help firms formulate the appropriate innovation strategy for software patents that can lead to the greatest returns. <\/jats:p>","DOI":"10.1287\/isre.2019.0854","type":"journal-article","created":{"date-parts":[[2019,9,3]],"date-time":"2019-09-03T17:45:16Z","timestamp":1567532716000},"page":"1073-1097","source":"Crossref","is-referenced-by-count":40,"title":["Software Patents and Firm Value: A Real Options Perspective on the Role of Innovation Orientation and Environmental Uncertainty"],"prefix":"10.1287","volume":"30","author":[{"ORCID":"http:\/\/orcid.org\/0000-0003-1216-4208","authenticated-orcid":false,"given":"Sunghun","family":"Chung","sequence":"first","affiliation":[{"name":"Leavey School of Business, Santa Clara University, Santa Clara, California 95053;"}]},{"ORCID":"http:\/\/orcid.org\/0000-0003-1340-2343","authenticated-orcid":false,"given":"Animesh","family":"Animesh","sequence":"additional","affiliation":[{"name":"Desautels Faculty of Management, McGill University, Montreal, Quebec H3A 1G5, Canada"}]},{"ORCID":"http:\/\/orcid.org\/0000-0002-5203-4654","authenticated-orcid":false,"given":"Kunsoo","family":"Han","sequence":"additional","affiliation":[{"name":"Desautels Faculty of Management, McGill University, Montreal, Quebec H3A 1G5, Canada"}]},{"ORCID":"http:\/\/orcid.org\/0000-0003-4347-8971","authenticated-orcid":false,"given":"Alain","family":"Pinsonneault","sequence":"additional","affiliation":[{"name":"Desautels Faculty of Management, McGill University, Montreal, Quebec H3A 1G5, Canada"}]}],"member":"109","reference":[{"key":"B1","doi-asserted-by":"publisher","DOI":"10.2307\/20159010"},{"key":"B2","doi-asserted-by":"publisher","DOI":"10.1287\/isre.1110.0408"},{"key":"B3","doi-asserted-by":"publisher","DOI":"10.1016\/0166-4972(96)00031-4"},{"key":"B4","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(94)01642-D"},{"key":"B5","doi-asserted-by":"publisher","DOI":"10.1162\/REST_a_00286"},{"key":"B6","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbusres.2004.11.007"},{"key":"B8","doi-asserted-by":"publisher","DOI":"10.1287\/isre.2013.0481"},{"key":"B9","doi-asserted-by":"publisher","DOI":"10.1287\/isre.10.1.70"},{"key":"B10","doi-asserted-by":"publisher","DOI":"10.2307\/3094913"},{"key":"B11","doi-asserted-by":"publisher","DOI":"10.1016\/j.respol.2009.09.014"},{"key":"B14","doi-asserted-by":"publisher","DOI":"10.1287\/mnsc.45.7.1008"},{"issue":"478","key":"B15","first-page":"C97","volume":"112","author":"Bloom N","year":"2002","journal-title":"Econom. 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