Patents as Surrogates for Inimitable and Non-Substitutable Resources

Gideon D. Markman · Maritza I. Espina · Phillip Phan

153 citations0/0 files storedJournal of Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Intellectual Property and Patents Innovation and Knowledge Management Firm Innovation and Growth

Abstract

This study tests the view that competitive advantage lies in organizational processes and capabilities to secure patents. Since, by definition, patents are valuable and rare, here we test the extent to which patent citations and claims capture, respectively, inimitability and non-substitutability. Focusing on 85 publicly traded pharmaceutical firms (SIC 2834), we find that once the effects of firm size, past performance, and investment in innovation are held constant, inimitability is significantly related to firm profitability and new product introductions. Non-substitutability is significantly related to new product introductions only.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 153 citations exist upstream.

References

1991Firm Resources and Sustained Competitive Advantage 2004Firm resources and sustained competitive advantage 1984A resource‐based view of the firm 1983An Evolutionary Theory of Economic Change.1998Social Capital, Intellectual Capital, and the Organizational Advantage 1993The cornerstones of competitive advantage: A resource‐based view 1989Asset Stock Accumulation and Sustainability of Competitive Advantage 1982An evolutionary theory of economic change

Cited by

2009Factor-Market Rivalry 2009A multilevel framework of firm boundaries: firm characteristics, dyadic differences, and network attributes 2021Do environmental subsidies spur environmental innovation? Empirical evidence from Chinese listed firms 2022The effects of institutional investors on firms' green innovation 2015When do firms change technology‐sourcing vehicles? The role of poor innovative performance and financial slack 2020The effect of institutional ownership and ownership dispersion on eco-innovation

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.