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Cited by 592

The DOI matches its Crossref record; 34 of the 34 references it cites were found in a registry or an index.

Patents, Real Options and Firm Performance

Open access
Bloom, Nicholas, Van Reenen, John·2002·The Economic Journal
DOI 10.1111/1468-0297.00022
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Abstract

Analysing the new IFS‐Leverhulme database on over 200 major British firms since 1968 we show that patents have an economically and statistically significant impact on firm‐level productivity and market value. While patenting feeds into market values immediately it appears to have a slower effect on productivity. This generates valuable real options because patents provide exclusive rights to develop new innovations, enabling firms to delay investments. Higher market uncertainty, which increases the value of real options, reduces the impact of new patents on productivity. If the government's policy to reduce uncertainty is successful then this should increase the productivity of Britain's knowledge capital.

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Cites

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Metadata

Authors
Bloom, N., & Van Reenen, J.
Venue
The Economic Journal
Publisher
Oxford University Press (OUP)
Published
2002-03-01
Volume
112
Issue
478
Pages
C97-C116
ISSN
  • 0013-0133 (ISSN-L)
  • 1468-0297
DOI
10.1111/1468-0297.00022
OpenAlex
W2100710524
Cited by
592
References
34
FWCI
14.27
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Patents, Real Options and Firm Performance. https://app.cochat.ai/papers/10.1111/1468-0297.00022
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Bloom, N., & Van Reenen, J. (2002). Patents, Real Options and Firm Performance. The Economic Journal. https://doi.org/10.1111/1468-0297.00022

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.