Intellectual property management and patent propensity in Chinese small firms

Abstract

Based on a survey of local firms in Zhongguancun Science Park in Beijing, China, this paper examines the impact of intellectual property management practices on the patent propensity of small firms. With a particular focus on two aspects of intellectual property management, we find that R&D personnel-related management practices, such as training and rewarding mechanism, are more effective in enhancing a firm’s willingness to patent and encouraging the patenting behavior within the firm. Monitoring the R&D process in intellectual property right (IPR) management, such as proposal and outcome evaluation, is less influential in fostering manufacturing firms to patent. One implication emerged from the analysis is that a firm can speed up or intensify its generation of IPR assets by introducing well-developed management practices, even without reorienting its intellectual property strategies.