Empirical Study of Patent Protection Rights on Corporate Revenues of International Seed Companies

DOI

10.2991/aebmr.k.210319.109How to use a DOI?

Keywords

Seed, Patent, Corporate, Revenue

Abstract

Rights of patent protection in seed industry are the most important components of intellectual property for agricultural companies, but they have not received much attention so far. Agricultural products have unique characteristics that differ from those of common patented products, therefore the corresponding patent protection rights also have characteristics that differ from common ones and may contribute differently to corporate revenues. This paper selects 15 years of relevant data from three international leading seed companies to form a panel, and empirically demonstrates the corporate revenue contribution of patent protection rights in the seed industry by two major panel analyzing methods, i.e. panel correction standard errors and feasibility generalized least squares. It is found that (1) seed industry patent protection rights can effectively and steadily enhance corporate revenue, but the effect is significantly lower than that of corporate assets and market condition; (2) individual differences in the utilization of seed industry patent protection rights among different companies are not significant, but the contribution of seed industry patent protection rights varies significantly under different years.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Yao Tan
PY  - 2021
DA  - 2021/03/22
TI  - Empirical Study of Patent Protection Rights on Corporate Revenues of International Seed Companies
BT  - Proceedings of the 6th International Conference on Financial Innovation and Economic Development (ICFIED 2021)
PB  - Atlantis Press
SP  - 592
EP  - 595
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210319.109
DO  - 10.2991/aebmr.k.210319.109
ID  - Tan2021
ER  -