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Honggi Lee's co-authored paper “Invention value, inventive capability, and the large firm advantage” has been published by Research Policy.
The paper looks at the patent value and quality of 2,786 public corporations and finds that large firms tend to profit more from their inventions. The study also finds that this advantage is not due to superior inventive capability but due to superior ability to extract value from inventions, likely through more effective commercialization.
This study has been featured on NBER Digest ISSUE: No. 11, November 2022.
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