東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Linked to FindBook

Google Book

Amazon

博客來

Plaintiff vs. Defendant: The Effects of Patent Litigation on Venture Capital Funding of Young Firms.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Plaintiff vs. Defendant: The Effects of Patent Litigation on Venture Capital Funding of Young Firms./
Author:	Mudigonda, Lakshmi.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2022,
Description:	151 p.
Notes:	Source: Dissertations Abstracts International, Volume: 83-12, Section: A.
Contained By:	Dissertations Abstracts International83-12A.
Subject:	Intellectual property. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29207367
ISBN:	9798834007302

Plaintiff vs. Defendant: The Effects of Patent Litigation on Venture Capital Funding of Young Firms.
Mudigonda, Lakshmi.

Plaintiff vs. Defendant: The Effects of Patent Litigation on Venture Capital Funding of Young Firms. - Ann Arbor : ProQuest Dissertations & Theses, 2022 - 151 p.

Source: Dissertations Abstracts International, Volume: 83-12, Section: A.

Thesis (Ph.D.)--State University of New York at Buffalo, 2022.

This item must not be sold to any third party vendors.

In this dissertation, we investigate the effects of patent litigation on young firms. Consistent with the existing literature, we define a young firm as a private venture in its seed or early stages of development, innovating to develop viable products (Azoulay &Shane, 2001). Most existing studies on litigation are focused on public firms, and fewer studies address the impacts on private firms. Existing literature connecting patent litigation and entrepreneurship predicted adverse effects at the industry level. At the firm level, the effects of various litigations on plaintiff firms are tested in D. J. Cumming et al.(2011). While negative implications on defendants are intuitive, none of the papers specifically tested the effects on young defendant firms in the context of patent litigations.To our knowledge, we are the first to investigate the effect of litigation on young defendant firms that are involved in patent litigation. We not only predict the nature of the effects but also quantify the effects. In three essays, we compare the effects of patent litigation on defendant firms to that of plaintiff firms. We analyzed the above effects using patent litigation data from the USPTO patent litigation database and venture capital investment data collected from ventureXpert. Our results suggest that defendant firms are more likely to raise subsequent funding rounds from VC investors than plaintiff firms. Defendant firms also raise larger capital amounts than young plaintiffs due to the litigation costs. Further, VCs perceive these investments as high-risk investments and thus fund defendant firms in more rounds and form larger syndicates. Interestingly, the defendants are able to exit successfully through IPO or M&A and suffer lesser chances of bankruptcy despite being defendants in the early stages (significant at 90% alpha level). This could be due to the benefits of syndication and staging. We discuss these results in more detail in the discussion section. The findings also suggest that VC investors continue to support promising defendant portfolio companies while being cautious about investing in plaintiff portfolio companies.

ISBN: 9798834007302Subjects--Topical Terms:

572975
Intellectual property.
Subjects--Index Terms:

Patent litigation

Plaintiff vs. Defendant: The Effects of Patent Litigation on Venture Capital Funding of Young Firms.
LDR:03322nmm a2200361 4500 001 2351310
005 20221107085348.5
008 241004s2022 ||||||||||||||||| ||eng d
020 $a 9798834007302
035 $a (MiAaPQ)AAI29207367
035 $a AAI29207367
040 $a MiAaPQ $c MiAaPQ
100 1 $a Mudigonda, Lakshmi. $0 (orcid)0000-0002-1706-2262 $3 3690875
245 1 0 $a Plaintiff vs. Defendant: The Effects of Patent Litigation on Venture Capital Funding of Young Firms.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2022
300 $a 151 p.
500 $a Source: Dissertations Abstracts International, Volume: 83-12, Section: A.
500 $a Advisor: Lin, Winston.
502 $a Thesis (Ph.D.)--State University of New York at Buffalo, 2022.
506 $a This item must not be sold to any third party vendors.
520 $a In this dissertation, we investigate the effects of patent litigation on young firms. Consistent with the existing literature, we define a young firm as a private venture in its seed or early stages of development, innovating to develop viable products (Azoulay &Shane, 2001). Most existing studies on litigation are focused on public firms, and fewer studies address the impacts on private firms. Existing literature connecting patent litigation and entrepreneurship predicted adverse effects at the industry level. At the firm level, the effects of various litigations on plaintiff firms are tested in D. J. Cumming et al.(2011). While negative implications on defendants are intuitive, none of the papers specifically tested the effects on young defendant firms in the context of patent litigations.To our knowledge, we are the first to investigate the effect of litigation on young defendant firms that are involved in patent litigation. We not only predict the nature of the effects but also quantify the effects. In three essays, we compare the effects of patent litigation on defendant firms to that of plaintiff firms. We analyzed the above effects using patent litigation data from the USPTO patent litigation database and venture capital investment data collected from ventureXpert. Our results suggest that defendant firms are more likely to raise subsequent funding rounds from VC investors than plaintiff firms. Defendant firms also raise larger capital amounts than young plaintiffs due to the litigation costs. Further, VCs perceive these investments as high-risk investments and thus fund defendant firms in more rounds and form larger syndicates. Interestingly, the defendants are able to exit successfully through IPO or M&A and suffer lesser chances of bankruptcy despite being defendants in the early stages (significant at 90% alpha level). This could be due to the benefits of syndication and staging. We discuss these results in more detail in the discussion section. The findings also suggest that VC investors continue to support promising defendant portfolio companies while being cautious about investing in plaintiff portfolio companies.
590 $a School code: 0656.
650 4 $a Intellectual property. $3 572975
653 $a Patent litigation
653 $a Patents
653 $a Staging
653 $a Syndication
653 $a Venture capital
690 $a 0513
690 $a 0429
710 2 $a State University of New York at Buffalo. $b Operations Management and Strategy. $3 3176656
773 0 $t Dissertations Abstracts International $g 83-12A.
790 $a 0656
791 $a Ph.D.
792 $a 2022
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29207367