20.500.12556/RUL-128185 Diversification of procedural and administrative costs and innovation some firm-level evidence We examine the diversification of administrative and procedural costs on patent stockusing a large dataset from the European Patent Office with 15,000firms for the periodbetween 1995 and 2015. The results reveal that administrative and procedural costs aresignificant forfirm-level patenting activity. However, not all administrative and proceduralcosts have equal effects. Higher administrative costs often encourage patent applicationand validation by solving the adverse selection problem and short-run opportunism, aswell as other sources of asymmetric information. The effective administration of intel-lectual property law and low-cost enforcement are found to considerably foster patentingactivity. The effects are robust for various mis-specification checks and do not disappearonce country-level research and development infrastructure proxies are controlled for. Theextreme bounds of administrative and procedural costs are computed across more than 5billion regressions, and the sizeable impact of administration on patent application andvalidation outcomes is confirmed. innovations intelectual property legislation patents intellectual property rights patent stock diversification of procedural and administrative cost inovacije intelektualna lastnina zakonodaja true false true Angleški jezik Slovenski jezik Članek v reviji 2021-07-05 15:28:41 2021-07-05 15:52:12 2022-09-07 04:13:31 0000-00-00 00:00:00 2021 0 0 Str. 56-98 iss. 2 Vol. 5 Jun. 2021 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 001.895 2096-2487 10.1016/j.ijis.2021.05.002 69192707 RAZ_Kovac_Mitja_2021.pdf RAZ_Kovac_Mitja_2021.pdf 1 195B4B971DC7AC902D937455781841B5 91e2a8e10e8d5958cae1420a0fdbd65b55e984aa382f829279a3e2cc554c912d 7ed9b9ee-dd95-11eb-a523-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=144832 https://www.sciencedirect.com/science/article/pii/S2096248721000114?via%3Dihub 0 8694201c-dd95-11eb-a523-00155dcfd717 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=144833 Ekonomska fakulteta 0 0 0