Inventor-Entrepreneurs:Patent Participation Time, Patent Output Strategy,and Firm Performance
Sun Yinglin1, Tang Heng1, He Yingqi1, Zhou Qiaomei1, Su Wencheng2
1. School of Intellectual Property,Jiangsu University,Zhenjiang 212013,China; 2. Institute of Science and Technology Information,Jiangsu University,Zhenjiang 212013,China
Abstract：This study uses grounded theory to construct a theoretical framework linking inventor-entrepreneurs'patent participation time,patent output strategy,and firm performance.Using two indicators—Entrepreneur's First Time (EFT)in patent R&D and the time gap between EFT and firm establishment (EFD)—the study examines 358 Sci-Tech Innovation Board (STAR)listed companies through regression analysis.Findings reveal that entrepreneurs' early patent participation improves firm profitability and growth but negatively impacts firm size.Entrepreneurs'early participation strictly curbs patent output growth,yet increases patent output duration and quality.EFD shows an inverted U-shaped effect on firm profitability and growth,with late involvement reducing patent output duration and quality.The mediating role of quantity-oriented and speed-oriented patent strategies in the relationship between inventor-entrepreneurs and firm performance is more pronounced.
[1]张栋,胡文龙,毛新述.研发背景高管权力与公司创新[J].中国工业经济,2021(4):156-174. [2]张晓亮,文雯,宋建波.学者型CEO更加自律吗——学术经历对高管在职消费的影响[J].经济管理,2020,42(2):106-126. [3]沙亦鹏,叶明海,王玉馨.企业家创新成果对公司业绩的影响研究[J].科研管理,2019,40(12):262-271. [4]HAMBRICK D C.Upper echelons theory:An update[J].Academy of Management Review,2007,32(2):334-343. [5]孙莹琳,唐恒,赫英淇,等.专利行为视角下发明人型企业家对企业绩效的影响[J].管理科学,2022,35(5):80-98. [6]肖延高,刘鑫,童文锋,等.研发强度、专利行为与企业绩效[J].科学学研究,2019,37(7):1153-1163. [7]SMITH N R.The entrepreneur and his firm:The relationship between type of man and type of company[M].Champaign:University of Illinois at Urbana-Champaign's Academy,1967. [8]孙莹琳,唐恒,程龙,等.企业家专利研发参与度、专利产出策略对企业绩效的影响研究[J].管理学报,2022,19(10):1522-1533. [9]虞义华,赵奇锋,鞠晓生.发明家高管与企业创新[J].中国工业经济,2018(3):136-154. [10]蔡卫星,倪骁然,赵盼,等.企业集团对创新产出的影响:来自制造业上市公司的经验证据[J].中国工业经济,2019(1):137-155. [11]BRAUNERHJELM P,SVENSSON R.The inventor's role was schumpeterright[J].Journal of Evolutionary Economics,2010,20(3):413-444. [12]TANG H,SUN Y,CHEN X,et al.The role of inventor-entrepreneurs:Empirical evidence from China[J].Innovation-Organization & Management,2024,26(2):309-327. [13]HALL B H,JAFFE A,TRAJTENBERG M.Market value and patent citations[J].Rand Journal of Economics,2005,36(1):16-38. [14]朱雪忠,胡成.专利是测度企业技术创新绩效的有效工具吗[J].科学学研究,2021,39(8):1498-1503. [15]GRAHAM S J H,MERGES R P,SAMUELSON P,et al.High technology entrepreneurs and the patent system:Results of the 2008 berkeley patent survey[J].Berkeley Technology Law Journal,2009,24(4):1255-1327. [16]TORRISI S,GAMBARDELLA A,GIURI P,et al.Used,blocking and sleeping patents:Empirical evidence from a large-scale inventor survey[J].Research Policy,2016,45(7):1374-1385. [17]ISLAM E,ZEIN J,SCHWERT G W.Inventor CEOs[J].Journal of Financial Economics,2020,135(2):505-527. [18]李忆,马莉,苑贤德.企业专利数量、知识离散度与绩效的关系:基于高科技上市公司的实证研究[J].情报杂志,2014,33(2):194-200. [19]朱浩,李林,魏琪.“繁荣”的专利申请能否改善企业绩效:基于不同创新导向的门限实证研究[J].软科学,2020,34(7):121-129. [20]韩忠雪,崔建伟,王闪.技术高管提升了企业技术效率吗[J].科学学研究,2014,32(4):559-568. [21]王雪莉,马琳,王艳丽.高管团队职能背景对企业绩效的影响:以中国信息技术行业上市公司为例[J].南开管理评论,2013,16(4):80-93. [22]张进华,袁振兴.高管团队特征与企业社会资本形成的关系研究[J].财会月刊,2011(3):34-38. [23]古家军,王行思.企业高管团队内部社会资本、团队行为整合与战略决策速度的关系研究[J].科研管理,2016,37(8):123-129. [24]罗瑾琏,郭利敏,王象路,等.科创企业创始人的角色塑造与转换及其对突破性创新的作用机制[J].南开管理评论,2024,27(4):78-89. [25]郑莹,张庆垒.专利信号如何缓解企业融资约束:基于专利质押融资政策的效果评价[J].管理学季刊,2019,4(1):55-72. [26]段天宇,张希,胡毅.R&D强度与中国医药制造业上市公司绩效的门限效应研究[J].管理评论,2020,32(9):142-152. [27]何熙琼,杨昌安.中国企业的创新持续性及其作用机制研究:基于成本性态视角[J].科学学与科学技术管理,2019,40(5):105-121. [28]许秀梅.技术资本、人力资本如何提升公司绩效——来自大样本的多视角分析[J].科研管理,2017,38(5):64-76. [29]宋艳,常菊,陈琳.专利质量对企业绩效的影响研究——技术创新类型的调节作用[J].科学学研究,2021,39(8):1459-1466. [30]温忠麟,张雷,侯杰泰,等.中介效应检验程序及其应用[J].心理学报,2004(5):614-620.
2025, 
