Do IT patents matter for firm value? The role of innovation orientation and environmental uncertainty

Chung, Sunghun, Animesh, Animesh, Han, Kunsoo and Pinsonneault, Alain (2013). Do IT patents matter for firm value? The role of innovation orientation and environmental uncertainty. In: ICIS 2013 Proceedings. International Conference on Information Systems (ICIS), Milan, Italy, (). 15-18 December 2013.

Author Chung, Sunghun
Animesh, Animesh
Han, Kunsoo
Pinsonneault, Alain
Title of paper Do IT patents matter for firm value? The role of innovation orientation and environmental uncertainty
Conference name International Conference on Information Systems (ICIS)
Conference location Milan, Italy
Conference dates 15-18 December 2013
Proceedings title ICIS 2013 Proceedings
Publication Year 2013
Sub-type Fully published paper
Open Access Status
ISBN 9780615933832
Abstract/Summary IT industry has become patent-intensive due to the rapid advances in technology and the fierce competition among firms. While prior studies indicate financial returns from investments in IT patents are unclear, recent patent wars in IT industry suggest that IT patents may be of great value. We examine the impact of IT patents as an intangible IT resource on firm value in IT industry, while also considering the moderating effect of firms’ innovation orientation (exploitative vs. explorative). Moreover, we examine how environmental uncertainty influences the relationship between firms’ IT patents, innovation orientation, and performance. Our results suggest that the impact of IT patents on firm value is positive and significant. More importantly, we find that this impact varies depending on firms’ innovation orientation. Further, we find that the moderating effect of innovation orientation is influenced significantly by the two dimensions of environmental uncertainty (i.e., competitiveness and dynamism).
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status Non-UQ
Additional Notes http://aisel.aisnet.org/icis2013/proceedings/EconomicsOfIS/15/

Document type: Conference Paper
Collection: UQ Business School Publications
 
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Created: Mon, 11 May 2015, 18:15:51 EST by Sunghun Chung on behalf of UQ Business School