Non accounting patent data and venture capital investment in the United Kingdom

Julia A. Smith; Renzo Cordina

Non accounting patent data and venture capital investment in the United Kingdom

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Abstract

In this chapter, we explore the role of non-accounting information relating to patents in attracting more VC funding from UK based VC firms. We use of a novel dataset which covers various non-accounting measures related to patenting and venture capital deals. Much of the previous work on patenting and venture capital (VC) investment has been based on transactional data relating to venture capital deals carried out in the United States. We go beyond looking only at the number of patents but instead use several distinct 'patent measures' to examine whether patenting has an effect on the size of the investment made by the VC firm. We find that in the UK, patenting appears to be attracting more VC funding, particularly in investee companies which are not operating in the IT sector.

Original language	English
Title of host publication	Research handbook on accounting and information systems
Editors	Julia A. Smith
Publisher	Edward Elgar Publishing
Chapter	6
Pages	84-97
Number of pages	14
ISBN (Print)	9781802200614
Publication status	Published - Feb 2024

Publication series

Name	Research Handbooks in Accounting

Keywords

patenting
venture capital
patent families
signalling
non-accounting information

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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abstract = "In this chapter, we explore the role of non-accounting information relating to patents in attracting more VC funding from UK based VC firms. We use of a novel dataset which covers various non-accounting measures related to patenting and venture capital deals. Much of the previous work on patenting and venture capital (VC) investment has been based on transactional data relating to venture capital deals carried out in the United States. We go beyond looking only at the number of patents but instead use several distinct 'patent measures' to examine whether patenting has an effect on the size of the investment made by the VC firm. We find that in the UK, patenting appears to be attracting more VC funding, particularly in investee companies which are not operating in the IT sector.",

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AB - In this chapter, we explore the role of non-accounting information relating to patents in attracting more VC funding from UK based VC firms. We use of a novel dataset which covers various non-accounting measures related to patenting and venture capital deals. Much of the previous work on patenting and venture capital (VC) investment has been based on transactional data relating to venture capital deals carried out in the United States. We go beyond looking only at the number of patents but instead use several distinct 'patent measures' to examine whether patenting has an effect on the size of the investment made by the VC firm. We find that in the UK, patenting appears to be attracting more VC funding, particularly in investee companies which are not operating in the IT sector.

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KW - venture capital

KW - patent families

KW - signalling

KW - non-accounting information

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PB - Edward Elgar Publishing

ER -

Non accounting patent data and venture capital investment in the United Kingdom

Abstract

Publication series

Keywords

UN SDGs

Access to Document

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Patenting and the early-stage high-technology investor: evidence from the field

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