Financing and the Protection of Innovators

@article{Llobet2005FinancingAT,
  title={Financing and the Protection of Innovators},
  author={G. Llobet and J. Su{\'a}rez},
  journal={Corporate Finance: Capital Structure & Payout Policies},
  year={2005}
}
  • G. Llobet, J. Suárez
  • Published 2005
  • Business
  • Corporate Finance: Capital Structure & Payout Policies
The protection that innovators obtain through intellectual property rights crucially depends on their incentives and ability to litigate infringers. Taking patents as a notable example, we study how the financing of legal costs can alter the incentives to litigate in defense of a patent and, thus, the prospects of infringement and the effective protection of the innovator. We compare the resort to a financier once the infringement has occurred (ex-post financing) with patent litigation… Expand
21 Citations
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