Influence of intellectual property rights on innovation capability in new technology-based firms

Julio César Acosta-Prado, Carlos Sanchís-Pedregosa, Oscar Hernán López-Montoya, Néstor Juan Sanabria-Landazábal, Arnold Alejandro Tafur-Mendoza

Research output: Contribution to journalArticle in a journalpeer-review


Innovation marks the future for organisations and affects the length of their existences by asking organisations for capabilities needed to keep their game on the playfield. However, innovation development requires legal conditions to guarantee the fair and appropriate use of its outcomes. Intellectual property rights (IPRs) seek to cover this issue, although it has not the same application in different regions like Latin-America where innovation performs in different, not deeply explored pattern. This study aims to analyse influence of IPRs on innovation capability (IC) in 102 Colombian new technology-based firms (NTBFs) located in business incubators and technology parks. The empirical study had a latent variable design and was analysed through covariance-based SEM (CB-SEM). Results show that IPRs account for 20% of variation in IC (medium influence). Hence, as IPRs promote innovation by safeguarding the benefits of its outcomes, IPRs are important in developing economies such Colombia and particularly for NTBFs.

Original languageEnglish
Pages (from-to)216-232
Number of pages17
JournalInternational Journal of Intellectual Property Management
Issue number3
StatePublished - 2020

Bibliographical note

Publisher Copyright:
Copyright © 2020 Inderscience Enterprises Ltd.

Copyright 2020 Elsevier B.V., All rights reserved.


  • Brands
  • Copyright
  • Exploitation
  • Exploration
  • Innovation capability
  • Intellectual property rights
  • IPR
  • New technology-based firms
  • Organisational ambidexterity
  • Patents
  • Trademarks


Dive into the research topics of 'Influence of intellectual property rights on innovation capability in new technology-based firms'. Together they form a unique fingerprint.

Cite this