题　目：Fictional Experiments in Patent Disclosures

嘉　宾：张悦, Yue Zhang Assistant Professor Baruch College, City University of New York

主持人：黄立 助理教授 tyc1286太阳成集团

时　间：2024年06月07日（周五）14:00-15:30

地　点：tyc1286太阳成集团 徐汇校区安泰楼A507室

内容简介:

US patent law explicitly allows patent applications to include fictional experiments, also known as “prophetic examples.” Using over 80,000 US biology and chemistry patents, among which 36% contain prophetic examples, we examine the externalities of prophetic examples on both the quantity and quality of peer inventors’ follow-on innovation. We find that compared to patents without prophetic examples, those containing prophetic examples (i.e., “prophetic patents”) attract more follow-on patents by peers. Moreover, the quality of peer innovation following prophetic patents is significantly lower for peer inventors who are unfamiliar with prophetic examples. Additional analyses show that prophetic patents are less likely to be followed on by the focal inventor. Overall, our evidence suggests that fictional experiments in patent disclosures mislead unsophisticated peer inventors into investing more in follow-on innovation that is ultimately abandoned.

演讲人简介：

张悦博士于2020年八月加入纽约市立大学巴鲁克学院，担任会计系助理教授。此前，她曾获匹兹堡大学会计学博士、宾州州立大学经济学硕士、北京大学经济学本科。她的研究兴趣为信息披露、企业创新与竞争、制药行业。她独立署名的论文“Corporate R&D Investments Following Competitors’ Voluntary Disclosures: Evidence from the Drug Development Process”发表于Journal of Accounting Research.

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