These data provide a patent-CRSP permco match, as in our published paper, Stoffman, N., Woeppel, M., and Yavuz, M.D. 2022. Small Innovators: No Risk, No Return. Journal of Accounting and Economics(link). The data in our paper span 1976 through 2019. The below data span 1976 through 2022.
If you use these data, please cite our paper as the data source.(Right click and open in new tab to download.)
If you have any data issues or questions, please contact Mike Woeppel at email@example.com.
About the data
These data span 1976 through 2022 and include only patents that we have matched the assignee to a firm in CRSP. These data also include non-utility patents that we did not use in our paper(design patents, reissue patents, etc). In addition to string-matching algorithms, our extensive hand matching procedure helps resolves issues associated with mergers, acquisitions, asset sales, spin-offs, joint ventures, and other sources of inconsistency. For example, we match many patents assigned to two-party joint ventures to both owners of 50/50 joint venture. We plan to update these data at least annually.*
Of the 594,730 non-utility patents with an assignee between 1976 and 2022, we match 138,649, or 23.3%, to CRSP firms. Our non-utility patent database includes 3,074 unique permcos matched to patents.
Of the 6,902,774 utility patents with an assignee between 1976 and 2022, we match 2,799,497, or 40.6%, to CRSP firms. Our patent database includes 8,772 unique permcos matched to utility patents. As of early September 2023, KPSS** match 2,544,432 patents, or 36.9%, to CRSP firms between 1976 and 2022. KPSS database includes 7,614 unique permcos.
*The quality of these data(i.e., accuracy of matches) benefited from the research assistance of Garrett Klinge.
**Kogan, L., Papanikolaou, D., Seru, A., and Stoffman, N., 2017. Technological innovation, resource allocation, and growth. Quarterly Journal of Economics, 132(2), pp. 665-712.