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Innovation and Revenue: Deep Diving into the Temporal Rank-shifts of Fortune 500 Companies

Published: 15 January 2020 Publication History

Abstract

Research and innovation is an important agenda for any company to remain competitive in the market. The relationship between innovation and revenue is a key metric for companies to decide on the amount to be invested for future research. Two important parameters to evaluate innovation are the quantity and quality of scientific papers and patents. Our work studies the relationship between innovation and patenting activities for several Fortune 500 companies over a period of time. We perform a comprehensive study of the patent citation dataset available in the Reed Technology Index collected from the US Patent Office. We observe several interesting relations between parameters like the number of (i) patent applications, (ii) patent grants, (iii) patent citations and Fortune 500 ranks of companies. We also study the trends of these parameters varying over the years and derive causal explanations for these with qualitative and intuitive reasoning. To facilitate reproducible research, we make all the processed patent dataset publicly available.1

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      CoDS COMAD 2020: Proceedings of the 7th ACM IKDD CoDS and 25th COMAD
      January 2020
      399 pages
      ISBN:9781450377386
      DOI:10.1145/3371158
      Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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      Published: 15 January 2020

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      1. Fortune 500 Companies
      2. Innovation
      3. Patent Citations
      4. Revenue

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      CoDS COMAD 2020
      CoDS COMAD 2020: 7th ACM IKDD CoDS and 25th COMAD
      January 5 - 7, 2020
      Hyderabad, India

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      CoDS COMAD 2020 Paper Acceptance Rate 78 of 275 submissions, 28%;
      Overall Acceptance Rate 197 of 680 submissions, 29%

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