Innovation and Intellectual Property in Financial Services

 


9th Annual Bank of Finland/CEPR Conference co-organised with the Federal Reserve Bank of Philadelphia, Helsinki, 16–17 October 2008.
The conference aims at bringing together scholars to present and discuss the latest research on innovation and intellectual property in financial markets and financial services sectors, including payment media, securities markets infrastructure, and corporate finance.
Programme Committee: Bob Hunt (Federal Reserve Bank of Philadelphia), Thomas Ronde (University of Copenhagen & CEPR), Tuomas Takalo (Bank of Finland), Jouko Vilmunen (Bank of Finland).
Papers, presentations and comments updated October 17, 2008.

 

 Programme

 
TAB WEBPART
 

 Thursday 16 October

 
9.30–10.00 Registration, coffee
10.00–12.00 Session I Chair: Jouko Vilmunen (Bank of Finland)
Opening remarks
Sinikka Salo, Member of the Board (Bank of Finland)
Paper
Presentation
Opening address:
Business Method Patents and US Financial Services
Author Bob Hunt (Federal Reserve Bank of Philadelphia)
Paper
Presentation
Financial Patenting by European Firms
Author(s) *Grid Thoma (U. Camerino) joint with Bronwyn Hall (U. California at Berkeley) and Salvatore Torrisi (U. Bologna)
Comments Otto Toivanen (HECER)
12.30–13.30 Lunch
14.00–16.00 Session II Chair: Mikko Mustonen (Helsinki School of Economics & HECER)
Paper
Presentation
Relationship Lending and Firm Innovativeness: New Empirical Evidence
Author(s) Caterina Giannetti (U. Tilburg)
Comments Tanja Tanayama (HECER)
Paper
Presentation
Financial Innovation in the UK
Author(s) *Shelagh Heffernan (Cass Business School) joint with Xiaolan Fu (U. Oxford) and Xiaoqing Fu (U. Macau)
Comments Charlotta Grönqvist (Bank of Finland)
16.00–16.30 Coffee break
16.30–18.30 Session III Chair: Thomas Ronde (Copenhagen Business School)
Paper
Presentation
Innovative or Indefensible? An Empirical Assessment of Patenting within Standard Setting
Author(s) Anne Layne-Farrar (LECG) joint with Jorge Padilla (LECG)
Comments Pekka Sääskilahti (Nokia Corporation)
Paper
Presentation
Control Rights over Intellectual Property: Corporate Venturing and Bankruptcy Regimes
Author(s) Sergei Guriev (New Economic School) joint with Sudipto Bhattacharya (LSE)
Comments Mikko Leppämäki (Helsinki School of Economics)
19.30 Dinner at the Bank's Personnel Club
 

 Friday 17 October

 
9.00–11.00  Session IV Chair: Rune Stenbacka (Swedish School of Economics & HECER)
Paper
Presentation
To Be Financed or Not – The Role of Patents for Venture Capital Financing
Auhtor(s) Elisabeth Müller (ZEW) joint with Carolin Häussler (U. Munich) and Dietmar Harhoff (U. Munich)
Comments Ari Hyytinen (U. Jyväskylä & Bank of Finland)
Paper
Presentation
Financially Constrained Innovation, Patent Protection, and Industry Dynamics
Auhtor(s) Gerard Llobet (CEMFI) joint with Javier Suarez (CEMFI)
Comments Corinne Langinier (U. of Alberta)
11.00–11.30 Coffee break
11.30–12.30 Session V Chair: Mikko Välimäki (Swedish School of Economics)
Paper
Presentation
Disclosure and Financial Patents: Revealing the Invisible Hand
Author(s) John F. Duffy (George Washington U.) joint with John Squires (Goldman Sachs)
Comments Gregory N. Mandel (Temple U.)
12.30–14.00 Closing lunch
14.15–15.15 Paper Optional:
Corinne Langinier (U. of Alberta) at HECER Economics Research Seminar: "Patent, Search of Prior Art and Revelation of Information"