This article examines the relationship between patent management and indicators of a firm’s financial and patenting performance. The empirical analyses are based on a sample of 158 technology-based firms from the US and Germany across multiple industries. The article sums up the results of the analyses as such:

• Patent protection management and patent information management are positively correlated with a firm’s level of financial profitability and the strategic and financial impact of its patent portfolio
• The two aspects of patent management are key to determining the level of value a firm can create from patents
• A firm’s technology strategy moderates the relationship between patent protection management and a firm’s performance

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