Institute News

The prize, endowed with EUR 2,000, is awarded by the Karl Schlecht Foundation. The non-profit foundation aims at improving leadership in business, society and politics by humanistic values and encourages and supports impact oriented projects and institutions in the funding areas leadership, ethics, education, culture and technology.

The paper examines the impact and signaling effects of crowdfinancing on subsequent venture capital funding rounds. Drawing on a choice experimental research design the author finds causal evidence that crowdfunding – relative to other prefunding sources – is often a negative signal for professional venture investors, but that the “crowd” can nonetheless and under certain circumstances send positive signals increasing the likelihood of subsequent financing rounds.

As early as August, the team of authors consisting of Matthias Dorner, Dietmar Harhoff, Tina Hinz, Karin Hoisl and Stefan Bender was awarded the AoM TIM Best Paper Award for the paper “Social Ties and Quality Signals – Lessons from the Migration of East German Inventors” at the Academy of Management Meeting 2016 in Anaheim, California.

The paper dealt with the impact of social ties and publicly observable performance signals on the migration of knowledge workers. The fall of the Iron Curtain and German reunification were used as a natural experiment for the migration decision of East German inventors.

Results showed that regions with more pronounced social ties across the border prior to the fall of the Iron Curtain attracted more inventors as of 1990. Furthermore, mobility decisions made by inventors with visible performance signals were substantially less impacted by social ties than those of inventors who lacked these signals. The project was conducted with researchers from the Institute for Employment Research (IAB) in Nuremberg.

In honor of Beverly W. Pattishall, this award recognizes teaching professionals in the business and legal fields for outstanding instruction in the trademark and trade identity field. Beverly W. Pattishall was a long-time partner in the firm of Pattishall, McAuliffe, Newbury, Hilliard & Geraldson LLP. This award is presented every four years to a university or graduate school academic nominated by peers and students, and who best exemplifies the qualities of excellence and innovation in teaching subjects related to trademarks and trade identity.

Dr. Kur received an outstanding 18 nominations for this award. In one of the nominations, a former student described Dr. Kur as, “not only instrumental in triggering [her] interest in intellectual property law and its international context, she has also profoundly influenced [her] outlook on trademark and design law by favoring a critical approach, rooted in legal principles, and promoting awareness and consistency of the international context in an area as internationalized as trademark law.”

“It is evident in the numerous nominations that Dr. Kur embodies the qualities of a world-class teaching professional and Pattishall Medal Award recipient. Dr. Kur’s dedication and commitment to education is exemplary and our Association is pleased to have this opportunity to recognize her achievements in the classroom,” said 2016 INTA President Ronald van Tuijl. “We are honored to present Dr. Kur with this award.”

Dr. Kur will receive US $2,500 along with an invitation to attend INTA’s Leadership Meeting in Florida in November, where she will be formally presented with the award.

The International Trademark Association (INTA) is the global association of trademark owners and professionals dedicated to supporting trademarks and related intellectual property in order to protect consumers and to promote fair and effective commerce. Members include more than 6,700 trademark owners, professionals and academics from more than 190 countries, who benefit from the Association’s global trademark resources, policy development, education and training, and international network. Founded in 1878, INTA is headquartered in New York City, with offices in Brussels, Shanghai and Washington, D.C., and representatives in Geneva and Mumbai.

Henri de Belsunce, former scholarship holder at the Munich-based Max Planck Institute for Innovation and Competition, was awarded the "Brenno Galli Award" at the "SIDE (Italian Society of Law and Economics) 2014 Rome Conference" in December 2014 for his paper "Do more patents mean less entry? Patenting strategies in cumulative innovation under the threat of litigation".

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Senior Research Fellow and Head of Unit at the Munich-based Max Planck Institute for Innovation and Competition, Annette Kur, was awarded an honorary doctorate by the Hanken School of Economics, Helsinki (Finnland),, "for her major contributions to European intellectual property law, especially within the fields of trade mark and design law" at the end of November.

The honorary doctorate is conferred every five years on persons who "based on scientific, cultural or social activities of great merit can be considered worthy of this distinction". Together with a group of experts at the Max Planck Institute for Innovation and Competition, Kur has greatly influenced industrial design legislation in the European Union, for instance by co-writing the report on the "Overall Evaluation of the Functioning of the European Trade Mark System", which has formed the basis of the pending Commission proposal for the reform of European trade mark law.

Alongside Kur, Edward Freeman, Professor at the University of Virginia Darden School of Business (USA), and Oz Shy, PhD, Senior Economist at the Federal Reserve Bank of Boston (USA), were awarded the honorary doctorate for their academic achievements.

Hanken School of Economics, founded in 1909, is a leading, internationally accredited (Equis and AMBA) university in the field of economics and business administration. It is one of the oldest business schools in the Nordic countries and maintains close and intensive links with the business world. At its two campuses in Helsinki and Vaasa it offers academic programs on all levels (BSc, MSc and PhD).

Magdalena Streicher, doctoral candidate with exploratory focus on "Entrepreneurship" at the Munich-based Max Planck Institute for Innovation and Competition since October 2014, was awarded the Appreciation Prize from the Austrian Federal Ministry of Science, Research and Economy for her excellent achievements in the framework of her master studies in "International Management / CEMS" at the Vienna University of Economics and Business at the end of November.

The prize, endowed with EUR 2,500, is awarded annually at the recommendation of the Austrian universities and the conference of the technical colleges to their best graduates of the previous academic year. Two groups are eligible: on the one hand, persons who, under the auspices of the Austrian president, complete a doctorate, and on the other hand graduates of diploma and master programs. The requirement for the latter group is the completion of the diploma examination or the bachelor and master examination, respectively, with honors, as well as an excellent and best-rated diploma or master thesis, respectively. The Appreciation Prize is meant to make visible and honor top performance during academic studies and, at the same time, to be a stimulus for young academics.

In her master thesis "Diversity and Innovation: Which factors besides the demographic diversity of the founding team influence the innovation capability of a new company?" Streicher used a case study to analyse the dynamic of homogeneous founder teams. The thesis shows that the cognitive capabilities to integrate new knowledge in the company, to generate ideas and to identify opportunities are shaped much more by a variety of personal features and mindsets than by the demographic diversity of the founding team.

Die am Max-Planck-Institut entstandene Habilitationsschrift "Wirtschaftsordnung durch Zivilgerichte" von Rupprecht Podszun ist mit einem Roman-Herzog-Forschungspreis Soziale Marktwirtschaft ausgezeichnet worden. Der Preis wird vom Verband der Bayerischen Wirtschaft und dem Roman Herzog Institut vergeben. In gedruckter Form ist die Arbeit gerade in der Reihe Jus Privatum im Verlag Mohr Siebeck erschienen.

Rupprecht Podszun war von 2007-2012 Wissenschaftlicher Referent am Institut im Team von Prof. Dr. Josef Drexl. Inzwischen wurde Rupprecht Podszun auf einen Lehrstuhl an der Universität Bayreuth berufen, dem MPI ist er als Affiliated Research Fellow weiterhin verbunden. In seiner Habilitationsschrift untersucht er die Frage, wie die Zivilgerichte mit Streitigkeiten umgehen, die in der Folge von Deregulierungs- und Privatisierungsmaßnahmen neu entstanden oder aus dem Bereich des Öffentlichen Rechts in das Privatrecht wanderten. 

Fabian Kühnhausen, Research Fellow at the MPI and PhD Candidate at the LMU Munich, received the "Outstanding Doctoral Student Paper Award" for his paper "Financial Innovation and Fragility" from the Eastern Finance Association. He presented the paper at the 2014 Annual Meeting of the Eastern Finance Association in Pittsburgh, USA.In his paper, Fabian Kühnhausen empirically investigates the relationship of innovative activity by financial services firms on their individual stability. Using a unique data set that counts financial innovation in the USA, he can show that financial innovation negatively affects firm stability.The paper is available at SSRN.

This year's winners are Ulrich Kaiser, Department of Business Administration - Entrepreneurship, University of Zurich, and Nikolaj Malchow-Møller, Department of Business and Economics, University of Southern Denmark, with their article "Is Self-Employment Really a Bad Experience? The Effects of Previous Self-Employment on Subsequent Wage-Employment Wages", published in Journal of Business Venturing (2011). The award was presented by Prof. Dietmar Harhoff, Ph.D., director at the Max Planck Institute for Innovation and Competition and head of the economics department.

The Stephan Schrader Award is bestowed with 5000€ and sponsored by the Entrepreneurship Germany Foundation. Awarded are publications in high-ranking international academic journals, contributing significantly to the research in the respective area and being of high practical relevance.

The prize is awarded in memory of the outstanding researcher Prof. Dr. Stephan Schrader who founded the Institute for Innovation Research and Technology Management (INNO-tec) at the LMU Munich in 1994. He directed the Institute until his untimely death in 1997. His colleagues and students will always remember his inspiring personality.

The selection of the laureates is carried out by a scientific committee. Along with Dietmar Harhoff the members are: Oliver Alexy (Technische Universität München), Dominique Foray (Ecole Polytechnique Fédérale de Lausanne), Joachim Henkel (Technische Universität München), Eric von Hippel (Massachussetts Institute of Technology), Holger Patzelt (Technische Universität München), Ammon Salter (University of Bath), and Achim Walter (Kiel University).

As part of the event "Munich Best Paper Awards", Joachim Henkel, Technische Universität München, presented also the Theo Schöller Award - Munich Best Paper Award in Innovation Management Studies. Winner is Katja Rost, Institute of Sociology, University of Zurich, with her article "The Strength of Strong Ties in the Creation of Innovation", published in Research Policy (2011).

Further Information:

Prof. Dr. Katja Rost, Institute of Sociology, University of Zurich

Dr. Theo Schöller-Stiftungslehrstuhl für Technologie- und Innovationsmanagement, TUM School of Management

Scholarship Holder Ma Li's doctoral thesis "Study on performers' rights legal systems" was one of three PhD theses this year to earn a "2013 Excellent Doctoral Thesis in IP Law in China" award. This thesis competition was organized by the Intellectual Property Law Publisher of China which is affiliated with the State Intellectual Property Office of the P.R.C. and is a top 100 publisher in China. This is the 6th year of this award, which is aimed to promote the development of intellectual property law in China and to cultivate more talented intellectual property law researchers. PhD theses in the field were selected from across China and reviewed by 15 leading intellectual property law professors from top universities and intellectual property research centers. The winners have the opportunity to publish their doctoral theses for free in a serial of excellent IP law doctoral theses from the Intellectual Property Law Publisher of China.

Ma Li's doctoral thesis, "Study on performers' rights legal systems", is the first thesis in the field of intellectual property doing systematic research on performers' rights. Her doctoral thesis was focused on both the international experiences regarding the protection of performers' rights and special issues for China against the background of the new international "Beijing Treaty on Audiovisual Performances" and the third revision of China's copyright law. She earned her PhD from Renmin University of China in 2013 and was supervised by Professor Wu Handong, who is the director of Center for Studies of Intellectual Property Rights in Zhongnan University of Economics and Law, the former president of Zhongnan University of China, and was named one of the " Global 50 Most Influential People in IP" in 2009 and 2011 by Managing Intellectual Property (MIP).

Ma Li spent one year, from Sep. 2011 to Aug. 2012, in the Max Planck Institute to write her doctoral thesis as a visiting student. During her year with the Max Planck Institute, her thesis benefited from the rich materials and expert advice available here, especially from Prof. Dietz and Prof. Hilty. Ma Li is currently continuing her research on audiovisual performers' right in the institute as a scholarship holder supervised by Prof. von Lewinski, focusing on "Balancing Interests in the Protection of Audiovisual Performers' Rights".