Co-ownership of intellectual property: Exploring the value-appropriation and value-creation implications of co-patenting with different partners
Combining both interview data and empirical analyses at the patent and firm levels, we explore the value-appropriation and value-creation implications of R&D collaboration resulting in the co-ownership of intellectual property (i.e. co-patents). We make an explicit distinction between three different types of co-patenting partners: intra-industry partners, inter-industry partners, and universities. Our findings indicate that the value-appropriation challenges of IP sharing are clearly evident with intra-industry co-patenting, where partners are more likely to encounter overlapping exploitation domains. Co-patenting with universities is associated with higher market value, since appropriation challenges are unlikely to play a role and collaboration may signal novel technological opportunities. Although we find some evidence that co-patenting corresponds to higher (patent) value, patents co-owned with firms are significantly less likely to receive self-citations, indicating constraints on the future exploitation and development of co-owned technologies.
Year of publication: |
2014
|
---|---|
Authors: | Belderbos, René ; Cassiman, Bruno ; Faems, Dries ; Leten, Bart ; Van Looy, Bart |
Published in: |
Research Policy. - Elsevier, ISSN 0048-7333. - Vol. 43.2014, 5, p. 841-852
|
Publisher: |
Elsevier |
Subject: | Co-ownership | Co-patenting | Intellectual property | Value creation | Value appropriation | Open innovation |
Saved in:
Online Resource