In an effort to decompose and adjust patent sales prices for patent portfolio valuation, this study analyzes patent transaction data collected as of September 2012. After presenting the descriptive statistics, the analysis designates a hedonic-model-like specification to identify the value...

This study shows for a large sample of R&D-active manufacturing firms that collaborative R&D has a positive effect on firms' patenting in terms of both quantity and quality. When distinguishing between alliances that aim at joint creation of new knowledge and alliances that aim at exchange of...

Global policy discussions increasingly focus on innovation and the knowledge economy as a driver of long-term growth. In parallel new forms of innovation processes are emerging, notably open innovation and innovation networks stressing the importance of connections between various stakeholders....

This paper examines the diversity of the types of links of firms to science and their effect on innovation performance for a sample of Belgian firms. While at the industry level links to science are highly related to the R&D intensity of the sector, we show that there exists considerable...

This paper analyzes how the optimal strength of patents on basic inventions is affected by financial constraints on the side of either inventors or developers. The lower the net wealth of a developer is, the more difficult it becomes for an inventor to license her invention to him as she has to...

This paper examines the diversity of the types of links of firms to science and their effect on innovation performance for a sample of Belgian firms. While at the industry level links to science are highly related to the R&D intensity of the sector, we show that there exists considerable...

We study whether and to what extent financial exchange innovations are in practice patentable in Europe. We find that exchange-related applications initially increased significantly after the State Street decision but subsequently decreased. The clear majority (65%) of applications come from the...

This paper assesses two decades of international generation of technology through EPO data: we quantify its volume, analyze its motives and identify several business traits that facilitate its implementation. Our database, which is composed of 65,000 firms and 465,000 patents, shows that most...

This paper empirically investigates a sample of German domestic merger and acquisitions (M&As) in the 1990s to analyze the importance of a related technology portfolio in the decision to acquire a particular firm. The novelty of this analysis lies in the fact that the sample does not contain...