Co-ownership of intellectual property: Exploring the value-appropriation and value-creation implications of co-patenting with different partners(Article)(Open Access)
- aKU Leuven, Belgium
- bUNU-MERIT and Maastricht University, Netherlands
- cIESE Business School, Spain
- dCEPR, United Kingdom
- eUniversity of Groningen, Netherlands
- fVlerick Business School, Belgium
- gFWO Flanders, Belgium
- hIGS, University of Twente, Netherlands
Abstract
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. © 2013 Elsevier B.V.
Indexed keywords
| Engineering controlled terms: | IndustryIntellectual property |
|---|---|
| Engineering uncontrolled terms | Co-ownershipCo-patentingOpen innovationValue appropriationValue creation |
| Engineering main heading: | Patents and inventions |
Funding details
| Funding sponsor | Funding number | Acronym |
|---|---|---|
| ECO2012-38134 | ||
| Generalitat de Catalunya | 2009-SGR919,IMPH006 | |
| Fonds Wetenschappelijk Onderzoek | G.0468.09 | FWO |
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1
The authors wish to thank Henry Chesbrough, Ashish Arora, the two anonymous referees, John Hagedoorn, Ammon Salter, and the participants in the workshop on Open Innovation: New Insights and Evidence held in London and the DRUID conference in Barcelona for their helpful comments. In addition, we would like to thank Esther van Zimmeren (CIR, KU Leuven) for providing feedback on the legal implications of (co-) patents and various company experts for sharing their experience and insights on co-patenting strategies and their implications. Bruno Cassiman is a research fellow of the SP-SP Research Center at IESE Business School and acknowledges partial financial support from the Spanish Ministry of Economics and Competition through project n° ECO2012-38134, the Catalan Government Grant n° 2009-SGR919 . Bruno Cassiman and Bart Van Looy acknowledge partial financial support from IMPH006 and Bart Leten and Rene Belderbos from FWO Flanders (project G.0468.09).
- ISSN: 00487333
- CODEN: REPYB
- Source Type: Journal
- Original language: English
- DOI: 10.1016/j.respol.2013.08.013
- Document Type: Article
- Publisher: Elsevier B.V.
Cassiman, B.; KU Leuven, Belgium;
© Copyright 2017 Elsevier B.V., All rights reserved.
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