Co-ownership of intellectual property: Exploring the value-appropriation and value-creation implications of co-patenting with different partners

R.A. Belderbos, B. Cassiman, D. Faems, B. Leten, B. van Looy

Research output: Contribution to journalArticleAcademicpeer-review

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.
Original languageEnglish
Pages (from-to)841-852
Number of pages12
JournalResearch Policy
Volume43
Issue number5
DOIs
Publication statusPublished - Jun 2014

Keywords

  • Co-ownership
  • Co-patenting
  • Intellectual property
  • Value creation
  • Value appropriation
  • Open innovation
  • RESEARCH-AND-DEVELOPMENT
  • INTERFIRM KNOWLEDGE TRANSFER
  • INTERNET PORTAL ALLIANCES
  • MARKET VALUE
  • DEVELOPMENT COOPERATION
  • STRATEGIC ALLIANCES
  • MANUFACTURING FIRMS
  • CONTRACT DESIGN
  • OPEN INNOVATION
  • EUROPEAN FIRMS

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