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 language | English |
---|---|
Pages (from-to) | 841-852 |
Number of pages | 12 |
Journal | Research Policy |
Volume | 43 |
Issue number | 5 |
DOIs | |
Publication status | Published - 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