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Co-ownership of intellectual property: Exploring the value-appropriation and value-creation implications of co-patenting with different partners
Belderbos, Rene Cassiman, Bruno Faems, Dries Leten, Bart Van Looy, Bart
Belderbos, Rene
Cassiman, Bruno
Faems, Dries
Leten, Bart
Van Looy, Bart
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2014
Journal
Research Policy
Book
Publication Volume
43
Publication Issue
5
Publication Begin page
841
Publication End page
852
Publication NUmber of pages
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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.
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Keywords
Operations & Supply Chain Management, Co-Ownership, Co-Patenting, Intellectual Property, Value Creation, Value Appropriation, Open Innovation