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

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    Publication type
    Vlerick strategic journal article
    Author
    Belderbos, Rene
    Cassiman, Bruno
    Faems, Dries
    Leten, Bart
    Van Looy, Bart
    Publication Year
    2014
    Journal
    Research Policy
    Publication Volume
    43
    Publication Issue
    5
    Publication Begin page
    841
    Publication End page
    852
    
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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.
    Keyword
    Operations & Supply Chain Management, Co-Ownership, Co-Patenting, Intellectual Property, Value Creation, Value Appropriation, Open Innovation
    Knowledge Domain/Industry
    Operations & Supply Chain Management
    DOI
    10.1016/j.respol.2013.08.013
    URI
    http://hdl.handle.net/20.500.12127/4970
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.respol.2013.08.013
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