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 articlePublication Year
2014Journal
Research PolicyPublication Volume
43Publication Issue
5Publication Begin page
841Publication End page
852
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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 InnovationKnowledge Domain/Industry
Operations & Supply Chain Managementae974a485f413a2113503eed53cd6c53
10.1016/j.respol.2013.08.013