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

Rene Belderbos, Bruno Cassiman, Dries Faems, Bart Leten and Bart Van Looy

Research Policy, 2014, vol. 43, issue 5, 841-852

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.

Keywords: Co-ownership; Co-patenting; Intellectual property; Value creation; Value appropriation; Open innovation (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (86)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:43:y:2014:i:5:p:841-852

DOI: 10.1016/j.respol.2013.08.013

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