Knowledge Flow Determinants of Patent Value: Evidence from Taiwan and South Korea Biotechnology Patents

Ming-Yeu Wang (), Hsien-Chen Lo () and Yu-Yin Liao ()
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Ming-Yeu Wang: Department of BioBusiness Management, National Chiayi University, 580 Sinmin Rd., Chiayi City 60054, Taiwan, Republic of China
Hsien-Chen Lo: Institute of Technology Management, National Tsing Hua University, No. 101, Section 2 Guangfu Road, East District, Hsinchu, Taiwan, Republic of China
Yu-Yin Liao: Department of BioBusiness Management, National Chiayi University, 580 Sinmin Rd., Chiayi City 60054, Taiwan, Republic of China

International Journal of Innovation and Technology Management (IJITM), 2015, vol. 12, issue 03, 1-18

Abstract: Patents are important knowledge assets that enable firms to compete successfully and earn returns. To control spending on patent renewal fees, firms carefully analyze the value of their patents to determine whether patent rights need to be maintained, thereby rendering renewal decisions an opportunity to examine patent values. This study incorporates social network analysis and traditional patent indicators to empirically investigate the determinants affecting patent valuation by firms and research institutes in the Taiwanese and South Korean biotechnology industries. Results indicate that firms and research institutes value their patents differently. Certain indicators derived from knowledge flow and traditional patent indicators significantly affect patent value. Based on the findings, this study provides suggestions for policy-making.

Keywords: Knowledge flow; patent valuation; patent renewal; social network analysis; survival analysis (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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DOI: 10.1142/S0219877015400040

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