The heterogeneous effects of patent scope on licensing propensity |
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| Institution: | 1. Harvard University, United States of America;2. University of Massachusetts Amherst, United States of America;3. School of Economics, University of Bristol, United Kingdom of Great Britain and Northern Ireland;4. University of Bath, United Kingdom of Great Britain and Northern Ireland;1. National University of Ireland Galway and Whitaker Institute for Innovation and Societal Change, Galway, Ireland;2. Department of Health Services Research and Policy, London School of Hygiene & Tropical Medicine, London, UK;1. ETH Zürich, Weinbergstrasse 56/58 WEV H-311, CH-8092 Zürich, Switzerland;2. Ghent University, Department of Marketing, Innovation, and Organisation, Hoveniersberg 2, B-9000 Gent, Belgium |
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| Abstract: | How does patent scope influence licensing propensity of inventions? Prior studies have often been confined to specific industries or settings, and their results have been mixed with studies showing a positive, a negative, or even no significant relationship. Also, while some have explored moderating factors that might influence the patent scope-licensing relationship, a systematic investigation of the heterogeneous effects of patent scope on licensing at the invention level has not been undertaken. This study combines a broad sample of publicly reported patent licensing agreements and a novel methodology that captures an exogenous variation in patent scope to re-investigate the relationship between patent scope and licensing and to explore key invention and inventor characteristics that could influence this relationship. The results show that narrowed patent scope leads to a substantial decline in licensing propensity of inventions and that the effect is stronger for high-quality, science-based, and novel inventions as well as for inventions generated by small inventors. |
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| Keywords: | Patent scope Invention Licensing Commercialization |
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