Co-ownership of intellectual property: Exploring the value-appropriation and value-creation implications of co-patenting with different partners |
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| Authors: | René Belderbos Bruno Cassiman Dries Faems Bart Leten Bart Van Looy |
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| Institution: | 1. KU Leuven, Belgium;2. UNU-MERIT & Maastricht University, The Netherlands;3. IESE Business School, Spain;4. CEPR, UK;5. University of Groningen, The Netherlands;6. Vlerick Business School, Belgium;g FWO Flanders, Belgium;h IGS, University of Twente, The Netherlands |
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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. |
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| Keywords: | Co-ownership Co-patenting Intellectual property Value creation Value appropriation Open innovation |
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