Co-Ownership of Intellectual Property: Exploring the Value Appropriation and Value Creation Implications of Co-Patenting With Different Partners

Belderbos, Rene; Cassiman, Bruno; Faems, Dries; Leten, Bart; Looy, Bart Van
May 2013
Proceedings of the European Conference on Innovation & Entrepren;2013, p96
Conference Proceeding
Combining interview data and empirical analyses, we explore the value appropriation and value creation implications of R&D collaboration involving 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 particularly strong for intra-industry co-patenting, where partners are more likely to face overlapping exploitation domains. Co-patenting with universities, and to a lesser extent also with inter-industry partners, is associated with higher market value, as appropriation challenges are unlikely to play a role and collaboration may signal novel technological opportunities. Whereas 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 in terms of future exploitation and development of co-owned technologies.


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