Abstract

http://ssrn.com/abstract=2319337
 


 



The Value of Disclosing IPR to Open Standard Setting Organizations


Katrin Hussinger


Universite du Luxembourg; Catholic University of Leuven (KUL); Centre for European Economic Research (ZEW)

Franz Schwiebacher


Centre for European Economic Research (ZEW); KU Leuven

August 15, 2013

ZEW - Centre for European Economic Research Discussion Paper No. 13-060

Abstract:     
Open standard-setting organizations (SSOs) have emerged as important coordination and diffusion mechanism for information and communication technologies. Open standards are developed non-discriminatorily and licensed to anybody at reasonable and non-discriminatory terms. Little is known about the value of IP contributions to open standards for technology providers. This paper provides a large-scale empirical assessment thereof. Our findings show that disclosure of standard-relevant IP ownership is valued positively by financial markets only if the disclosure refers explicitly to associated patents. The loss of exclusivity to IPR appears to be outweighed by the expected benefits from open standards. Patents appear to signal the technological quality of IP contributions from firms with low R&D intensities.

Number of Pages in PDF File: 40

Keywords: Open standards, IP disclosures, market value

JEL Classification: O32, O34, L15

working papers series





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Date posted: September 2, 2013  

Suggested Citation

Hussinger, Katrin and Schwiebacher, Franz, The Value of Disclosing IPR to Open Standard Setting Organizations (August 15, 2013). ZEW - Centre for European Economic Research Discussion Paper No. 13-060. Available at SSRN: http://ssrn.com/abstract=2319337 or http://dx.doi.org/10.2139/ssrn.2319337

Contact Information

Katrin Hussinger (Contact Author)
Universite du Luxembourg ( email )
L-1511 Luxembourg
Luxembourg
Catholic University of Leuven (KUL) ( email )
Steunpunt O&O Statistieken
Dekenstraat 2
B-3000 Leuven
Belgium
Centre for European Economic Research (ZEW) ( email )
P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany
Franz Schwiebacher
Centre for European Economic Research (ZEW) ( email )
P.O. Box 10 34 43
L 7,1
D-68034 Mannheim, 68034
Germany
KU Leuven ( email )
Oude Markt 13
Leuven, Vlaams-Brabant 3000
Belgium
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