Patents and Corporate Value Creation: The Theoretical Approach

Intellectual Capital Journal, Vol. 8, No. 3, pp. 431-443, 2007

24 Pages Posted: 20 Feb 2009

See all articles by Ludmila Striukova

Ludmila Striukova

SKEMA Business School - Paris la Défense Campus

Date Written: December 22, 2008

Abstract

Purpose - The purpose of the paper is to provide a taxonomy of values created by corporate patents. Design/methodology/approach - Following an extensive literature review, value created by corporate patents is analysed according to four categories: embedded in individuals; embedded in systems and structures; market; and non-market. This paper demonstrates that the value created by a company can reside in any of these four dimensions.

Findings - One of the main findings is that value created by corporate patents can be both market and non-market and can be embedded both in individuals and in systems and structures. Organisations can apply this framework to assess their needs and abilities with regard to value creation from patents.

Research limitations/implications - This research sets the background for an empirical study which can be conducted to confirm the theory.

Practical implications - The paper is a useful resource for patent managers and policy-makers, as it provides them with a tool to analyse value embedded in patents and guidelines how to develop this value further.

Originality/value - The analysis presented here differs from the traditional evaluation of patents through patent statistics and it offers a theoretical framework which can be used by companies for the analysis of their patent portfolio. This paper provides insight into the possibilities and problems that underpin value creation from patents and shows what type of value can be created and how this value can be extracted.

Keywords: Intellectual capital, intellectual property, patents, licensing, value creation

Suggested Citation

Striukova, Ludmila, Patents and Corporate Value Creation: The Theoretical Approach (December 22, 2008). Intellectual Capital Journal, Vol. 8, No. 3, pp. 431-443, 2007, Available at SSRN: https://ssrn.com/abstract=1319399

Ludmila Striukova (Contact Author)

SKEMA Business School - Paris la Défense Campus ( email )

Paris la Défense, 92916
France

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