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

43 Pages Posted: 16 May 2014

See all articles by René Belderbos

René Belderbos

University of Leuven (KUL) - Department of Managerial Economics, Strategy and Innovation; Maastricht University - Department of Organization & Strategy

Bruno Cassiman

IESE Business School; KU Leuven - Faculty of Business and Economics (FEB)

Dries Faems

KU Leuven - Faculty of Business and Economics (FEB)

Bart Leten

KU Leuven - Faculty of Business and Economics (FEB)

Bart Van Looy

KU Leuven - Department of Economics

Date Written: August 2013

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.

Suggested Citation

Belderbos, Rene and Cassiman, Bruno and Faems, Dries and Leten, Bart and Van Looy, Bart, Co-Ownership of Intellectual Property: Exploring the Value-Appropriation and Value-Creation Implications of Co-Patenting with Different Partners (August 2013). Available at SSRN: https://ssrn.com/abstract=2437374 or http://dx.doi.org/10.2139/ssrn.2437374

Rene Belderbos (Contact Author)

University of Leuven (KUL) - Department of Managerial Economics, Strategy and Innovation ( email )

Naamsestraat 69
Leuven, B-3000
Belgium
+32 16 32 6912 (Phone)
+32 16 32 6732 (Fax)

Maastricht University - Department of Organization & Strategy ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands

Bruno Cassiman

IESE Business School ( email )

Avenida Pearson 21
Barcelona, 08034
Spain
+34 93 602 4426 (Phone)
+34 93 253 4343 (Fax)

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Dries Faems

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Bart Leten

KU Leuven - Faculty of Business and Economics (FEB) ( email )

Naamsestraat 69
Leuven, B-3000
Belgium

Bart Van Looy

KU Leuven - Department of Economics ( email )

Leuven, B-3000
Belgium

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