Academic Inventors, Technological Profiles and Patent Value: An Analysis of Academic Patents Owned by Swedish-Based Firms

Industry & Innovation 20(5): 473-487

28 Pages Posted: 9 May 2015

See all articles by Daniel Ljungberg

Daniel Ljungberg

University of Gothenburg - Department of Economy and Society

Evangelos Bourelos

University of Gothenburg - Department of Economy and Society

Maureen McKelvey

University of Gothenburg

Date Written: 2013

Abstract

This paper analyzes the relationship between academic inventors and firms, focusing on the relation between academic inventors, the technological profiles of firms and patent value. In particular, this paper focuses on the value of academic patents as compared to non-academic patents, owned by large firms based in Sweden. One finding is that academic patents have a short-term disadvantage, which disappears in the long-term. Our results also indicate that controlling for whether the patent belongs to a core or non-core technology relative to the firm’s technological profile neutralizes the premium of non-academic patents. In other words, patents belonging to firms’ core technologies have significantly higher value, regardless of whether they are academic or non-academic patents. The above results indicate that the technological profile of firms is an important characteristic to analyze, when examining the value of academic patents and the specific role that academics play in industrial invention.

Keywords: Academic patenting; Patent value; Technological profiles

JEL Classification: O31, O34, O39

Suggested Citation

Ljungberg, Daniel and Bourelos, Evangelos and McKelvey, Maureen, Academic Inventors, Technological Profiles and Patent Value: An Analysis of Academic Patents Owned by Swedish-Based Firms (2013). Industry & Innovation 20(5): 473-487. Available at SSRN: https://ssrn.com/abstract=2603789

Daniel Ljungberg (Contact Author)

University of Gothenburg - Department of Economy and Society ( email )

Vasagatan 1
Goteborg, 40530
Sweden

Evangelos Bourelos

University of Gothenburg - Department of Economy and Society ( email )

Vasagatan 1
Goteborg, 40530
Sweden

Maureen McKelvey

University of Gothenburg ( email )

Viktoriagatan 30
Göteborg, 405 30
Sweden

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