IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v103y2016icp156-165.html
   My bibliography  Save this article

A patent portfolio-based approach for assessing potential R&D partners: An application of the Shapley value

Author

Listed:
  • Song, Bomi
  • Seol, Hyeonju
  • Park, Yongtae

Abstract

We propose a patent portfolio-based approach for assessing potential R&D partners that can consider the inter-partner resource fit in the assessment process. The concept of an integrated patent portfolio is suggested and its value is designed to reflect the resource fit between potential R&D partners. The Shapley value is applied to assess the contribution of each potential partner to the value of the integrated patent portfolio. A case study of a lighting control system is presented to show the feasibility and advantages of our method. Overcoming the weakness of individual capability-focused evaluation of potential R&D partners, our method can better inform decision makers and experts in the partner selection process by enabling more comprehensive assessment of potential R&D partners.

Suggested Citation

  • Song, Bomi & Seol, Hyeonju & Park, Yongtae, 2016. "A patent portfolio-based approach for assessing potential R&D partners: An application of the Shapley value," Technological Forecasting and Social Change, Elsevier, vol. 103(C), pages 156-165.
    • Handle: RePEc:eee:tefoso:v:103:y:2016:i:c:p:156-165
    DOI: 10.1016/j.techfore.2015.10.010
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162515003054
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.techfore.2015.10.010?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Lee G. Branstetter & Mariko Sakakibara, 2002. "When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data," American Economic Review, American Economic Association, vol. 92(1), pages 143-159, March.
    2. Hagedoorn, John, 2002. "Inter-firm R&D partnerships: an overview of major trends and patterns since 1960," Research Policy, Elsevier, vol. 31(4), pages 477-492, May.
    3. Das, T. K. & Teng, Bing-Sheng, 2003. "Partner analysis and alliance performance," Scandinavian Journal of Management, Elsevier, vol. 19(3), pages 279-308, September.
    4. Dacin, M. Tina & Hitt, Michael A. & Levitas, Edward, 1997. "Selecting partners for successful international alliances: Examination of U.S. and Korean firms," Journal of World Business, Elsevier, vol. 32(1), pages 3-16, April.
    5. Uwe Cantner & Andreas Meder, 2007. "Technological proximity and the choice of cooperation partner," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 2(1), pages 45-65, June.
    6. Robin Cowan & Nicolas Jonard & Jean-Benoit Zimmermann, 2007. "Bilateral Collaboration and the Emergence of Innovation Networks," Management Science, INFORMS, vol. 53(7), pages 1051-1067, July.
    7. Lhuillery, Stéphane & Pfister, Etienne, 2009. "R&D cooperation and failures in innovation projects: Empirical evidence from French CIS data," Research Policy, Elsevier, vol. 38(1), pages 45-57, February.
    8. Tong, Xuesong & Frame, J. Davidson, 1994. "Measuring national technological performance with patent claims data," Research Policy, Elsevier, vol. 23(2), pages 133-141, March.
    9. John Hagedoorn, 1993. "Understanding the rationale of strategic technology partnering: Interorganizational modes of cooperation and sectoral differences," Strategic Management Journal, Wiley Blackwell, vol. 14(5), pages 371-385, July.
    10. Wang, Ming-Yeu, 2012. "Exploring potential R&D collaborators with complementary technologies: The case of biosensors," Technological Forecasting and Social Change, Elsevier, vol. 79(5), pages 862-874.
    11. Peter J. Lane & Michael Lubatkin, 1998. "Relative absorptive capacity and interorganizational learning," Post-Print hal-02311860, HAL.
    12. Frank T. Rothaermel, 2001. "Incumbent's advantage through exploiting complementary assets via interfirm cooperation," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 687-699, June.
    13. Bruce Kogut, 1988. "Joint ventures: Theoretical and empirical perspectives," Strategic Management Journal, Wiley Blackwell, vol. 9(4), pages 319-332, July.
    14. Becker, Wolfgang & Dietz, Jurgen, 2004. "R&D cooperation and innovation activities of firms--evidence for the German manufacturing industry," Research Policy, Elsevier, vol. 33(2), pages 209-223, March.
    15. Kogut, Bruce, 1989. "The Stability of Joint Ventures: Reciprocity and Competitive Rivalry," Journal of Industrial Economics, Wiley Blackwell, vol. 38(2), pages 183-198, December.
    16. Bayona, Cristina & Garcia-Marco, Teresa & Huerta, Emilio, 2001. "Firms' motivations for cooperative R&D: an empirical analysis of Spanish firms," Research Policy, Elsevier, vol. 30(8), pages 1289-1307, October.
    17. Büyüközkan, Gülçin & Feyzioglu, Orhan & Nebol, Erdal, 2008. "Selection of the strategic alliance partner in logistics value chain," International Journal of Production Economics, Elsevier, vol. 113(1), pages 148-158, May.
    18. Veugelers, Reinhilde, 1997. "Internal R & D expenditures and external technology sourcing," Research Policy, Elsevier, vol. 26(3), pages 303-315, October.
    19. Ernst, Holger, 2003. "Patent information for strategic technology management," World Patent Information, Elsevier, vol. 25(3), pages 233-242, September.
    20. Aija Leiponen & Constance E. Helfat, 2010. "Innovation objectives, knowledge sources, and the benefits of breadth," Strategic Management Journal, Wiley Blackwell, vol. 31(2), pages 224-236, February.
    21. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gupta, Nitish & Park, Hyunkyu & Phaal, Rob, 2022. "The portfolio planning, implementing, and governing process: An inductive approach," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    2. Yuan Zhou & Fang Dong & Yufei Liu & Liang Ran, 2021. "A deep learning framework to early identify emerging technologies in large-scale outlier patents: an empirical study of CNC machine tool," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(2), pages 969-994, February.
    3. Kaifeng Zhao & Seyed Hanif Mahboobi & Saeed R. Bagheri, 2018. "Shapley Value Methods for Attribution Modeling in Online Advertising," Papers 1804.05327, arXiv.org.
    4. Yan Qi & Xin Zhang & Zhengyin Hu & Bin Xiang & Ran Zhang & Shu Fang, 2022. "Choosing the right collaboration partner for innovation: a framework based on topic analysis and link prediction," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(9), pages 5519-5550, September.
    5. Park, Youngjin & Yoon, Janghyeok, 2017. "Application technology opportunity discovery from technology portfolios: Use of patent classification and collaborative filtering," Technological Forecasting and Social Change, Elsevier, vol. 118(C), pages 170-183.
    6. Chung, Jaemin & Ko, Namuk & Yoon, Janghyeok, 2021. "Inventor group identification approach for selecting university-industry collaboration partners," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    7. Yanhua Du & Jun Fang & Yongjian Ke & Simon P Philbin & Jingxiao Zhang, 2019. "Developing a Revenue Sharing Method for an Operational Transfer-Operate-Transfer Project," Sustainability, MDPI, vol. 11(22), pages 1-19, November.
    8. Fred Phillips, 2017. "A perspective on ‘Big Data’," Science and Public Policy, Oxford University Press, vol. 44(5), pages 730-737.
    9. Song, Kisik & Kim, Kyuwoong & Lee, Sungjoo, 2018. "Identifying promising technologies using patents: A retrospective feature analysis and a prospective needs analysis on outlier patents," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 118-132.
    10. Wei Chen & Hui Qu & Kuo Chi, 2021. "Partner Selection in China Interorganizational Patent Cooperation Network Based on Link Prediction Approaches," Sustainability, MDPI, vol. 13(2), pages 1-16, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Manuela Gussoni, 2009. "The determinants of inter-firms R&D cooperation and partner selection. A literature overview," Discussion Papers 2009/86, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    2. Yan Qi & Xin Zhang & Zhengyin Hu & Bin Xiang & Ran Zhang & Shu Fang, 2022. "Choosing the right collaboration partner for innovation: a framework based on topic analysis and link prediction," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(9), pages 5519-5550, September.
    3. Lokshin, Boris & Hagedoorn, John & Letterie, Wilko, 2011. "The bumpy road of technology partnerships: Understanding causes and consequences of partnership mal-functioning," Research Policy, Elsevier, vol. 40(2), pages 297-308, March.
    4. Peeters, T.J.G., 2013. "External knowledge search and use in new product development," Other publications TiSEM 300ebb34-b090-4210-b95e-f, Tilburg University, School of Economics and Management.
    5. Czarnitzki, Dirk & Hottenrott, Hanna, 2012. "Collaborative R&D as a strategy to attenuate financing constraints," ZEW Discussion Papers 12-049, ZEW - Leibniz Centre for European Economic Research.
    6. Adrián Kovács & Bart Looy & Bruno Cassiman, 2015. "Exploring the scope of open innovation: a bibliometric review of a decade of research," Scientometrics, Springer;Akadémiai Kiadó, vol. 104(3), pages 951-983, September.
    7. Corinne Autant-Bernard & Cilem Selin Hazir, 2011. "Conceptualizing the Role of Geographical Proximity in Project Based R&D Networks: A Literature Survey," Post-Print halshs-00674345, HAL.
    8. Sánchez-González, Gloria & González-Álvarez, Nuria & Nieto, Mariano, 2009. "Sticky information and heterogeneous needs as determining factors of R&D cooperation with customers," Research Policy, Elsevier, vol. 38(10), pages 1590-1603, December.
    9. Santamaría Sánchez, Luis & Surroca Aguilar, Jorge, 2004. "Idoneidad del socio tecnológico : un análisis con datos de panel," DEE - Documentos de Trabajo. Economía de la Empresa. DB db040704, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    10. Jiatao Li & Zhenzhen Xie, 2016. "Governance Structure and the Creation and Protection of Technological Competencies: International R&D Joint Ventures in China," Management International Review, Springer, vol. 56(1), pages 123-148, February.
    11. Krammer, Sorin M.S., 2016. "The role of diversification profiles and dyadic characteristics in the formation of technological alliances: Differences between exploitation and exploration in a low-tech industry," Research Policy, Elsevier, vol. 45(2), pages 517-532.
    12. Ipsita Roy, 2018. "Role of human resource practices in absorptive capacity and R&D cooperation," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 885-913, September.
    13. Qin Yang, 2018. "Geographical Diversity of Alliance Portfolio and Firm Innovation: The Roles of Resource Characteristics and Governance Structures," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 15(06), pages 1-22, December.
    14. Hagedoorn, John & Wang, Ning, 2012. "Is there complementarity or substitutability between internal and external R&D strategies?," Research Policy, Elsevier, vol. 41(6), pages 1072-1083.
    15. Martinez-Noya, Andrea & Narula, Rajneesh, 2018. "What more can we learn from R&D alliances? : A review and research agenda," MERIT Working Papers 2018-022, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    16. Seo, Hangyeol & Chung, Yanghon & Yoon, Hyungseok (David), 2017. "R&D cooperation and unintended innovation performance: Role of appropriability regimes and sectoral characteristics," Technovation, Elsevier, vol. 66, pages 28-42.
    17. Spyros Arvanitis, 2009. "How do different motives for R&D cooperation affect firm performance?," KOF Working papers 09-233, KOF Swiss Economic Institute, ETH Zurich.
    18. Santamaría, Luis & Nieto, María Jesús & Rodríguez, Alicia, 2021. "Failed and successful innovations: The role of geographic proximity and international diversity of partners in technological collaboration," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    19. Miotti, Luis & Sachwald, Frederique, 2003. "Co-operative R&D: why and with whom?: An integrated framework of analysis," Research Policy, Elsevier, vol. 32(8), pages 1481-1499, September.
    20. repec:dau:papers:123456789/6963 is not listed on IDEAS
    21. Sanja Puzović & Jasmina Vesić Vasović & Dragan D. Milanović & Vladan Paunović, 2023. "A Hybrid Fuzzy MCDM Approach to Open Innovation Partner Evaluation," Mathematics, MDPI, vol. 11(14), pages 1-26, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:tefoso:v:103:y:2016:i:c:p:156-165. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/00401625 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.