IDEAS home Printed from https://ideas.repec.org/a/eee/tefoso/v215y2025ics0040162525001581.html
   My bibliography  Save this article

How does patent portfolio structure affect patent value in different technological environments? Evidence from Chinese high-tech industries

Author

Listed:
  • Li, Lanhua
  • Xin, Daqi
  • Yang, Xi
  • Yu, Xiaodan

Abstract

In recent decades, races for individual patents among firms have been shifting to strategic competition based on patent portfolios. This transition underscores the importance of understanding how individual patents can be coherently integrated into a patent portfolio to enhance their value. We argue that individual patent value is not only determined by inherent patent-level characteristics but also hinges on two characteristics of patent portfolio structure—technological advantage and relatedness. Based on the patent data of Chinese listed companies in high technology industries from 2007 to 2019, we employ patent survival analysis and find that technological advantage of a patent portfolio in a specific field can increase the value of patents in the field. In addition, technological relatedness across different fields also renders higher patent value. We further document the moderating effects of two external technological environment factors. Specifically, as external technological competition intensifies, the positive effects of portfolio advantage and portfolio relatedness on patent value become stronger. Conversely, external technological opportunity richness weakens the positive relationship between technological relatedness and patent value. Our findings yield strategic insights for firms seeking to refine their patent portfolio structures in sync with technology trends.

Suggested Citation

  • Li, Lanhua & Xin, Daqi & Yang, Xi & Yu, Xiaodan, 2025. "How does patent portfolio structure affect patent value in different technological environments? Evidence from Chinese high-tech industries," Technological Forecasting and Social Change, Elsevier, vol. 215(C).
  • Handle: RePEc:eee:tefoso:v:215:y:2025:i:c:s0040162525001581
    DOI: 10.1016/j.techfore.2025.124127
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0040162525001581
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.techfore.2025.124127?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.

    More about this item

    Keywords

    Patent portfolio; Patent value; Portfolio advantage; Portfolio relatedness; Survival analysis; Technological environment;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    Statistics

    Access and download statistics

    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:215:y:2025:i:c:s0040162525001581. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.