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The Institutional Sources Of Knowledge And The Value Of Academic Patents

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  • Eleftherios Sapsalis
  • Bruno van Pottelsberghe de la Potterie

Abstract

This paper puts forward new potential determinants of patent value which are related to the identification of institutional sources of knowledge and the geographic scope of patenting strategy. The impact of these new indicators is evaluated through an empirical analysis that aims to explain the number of forward citations received by 208 patent families applied for by six Belgian universities. The new indicators provide a more in-depth understanding of the way non-patent citations, backward patent citations, co-assignees and the geographical scope for protection determine patent value. The policy implications induced by these results are the positive impact of collaboration between public research organisations and the need to focus on academic researchers with a high scientific profile in terms of publications in order to crystallize their tacit knowledge into high value academic patents.

Suggested Citation

  • Eleftherios Sapsalis & Bruno van Pottelsberghe de la Potterie, 2007. "The Institutional Sources Of Knowledge And The Value Of Academic Patents," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 16(2), pages 139-157.
  • Handle: RePEc:taf:ecinnt:v:16:y:2007:i:2:p:139-157
    DOI: 10.1080/10438590600982939
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    Cited by:

    1. Higham, Kyle & de Rassenfosse, Gaétan & Jaffe, Adam B., 2021. "Patent Quality: Towards a Systematic Framework for Analysis and Measurement," Research Policy, Elsevier, vol. 50(4).
    2. Antoine Dechezleprêtre & Yann Ménière & Myra Mohnen, 2017. "International patent families: from application strategies to statistical indicators," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 793-828, May.
    3. Nicolas van Zeebroeck, 2011. "The puzzle of patent value indicators," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(1), pages 33-62.
    4. Puay Tang & Dagmara Weckowska & André Campos & Michael Hobday, 2010. "Managing Intellectual Property in Universities: Patents and the Protection Failure Problem," SPRU Working Paper Series 188, SPRU - Science Policy Research Unit, University of Sussex Business School.
    5. Bruno Pottelsberghe de la Potterie & Nicolas Zeebroeck, 2008. "A brief history of space and time: The scope-year index as a patent value indicator based on families and renewals," Scientometrics, Springer;Akadémiai Kiadó, vol. 75(2), pages 319-338, May.
    6. Nicolas van Zeebroeck, 2007. "Patents only live twice: a patent survival analysis in Europe," Working Papers CEB 07-028.RS, ULB -- Universite Libre de Bruxelles.
    7. Nicolas van Zeebroeck & Bruno Van Pottelsberghe & Dominique Guellec, 2008. "Patents and Academic Research: A State of the Art," Working Papers CEB 08-013.RS, ULB -- Universite Libre de Bruxelles.
    8. Antonio Messeni Petruzzelli & Daniele Rotolo & Vito Albino, 2014. "Determinants of Patent Citations in Biotechnology: An Analysis of Patent Influence Across the Industrial and Organizational Boundaries," SPRU Working Paper Series 2014-05, SPRU - Science Policy Research Unit, University of Sussex Business School.
    9. Francesco Lissoni & Fabio Montobbio, 2015. "The Ownership of Academic Patents and Their Impact. Evidence from Five European Countries," Revue économique, Presses de Sciences-Po, vol. 66(1), pages 143-171.
    10. Gianluca Murgia, 2021. "The impact of collaboration diversity and joint experience on the reiteration of university co-patents," The Journal of Technology Transfer, Springer, vol. 46(4), pages 1108-1143, August.
    11. Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie & Wook Han, 2006. "Issues in measuring the degree of technological specialisation with patent data," Scientometrics, Springer;Akadémiai Kiadó, vol. 66(3), pages 481-492, March.
    12. Tischler, Joachim, 2014. "Characteristics of technological base, pace of technological development, and growth of young technology-based firms," EconStor Preprints 96156, ZBW - Leibniz Information Centre for Economics.
    13. Acosta, Manuel & Coronado, Daniel & Martínez, M. Ángeles, 2012. "Spatial differences in the quality of university patenting: Do regions matter?," Research Policy, Elsevier, vol. 41(4), pages 692-703.
    14. Blind, Knut & Cremers, Katrin & Mueller, Elisabeth, 2009. "The influence of strategic patenting on companies' patent portfolios," Research Policy, Elsevier, vol. 38(2), pages 428-436, March.
    15. Francesco Lissoni, 2013. "Intellectual property and university–industry technology transfer," Chapters, in: Faïz Gallouj & Luis Rubalcaba & Paul Windrum (ed.), Public–Private Innovation Networks in Services, chapter 7, pages 164-194, Edward Elgar Publishing.
    16. Grimaldi, Michele & Cricelli, Livio & Di Giovanni, Martina & Rogo, Francesco, 2015. "The patent portfolio value analysis: A new framework to leverage patent information for strategic technology planning," Technological Forecasting and Social Change, Elsevier, vol. 94(C), pages 286-302.
    17. Leila Tahmooresnejad & Catherine Beaudry, 2019. "Capturing the economic value of triadic patents," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(1), pages 127-157, January.
    18. Hohberger, Jan, 2016. "Diffusion of science-based inventions," Technological Forecasting and Social Change, Elsevier, vol. 104(C), pages 66-77.
    19. Kenneth Zahringer & Christos Kolympiris & Nicholas Kalaitzandonakes, 2017. "Academic knowledge quality differentials and the quality of firm innovation," Industrial and Corporate Change, Oxford University Press, vol. 26(5), pages 821-844.
    20. Joaquín M. Azagra-Caro, 2012. "Access to universities’ public knowledge: who’s more nationalist?," Scientometrics, Springer;Akadémiai Kiadó, vol. 91(3), pages 671-691, June.
    21. Eleftherios Sapsalis & Bruno Van Pottelsberghe, 2003. "Insight into the patenting performance of Belgian universities," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 46(3), pages 37-58.
    22. Sterzi, Valerio, 2011. "Academic patent value and knowledge transfer in the UK. Does patent ownership matter?," MPRA Paper 34955, University Library of Munich, Germany.
    23. Magerman, Tom & Looy, Bart Van & Debackere, Koenraad, 2015. "Does involvement in patenting jeopardize one’s academic footprint? An analysis of patent-paper pairs in biotechnology," Research Policy, Elsevier, vol. 44(9), pages 1702-1713.
    24. Nicolas van Zeebroeck, 2009. "From patent renewals to applications survival: do portfolio management strategies play a role in patent length?," Working Papers CEB 09-028.RS, ULB -- Universite Libre de Bruxelles.

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    More about this item

    Keywords

    Patent value; Patent indicators; knowledge sources;
    All these keywords.

    JEL classification:

    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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