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How does knowledge matter patenting inventions?

Author

Listed:
  • Ana Pérez-Luño

    () (Department of Business Administration, Universidad Pablo de Olavide)

  • Ramón Valle-Cabrera

    () (Department of Business Administration, Universidad Pablo de Olavide)

Abstract

While there is robust empirical evidence that firm patenting is positively associated with various measures of overall performance and competitiveness, less is known about what determines the patenting choice. For this reason, this paper examines whether R&D expenditure and the type of knowledge used in the invention determine the decision to patent. With this aim, we use a sample of firms and the European Patent Office to analyse how the combination of R&D expenditure and knowledge codifiability, observability and simplicity influences the patent decision. Our results contribute to the literature and assist R&D managers by showing that both R&D and codified knowledge have a positive impact on the number of inventions patented by a firm, while observable knowledge has a negative impact on patents. Furthermore, we find that the effect of R&D expenditure on the propensity to patent inventions is negatively moderated by knowledge observability and simplicity.

Suggested Citation

  • Ana Pérez-Luño & Ramón Valle-Cabrera, 2010. "How does knowledge matter patenting inventions?," Working Papers 10.01, Universidad Pablo de Olavide, Department of Business Administration.
  • Handle: RePEc:pab:wpbsad:10.01
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    File URL: http://www.upo.es/serv/bib/wpbsad/bsad1001.pdf
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    References listed on IDEAS

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    1. Mansfield, Edwin & Schwartz, Mark & Wagner, Samuel, 1981. "Imitation Costs and Patents: An Empirical Study," Economic Journal, Royal Economic Society, vol. 91(364), pages 907-918, December.
    2. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters,in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87 World Scientific Publishing Co. Pte. Ltd..
    3. Blind, Knut & Edler, Jakob & Frietsch, Rainer & Schmoch, Ulrich, 2006. "Motives to patent: Empirical evidence from Germany," Research Policy, Elsevier, pages 655-672.
    4. Richard C. Levin & Alvin K. Klevorick & Richard R. Nelson & Sidney G. Winter, 1987. "Appropriating the Returns from Industrial Research and Development," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, pages 783-832.
    5. S. Fukuda-Parr, 2003. "Editor's Introduction," Journal of Human Development and Capabilities, Taylor & Francis Journals, pages 323-324.
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    Cited by:

    1. Jorge Luis Juliao Rossi & Fernando Barrios Aguirre & Jana Schmutzler & Iván Darío Sánchez Manchola, 2013. "Relación entre la estrategia de innovación de la firma y su decisión de patentar: evidencia de empresas pertenecientes al sector manufacturero colombiano," ESTUDIOS GERENCIALES, UNIVERSIDAD ICESI.

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    Keywords

    : R&D; patents; knowledge; invent;

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