Intellectual property rights business management practices: A survey of the literature
TL;DR: In this paper, a survey of the empirical literature regarding the use and management of Intellectual Property rights (IPRs) is presented, focusing on the US, Canada, EU, Japan and Australia and the protection of IP in specific industry groups.
About: This article is published in Technovation.The article was published on 2006-08-01 and is currently open access. It has received 232 citations till now. The article focuses on the topics: Intellectual property & Valuation (finance).
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TL;DR: Text mining is used to transform patent documents into structured data to identify keyword vectors and principal component analysis is employed to reduce the numbers of keyword vectors to make suitable for use on a two-dimensional map.
386 citations
Cites background from "Intellectual property rights busine..."
...However, as the value of firms, particularly in the knowledge-intensive business service sector, is determined by the value of their intellectual property that can be represented and protected by patents (Hanel, 2006), more firms are trying to protect their service innovations (Bader, 2008)....
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TL;DR: The results showed that topological measures are beneficial in detecting branching innovation in the citation network of scientific publications.
293 citations
Cites background from "Intellectual property rights busine..."
...The intellectual property rights are becoming significant for the management of firms (Hanel, 2006; Storto, 2006; Bader, 2008)....
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TL;DR: In this article, the authors investigate how knowledge-intensive business services (KIBS) protect their inventions from imitation by rival firms when choosing among various protection mechanisms, including patents, registration of design patterns, trademarks, secrecy and lead-time advantages over competitors.
222 citations
TL;DR: This article examined the pattern of international collaboration across countries in inventive activities using the information about inventors and assignees as defined by the United States Patent and Trademark Office (USPTO).
133 citations
TL;DR: In this article, the authors propose a specific model of analysis, which includes various hypotheses to be tested in a sample of 258 Spanish manufacturing companies, and confirm that companies that mostly use explicit knowledge chose the patenting system as a defence mechanism, while those companies in which tacit type knowledge predominates tend to opt for industrial secret.
117 citations
Cites background or result from "Intellectual property rights busine..."
...used by Spanish manufacturing companies, confirming the results obtained in the research of Harabi (1995) and Brouwer and Kleinknecht (1999)....
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...of appropriating economic benefits from appropriation (Hanel, 2006)....
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...In this sense, patents are increasingly perceived in many industrial sectors as being a rather ineffectual means of appropriating economic benefits from appropriation (Hanel, 2006)....
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References
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TL;DR: In this paper, the effects of membership in intellectual property treaties is investigated in the context of U.S. exports, foreign affiliate sales, and flows of royalties and license fees, and it is shown that membership in IP treaties increases the flows of payments and receipts for intellectual property as long as domestic patent protection is sufficiently strong.
Abstract: The Effect of Intellectual Property Rights on International Trade and Investment. — The widespread debate regarding extended recognition of intellectual property rights across borders has not been matched by empirical investigation regarding the effect of such international recognition of intellectual property as exists in the status quo. In this paper, the effects of membership in intellectual property treaties is investigated in the context of U.S. exports, foreign affiliate sales, and flows of royalties and license fees. Membership in intellectual property treaties increases the flows of payments and receipts for intellectual property as long as domestic patent protection is sufficiently strong. U.S. parents export more to subsidiaries in countries which do not adhere to such treaties, but their impact on arms’-length exports and foreign investment is minimal.
226 citations
Book•
21 Mar 1989
TL;DR: The most important assets accounting and tax issues The Nature of Intangible Assets and Intellectual Property Intangible assets and the Business Enterprise Valuation Principles and Techniques Market and Cost Approaches Capitalization of Economic Contribution Economic Contributions of Intellectual Property Classic Challenges Capitalisation of Income Economic Life Licensing, Royalty Rates, and Valuation Special Valuation Situations Investigations and Reports Appendices Index.
Abstract: The Most Important Assets Accounting and Tax Issues The Nature of Intangible Assets and Intellectual Property Intangible Assets and the Business Enterprise Valuation Principles and Techniques Market and Cost Approaches Capitalization of Economic Contribution Economic Contributions of Intellectual Property Classic Challenges Capitalization of Income Economic Life Licensing, Royalty Rates, and Valuation Special Valuation Situations Investigations and Reports Appendices Index.
225 citations
TL;DR: In this paper, the authors investigate how R&D and intellectual property activity influences the market value of firms, using a Tobin's q approach, and find that patent activity is positively and significantly associated with market value.
Abstract: This paper considers the value of innovation to large Australian firms. Specifically, we investigate how R&D and intellectual property activity influences the market value of firms, using a Tobin’s q approach. R&D data are available for the period 1994–96 and data on patent, trade mark and design applications for 1996. The findings suggest that R&D and patent activity are positively and significantly associated with market value. The results also suggest that private returns to R&D in Australia are low by international standards.
220 citations
TL;DR: In this article, an approach to the economics of trade secret law that connects it more closely both to other areas of intellectual property and to broader issues in the positive economic theory of the common law is presented.
Abstract: Despite the practical importance of trade secrets to the business community, the law of trade secrets is a neglected orphan in economic analysis. This paper sketches an approach to the economics of trade secret law that connects it more closely both to other areas of intellectual property and to broader issues in the positive economic theory of the common law.
218 citations
Posted Content•
TL;DR: In this paper, the authors examined firm responses to the Japanese patent reforms of 1988 and found that the average response in terms of additional R&D effort and innovative output was quite modest.
Abstract: Does an expansion of patent scope induce more innovative effort by firms? This article provides evidence on this question by examining firm responses to the Japanese patent reforms of 1988. Interviews with practitioners suggest the reforms significantly expanded the scope of patent rights in Japan, but that the average response in terms of additional R&D effort and innovative output was quite modest. Interviews also suggest that firm organizational structure is an important determinant of the level of response. Econometric analysis using Japanese and U.S. patent data on 307 Japanese firms confirms that the magnitude of the response is quite small.
212 citations