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 article, the authors discuss the economic implications of the European Database Directive and related legislative proposals (H.R. 3125, H. R. 354 and H.R 1858) in the US.
Abstract: Radical legal innovations in intellectual property protection have been introduced by the little noticed European Database Directive of March 1996. This initiative, part of the larger institutional transformations initiated in response to the economic ramifications of rapid progress in digital information technologies, poses numerous contentious issues in law and economics. These are likely to create ambiguities for business and non-profit activities in this area for years to come, and the terms on which those issues are resolved will materially affect the costs and organizational feasibility of scientific projects that are of global reach and significance. This is the case especially in fields such as geology, oceanography and climatology, which depend heavily upon the collection, management and analysis of large volumes of observational data that cannot be regenerated. More generally the conduct of open, collaborative science - along with many of the benefits that flow from it for the developed and the developing economies alike - may be seriously jeopardized by the consequences of the new database protections. This raises the spectre of a new and different ragedy of the commons,"" one created by continuing the unbalanced pressure to extract greater economic rents by means of controlling access to information. ""Over-fencing,"" which is to say, the erection of artificial cost barriers to the production of reliable public knowledge by means of reliable public knowledge, threatens the future of ""the public knowledge commons"" that historically has proved critically important for rapid advance in science and technology. The paper sets out the economic case for the effectiveness of open, collaborative research, and the forces behind the recent, countervailing rush to strengthen and expand the scope of intellectual property rights protection. Focusing upon innovations in copyright law and the sui generis protection of hitherto unprotected content, it documents the genesis and analyzes the economic implications of the EC''s Database Directive, and related legislative proposals (H.R. 3125, H.R. 354 and H.R. 1858) in the US. The discussion concludes by advancing a number of modest remedial proposals that are intended to promote greater efforts to arrive at satisfactory policy solutions for this aspect of ""the digital dilemma."" "
41 citations
41 citations
TL;DR: The role of the individual inventor as innovator and entrepreneur is discussed in this paper, where a survey conducted by mail in the summer of 1986 elicited responses from 374 inventors to whom Canada had issued 352 patents.
39 citations
Book•
01 Jan 2002
TL;DR: Berman et al. as discussed by the authors discussed the importance of patent protection in the context of M&A transactions and highlighted the need to align patent rights with business strategy. But they did not discuss the legal aspects of patent applications.
Abstract: Foreword - John B. Jones, Jr. Managing. Director, Salomon Smith Barney. Introduction -- New Foundations, New Frontiers - Bruce Berman. Part I - IDENTIFYING AND UNDERSTANDING INTELLECTUAL PROPERTY. Intellectual Property "101" - What Executives and Investors Need to Know about Patent Rights & Strategy (H. Jackson Knight, DuPont). How to "Read" a Patent - Understanding the Language of Proprietary Rights (Walter G. Hanchuk, Morgan & Finnegan). Capturing Innovation: Turning Intellectual Assets Into Business Assets (Jeffrey L. Brandt, former senior IP advisor at Priceline.com, IBM, GE). Clarifying Intellectual Property Rights for the New Economy (Margaret Blair, Professor, Georgetown University, Gary Hoffman, Dickstein Shapiro). Part II - EXPLOITING INTELLECTUAL PROPERTY Managing IP Financial Assets: Principles from the Securities Markets (Alexander K. Arrow, MD, CFA, The Patent & Licensing Exchange). The Process Laboratory: Developing Business-Driven Patents in the Information Age (James Jorasch, Director of Research, Walker Digital). Venture Investment Grounded in Intellectual Capital: Taking Patents to the Bank (James Malackowski & David Wakefield, VIGIC Services). From Tech Transfer to Joint Ventures: Building a Business Model for Academic Research (Columbia University licensing division founder Jack Granowitz is interviewed by Bruce Berman). Making Innovation Pay: Aligning Patent Rights with Business Strategy (Stephen P. Fox, Director of IP, & Guy J. Kelley, Hewlett Packard). Patent "Brands": Positioning IP for Shareholder Value (Bruce Berman, Brody Berman Associates & James D. Woods, Deloitte & Touche). New Economy Innovations an "Old Economy" Giant: How Procter & Gamble is Maximizing the Hidden Value of its Intellectual Property to Redefine Competitive Advantage (Jeffrey D. Weedman, VP External Business Development, Procter & Gamble). Part III - MEASURING INTELLECTUAL PROPERTY PERFORMANCE Measuring Intellectual Property Portfolio Performance (Walter Bratic, Vice Chairman and Managing Director, InteCap, Inc., Brent Bersin & Paul Benson) IP Leverage: Facilitating Corporate Value Creation (Russell L. Parr, Intellectual Property Research Associates). Using Patent Indicators to Predict Stock Portfolio Performance (Francis Narin, Patrick Thomas and Anthony Breitzman, CHI Research) Patenting Activity as an Indicator of Revenue Growth: Five Industries (Darlene Slaughter, IFI CLAIMS) The Economics of Patent Litigation (Samson Vermont, Hunton & Williams) Avoiding Transaction Peril: Value-Based IP Due Diligence (Mark Haller, Partner, Financial Advisory Services, PricewaterhouseCoopers, Edward Gold & Brian Blonder) Leveraging Brand to Generate Value (Jeffrey Parkhurst, Director of Brand Valuation, Interbrand, Inc.) Part IV - INTELLECTUAL PROPERTY TRANSACTIONS AND FINANCE The Basics of Financing Intellectual Property Royalties (Joseph A. Agiato, Licent Capital) Credit Analysis of Intellectual Property Securitization: A Rating Agency Perspective (Jay H. Eisbruck, SVP, Moody's Investor Service Asset Backed Finance Group) Asset-Backed IP Financing-Strategies for Capitalizing on Future Returns (Douglas R. Elliott, TEQ Development). New Patent Issue: BioPharma Royalty Trust (Bernhard H. Fischer, Director of Structured Finance Ratings Group, Standard & Poor's) The Relevance of IP Analysis in Technology-Driven M&A Transactions (R. Russ O'Haver, Partner, Intangible Property Practice for Corporate Finance, Ernst & Young). Patents on Wall Street: Investment Banking Meets Intellectual Property (Christopher R. Fine & Donald C. Palmer, High Technology Investment Banking Group, Goldman Sachs). Creating Tomorrow: IP and the Future of Business (Ian Harvey, CEO, BTG plc). IP Glossary Data Bank - Top Patentees 5-Year Patent Grants for Key Industries & Top Companies in Key Industries Top Damages Awards, Licenses & Transactions - 1980-2001 Average R&D Cost for Patents Issue to Key Industries & Companies in 2000 IBM IP Royalty Income as a % of Net Income: 1988-2002 Licensing Revenue: Universities & Research Institutions Patent Strength Profiles: Merck & Pfizer IP Value Trends 2001 Completed IP-backed Securitizations100 Most Valuable Brands (& their patent counts) Companies with Highest Market Capitalization + Ten Year PatentTotals. Further Reading - 17 Important IP Books. Web Sites & Links (Annotated) - 40 Useful Locations.
36 citations
Book•
01 Dec 1996
36 citations