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: Estimates of how the value of patent protection would vary under alternative legal rules and renewal fees, and with estimates of the international flows of returns from the patent system are illustrated.
Abstract: Patent counts are very imperfect measures of innovative output. This paper discusses how additional data-the number of years a patent is renewed and the number of countries in which protection for the same invention is sought--can be used to improve on counts in studies that require a measure of the extent of innovation. Simple weighting schemes are proposed, which may remove half of the noise in patent counts as a measure of innovative output. We describe models of the patent application and renewal processes whose parameter estimates can be used to assess the value of the proprietary rights created by the patent laws. We illustrate their use with estimates of how the value of patent protection would vary under alternative legal rules and renewal fees and with estimates of the international flows of returns from the patent system. Recent progress in the development of databases has increased the potential for this type of analysis.
586 citations
TL;DR: In this paper, the authors pointed out the conceptual distinction between the rates of decay in the physical productivity of traditional capital goods and that of the appropriate revenues accruing to knowledge-producing activities, and noted that it is the latter parameter which is required in any study which constructs a stock of privately marketable knowledge.
Abstract: This paper points out the conceptual distinction between the rates of decay in the physical productivity of traditional capital goods and that of the appropriate revenues accruing to knowledge-producing activities, and notes that it is the latter parameter which is required in any study which constructs a stock of privately marketable knowledge The rate of obsolescence of knowledge is estimated from a simple patent renewal and the estimates are found to be comparable to evidence provided by firms on the lifespan of the output of their R&D activities These estimates, together with mean R&D gestation lags, are then used to correct previous estimates of the private excess rate of return to investment in research We find that after the correction, the private excess rate of return to investment in research, at least in the early 1960's, was close to zero, which may explain why firms reduced the fraction of their resources allocated to research over the subsequent decade
585 citations
TL;DR: In this paper, the authors draw implications for technology policy from evidence on the size distribution of returns from eight sets of data on inventions and innovations attributable to private sector firms and universities.
577 citations
TL;DR: In this article, the authors conclude that there is reason for concern that the present movement towards stronger patent protection may hinder rather than stimulate technological and economic progress, and that strong patent rights are not conducive to economic progress.
576 citations
TL;DR: In this article, the authors studied the extent to which the technology that is being transferred to non-US competitors is leaked out to nonUS competitors, and the size of the benefits it confers on the host (and other nonUS) countries.
Abstract: Although economists and policymakers have devoted considerable attention to the transfer of technology by US-based multinational firms to their overseas subsidiaries, very little is known about the nature of the technology that is being transferred overseas in this way, the extent to which it leaks out to non-US competitors, the size of the benefits it confers on the host (and other non-US) countries, and the sorts of non-US firms that receive the largest benefits of this sort. The findings presented shed new light on each of these topics, but are only a beginning. 18 references, 5 tables.
561 citations