Balancing patent portfolios and R&amp;D efforts: examining firm performance

Kim, Zhunwoo; Lee, Dukhee; Choi, Kyu-Sun; Kwon, Ohsung

doi:10.1108/md-03-2022-0400

Cited by 5 publications

(3 citation statements)

References 45 publications

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“…R&D expenditure. We included R&D expenditure as a control for firms’ investment in R&D processes and R&D capability, because high investment tends to generate more innovative outcomes (Kim et al. , 2023).…”

Section: Research Settingsmentioning

confidence: 99%

“…Indeed, Forbes reports that 95% of US active patents fail to be licensed or commercialized [2], implying that a large number of patented inventions are not renewed. According to the United States Patent Trademark Office (USPTO), the total renewal fees to maintain a US utility patent are less than $15,000 in total (Khanna et al, 2016), such renewal fees are non-negligible, and renewal decisions are important indicators of patent usefulness (Kim et al, 2023;Kumar and Operti, 2023;Ponta et al, 2021). Thus, recent studies have begun to investigate factors that may influence corporate decisions regarding the renewal of patented inventions (e.g.…”

Section: Introductionmentioning

confidence: 99%

“…According to the United States Patent Trademark Office (USPTO), the total renewal fees to maintain a US utility patent are less than $15,000 in total (Khanna et al. , 2016), such renewal fees are non-negligible, and renewal decisions are important indicators of patent usefulness (Kim et al. , 2023; Kumar and Operti, 2023; Ponta et al.…”

Section: Introductionmentioning

confidence: 99%

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Dual network configurations and invention renewals within the pharmaceutical industry

Hou,

Wang,

Zhang

et al. 2024

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PurposeAlthough research on how the downstream calculations of a patent’s profit potential influence invention renewal decisions is extensive, the impact of the upstream knowledge creation stages is overlooked. The purpose of this study is to address this theoretical vacuum by examining the intra-organizational configuration of knowledge networks and collaboration networks.Design/methodology/approachThe data consist of 491 global pharmaceutical firms that patent in the USA. Drawing on patent records, the authors simultaneously construct intra-organizational knowledge networks and collaboration networks and identify network cohesion features (i.e. local and global). The authors employ panel fixed-effects models to test the hypotheses.FindingsThe results show that local knowledge cohesion and local social cohesion decrease invention renewals, while global knowledge cohesion and global social cohesion increase renewals. Moreover, the marginal effects of local and global social cohesion are stronger than those of local and global knowledge cohesion, respectively.Research limitations/implicationsThe hypotheses are tested using the pharmaceutical industry as a research setting, which limits the generalizability of our findings. In addition, potential formal and informal contingencies are not considered.Practical implicationsDespite its limitations, this study provides valuable implications. First, managers are cautioned against the adverse effects of local cohesion structures on invention renewal. Second, firms can dynamically adjust their local and global network configuration strategies to harmonize the generation of valuable inventions and the retention of good ideas.Originality/valueComplementary to previous research that focused on inventions’ performance feedback, this study delves into upstream knowledge creation stages to understand invention renewals.

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Section: Research Settingsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Dual network configurations and invention renewals within the pharmaceutical industry

Hou,

Wang,

Zhang

et al. 2024

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Effects of technological diversity and core technologies on R&D efficiency

Park,

Yoo

2024

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PurposeThis study investigates the effects of related and unrelated technology diversity on R&D efficiency and how a firm’s unique core technology moderates this relationship. In particular, this study aims to address the research gap in the technological diversity literature by examining whether the effects of related and unrelated technological diversity on R&D efficiency are consistent in the context of R&D-intensive firms.Design/methodology/approachUsing a panel dataset of 516 top R&D investors worldwide from 2012 to 2018, the paper tests hypotheses on how the ambivalence of technological diversity affects R&D efficiency depending on the level of diversity.FindingsUnrelated technological diversity has an inverted U-shaped curve relationship with R&D efficiency, which indicates that there exists an optimal point of unrelated technological diversity. Additionally, core technology plays a contingent role in this relationship by alleviating the volatility of the inverted U-shaped relationship between unrelated technological diversity and R&D efficiency.Originality/valueThis study makes an original contribution to the technological diversity literature by adopting an approach not limited to specific countries or industries, focusing on R&D-intensive contexts. Furthermore, the paper distinguishes the various types of technological diversity, considering that the motivations and strategic objectives underlying technological diversity vary depending on the specific type. This allows researchers to gain a deeper insight into how different types of diversity strategies impact R&D efficiency.

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Dismissing uncertainties about open innovation constraints to organizational agility in emerging markets: is knowledge hiding a perfect storm?

Urresta-Vargas,

Carvajal-Vargas,

Arias-Pérez

2023

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PurposeAs a key driver of organizational agility, open innovation allows for improving time-to-market and complexity, which are the mechanisms that most significantly lower the risk of knowledge expropriation in emerging markets. For this reason, there is concern about the negative impacts of hiding knowledge in the context of inter-organizational collaborative work. Therefore, the research goal is to analyze the moderating effect of the three types of knowledge hiding (playing dumb, evasive hiding and rationalized hiding) on the relationship between open innovation (both inbound and outbound) and agility.Design/methodology/approachThe research model was tested with survey data from a sample of 248 companies located in an emerging country, mostly from sectors of high turbulence in demand and technology.FindingsNone of the three types of knowledge hiding has a negative effect on the relationship between open innovation and agility. Surprisingly, evasive hiding has a positive and significant effect, specifically on the relationship between inbound open innovation and agility.Originality/valueThe study contributes to the discussion on the contradictory influence of knowledge hiding. Although the presence of knowledge hiding in business relationships with their external partners is undeniable, this research makes clear that, when faced with the particular need to be agile, businesses recognize that the benefits of open innovation in terms of time-to-market improvement and complexity outweigh the protectionism underlying hiding. Moreover, the study results suggest evasive hiding is essential for the inbound process to use time effectively and avoid wasting it in discussions that do not promote agility.

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Balancing patent portfolios and R&D efforts: examining firm performance

Cited by 5 publications

References 45 publications

Dual network configurations and invention renewals within the pharmaceutical industry

Dual network configurations and invention renewals within the pharmaceutical industry

Effects of technological diversity and core technologies on R&D efficiency

Dismissing uncertainties about open innovation constraints to organizational agility in emerging markets: is knowledge hiding a perfect storm?

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