The Drivers of Patent Transactions: Corporate Views on the Market for Patents

Caviggioli, Federico; Ughetto, Elisa

doi:10.2139/ssrn.2144107

Cited by 3 publications

(4 citation statements)

References 45 publications

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“…There has been evidence in the literature stating that patents, which are essential to a standard, have a higher number of forward citations (Rysman and Simcoe, 2008;Layne-Farrar and Padilla, 2011). In our sample, however, we find that patent forward citations are correlated with neither formal nor informal declarations, similar to the results of Berger et al (2012) and Caviggioli et al (2013). An explanation for the negative coefficient in the case of the forward This explanation is somewhat backed by the result that the coefficient becomes insignificant when replacing the forward citations variable by its 1-year lagged version.…”

Section: Model Outcomesupporting

confidence: 66%

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Standard essential patents to boost financial returns

2015

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Numerous innovative applications build upon standardized technologies. These technologies increasingly incorporate standard essential patents (SEPs). It is crucial to own SEPs in order to achieve and maintain significant market shares. We test the influence of owning SEPs on a firm's financial performance. In our analysis, we use a unique dataset of firms participating in international standard setting organizations (SSOs). Our results indicate a curvilinear (inverse U-shaped) relationship of owning SEPs on a firm's return on assets. The curvilinear relationship suggests that firms should balance their patent portfolio by holding a share of patents, which are essential for standards, and by holding a share of patents on technologies that are not standardized. Our results further show that the effects of owning SEPs depend on the specific SSO as well as on the size of the patent portfolio. Our findings are a first step toward identifying and assessing the financial impact of patents essential to standards. Our empirical tests suggest that companies should pursue a common strategy for patenting and standardization to exploit patented inventions in technology fields where standards matter

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Section: Model Outcomesupporting

confidence: 66%

“…Bekkers et al (2002) provide evidence that a company's position in a particular network market strongly depends on the number of SEPs. Berger et al (2012) as well as Caviggioli et al (2013) identify strategic patent filing behavior of standard setting firms when declaring patents as standard essential.…”

Section: Sepsmentioning

confidence: 99%

Standard essential patents to boost financial returns

2015

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“…They distinguish among non-technological, technological, and partly-technological acquisitions in order to investigate on their impact on the innovation output of acquiring firms. Caviggioli and Ughetto, (2013) analyze the main drivers of patent licensing and sales, and the impacts of marketplaces and brokers on patent transactions. Specific studies on the relationship among patent age and selling price have been conducted (Vimalnath et al, 2017), but they are still limited, too (Kim & Lee, 2019).…”

Section: Literature Review and Motivationmentioning

confidence: 99%

“…Specific studies on the relationship among patent age and selling price have been conducted (Vimalnath et al, 2017), but they are still limited, too (Kim & Lee, 2019). A higher, but still limited, quota of studies is focused on patent auctions (Caviggioli & Ughetto, 2013;Fischer & Leidinger, 2014;Odasso et al, 2015;Piirainen, Andersen & Andersen, 2013;Sneed & Johnson, 2009;Sreekumaran Nair et al, 2011;Vimalnath et al, 2017) and reassignments (Caviggioli et al, 2017;Drivas & Economidou, 2015;Figueroa & Serrano, 2013;Galasso et al, 2013;Serrano, 2010). In detail, only Drivas and Economidou, (2015) investigate on the geographic aspects related to knowledge flows, but they focus on cross-organizational patent acquisitions within the U.S. only.…”

Section: Literature Review and Motivationmentioning

confidence: 99%

Cross-country learning from patents: an analysis of citations flows in innovation trajectories

et al. 2021

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This study proposes a methodological approach to investigate cross-country creativity/knowledge flows by analyzing patent citation networks, taking the aircraft, aviation and cosmonautics (AAC) industry as a case study. It aims at shedding some light on the following research questions: (a) how cross-country creative/learning flows can be investigated; (b) have countries of current patent owners benefited from patent acquisitions. In fact, despite the well-established economic interest for (analyzing and forecasting) innovation trajectories, this research area is still unexplored, thus, motivating the need for such study. Over 43,000,000 patents have been analyzed whereby: (a) owners have performed cross-country patent acquisitions; (b) acquired patents (granted within 2005–2009) are cited by subsequent patents (2010–2015). Methodology and results are scalable to other industries and can be exploited by managers and policy makers to: (a) help firms forecasting innovation trajectories; (b) support governments in designing/implementing measures nurturing patented innovations in industries deemed relevant to national interest.

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Differences in the patent management in Brazilian companies with and without plants abroad

Pereira¹,

Vasconcellos²

2014

RAUSP

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Diferenças na gestão de patentes em empresas brasileiras com e sem plantas no exteriorNeste artigo, são comparados os procedimentos de gestão de patentes em empresas brasileiras locais (que só possuem plantas no Brasil) com aqueles de empresas brasileiras internacionais (que possuem plantas em pelo menos dois países). Embora haja muitas mais variáveis a considerar quando se examina a questão das patentes nas empresas, aqui são apresentados e analisados os resultados de uma pesquisa qualitativa quanto à decisão de patentear as inovações, à escolha dos países onde patentear e ao significado estratégico das patentes para a empresa.Palavras-chave: patentes, estratégia, internacionalização de empresas, gerenciamento de patentes.

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The Drivers of Patent Transactions: Corporate Views on the Market for Patents

Cited by 3 publications

References 45 publications

Standard essential patents to boost financial returns

Standard essential patents to boost financial returns

Cross-country learning from patents: an analysis of citations flows in innovation trajectories

Differences in the patent management in Brazilian companies with and without plants abroad

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