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Academic Inventors, Technological Profiles and Patent Value: An Analysis of Academic Patents owned by Swedish-based firms

Journal article
Authors Daniel Ljungberg
Evangelos Bourelos
Maureen McKelvey
Published in Industry and Innovation
Volume 20
Issue 5
Pages 437-487
ISSN 1366-2716
Publication year 2013
Published at Department of Economy and Society, Innovation and Entrepreneurship (IIE)
Pages 437-487
Language en
Links dx.doi.org/10.1080/13662716.2013.82...
Keywords Academic patenting, Patent value, Technological profiles
Subject categories Economics and Business, Economics, Econometrics, Business Administration

Abstract

This paper analyzes the relationship between academic inventors and firms, focusing on the relation between academic inventors, the technological profiles of firms and patent value. In particular, this paper focuses on the value of academic patents as compared to non-academic patents, owned by large firms based in Sweden. One finding is that academic patents have a short-term disadvantage, which disappears in the long-term. Our results also indicate that controlling for whether the patent belongs to a core or non-core technology relative to the firm’s technological profile neutralizes the premium of non-academic patents. In other words, patents belonging to firms’ core technologies have significantly higher value, regardless of whether they are academic or non-academic patents. The above results indicate that the technological profile of firms is an important characteristic to analyze, when examining the value of academic patents and the specific role that academics play in industrial invention.

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