To understand why some patents get licensed and others do not, we estimate a portfolio of firm- and patent-level determinants for why a particular licensor's patent was licensed over all technologically similar patents held by other licensors. Using data for licensed biopharmaceutical patents, we build a set of alternate patents that could have been licensed-in using topic modeling techniques. This provides a more sophisticated way of controlling for patent characteristics and analyzing the attractiveness of a licensor and the characteristics of the patent itself. We find that patents owned by licensors with technological prestige, experience at licensing, and combined technological depth and breadth have a greater chance at being chosen by licensees. This suggests that a licensor's standing and organizational learning rather than the quality of its patent alone influence the success of outward licensing.
Why do some patents get licensed while others do not? / Ruckman, K.; Mccarthy, I.. - In: INDUSTRIAL AND CORPORATE CHANGE. - ISSN 1464-3650. - 26:4(2017), pp. 667-688. [10.1093/icc/dtw046]
Titolo: | Why do some patents get licensed while others do not? | |
Autori: | ||
Data di pubblicazione: | 2017 | |
Rivista: | ||
Citazione: | Why do some patents get licensed while others do not? / Ruckman, K.; Mccarthy, I.. - In: INDUSTRIAL AND CORPORATE CHANGE. - ISSN 1464-3650. - 26:4(2017), pp. 667-688. [10.1093/icc/dtw046] | |
Handle: | http://hdl.handle.net/11385/188508 | |
Appare nelle tipologie: | 01.1 - Articolo su rivista (Article) |
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