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]

Why do some patents get licensed while others do not?

McCarthy I.
2017

Abstract

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.
File in questo prodotto:
File Dimensione Formato  
ICC.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: DRM non definito
Dimensione 313.49 kB
Formato Adobe PDF
313.49 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

Caricamento pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11385/188508
Citazioni
  • Scopus 23
  • ???jsp.display-item.citation.isi??? 19
social impact