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Knowledge Flow Determinants of Patent Value: Evidence from Taiwan and South Korea Biotechnology Patents.
- Source :
- International Journal of Innovation & Technology Management; Jun2015, Vol. 12 Issue 3, p-1, 18p
- Publication Year :
- 2015
-
Abstract
- Patents are important knowledge assets that enable firms to compete successfully and earn returns. To control spending on patent renewal fees, firms carefully analyze the value of their patents to determine whether patent rights need to be maintained, thereby rendering renewal decisions an opportunity to examine patent values. This study incorporates social network analysis and traditional patent indicators to empirically investigate the determinants affecting patent valuation by firms and research institutes in the Taiwanese and South Korean biotechnology industries. Results indicate that firms and research institutes value their patents differently. Certain indicators derived from knowledge flow and traditional patent indicators significantly affect patent value. Based on the findings, this study provides suggestions for policy-making. [ABSTRACT FROM AUTHOR]
- Subjects :
- VALUATION of patents
BIOTECHNOLOGY patents
SOCIAL network analysis
Subjects
Details
- Language :
- English
- ISSN :
- 02198770
- Volume :
- 12
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- International Journal of Innovation & Technology Management
- Publication Type :
- Academic Journal
- Accession number :
- 103030874
- Full Text :
- https://doi.org/10.1142/S0219877015400040