The Logical Philosopher

Sunday, November 06, 2005

Strategic Patenting Decisions and their Influence on Firm Patent Valuation

I'm supposed to convocate next week which means two things:

  1. I get to start thinking about my next degree.
  2. I can tick something semi-monumental off my 43 things listing.
My favorite part of the program was, belive it or not, my thesis research. Most people told me that when I got sick of my topic I would wrap it up and graduate. That never happend, rather my family & friends got sick of me taking so long to finish the program I had to wrap it up. That, combined with the promise that if I finished it on-time I could do a guilt-free race at Ironman Canada this year. If you want to know how that went, you'll have to ask...

For those interested, here's my abstract. Happy reading. If you want a full copy to read, you'll have to convice me that it really interestes you. If not, I do say, you are missing out...

Title: Strategic Patenting Decisions and their Influence on Firm Patent Valuation

ABSTRACT


The economic rents associated with patent portfolios are highly skewed with only a small portion having value. This leads researchers and industry to ask what early strategic patenting decisions around the patent itself will impact the future value of the patent, specifically within the context of small firms. To address this question the paper modeled these ex-ante strategic patenting decisions by using a common measurement of forward citations as a proxy for patent value. The six indicators of family size, breadth, claim count, jurisdiction count, provisional basis and priority claim were modeled using a sample of 386 patents granted in the Mechanical and Electrical field. A focus on the small firm as well as the two strategic patent decision indicators provisional basis and priority claim are areas that have not been explicitly investigated in previous research. Controlling for industry and firm patenting experience resulted in differences of predictors between small and large firms, with a higher likelihood of strategic patenting decisions influencing small firms over large firms. A stronger relationship was found for small firms with indicators of breadth and priority claims, as compared to a weaker relationship of only claim counts for large firms. Research also indicated that from a small firm management perspective the most potential valuable patent is one that covers a broad scope of technology is a new filing and does not claim priority to other applications.

Interestingly one of the questions that my advisor asked was "Does this make you want to do your PhD?". "Why yes, of course" was my quick reply. Onwards and upwards I say.

So, any ideas for the next degree? Business (PhD), Law (LLM) or Econimics (MA) all tie into the basis of my research interests- HOW and WHY does business I am doing work and what else can I do to be successful? The root is understanding both the content and context of decisions and their impacts.

Any suggestions on where to go next?

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