Advanced SearchSearch Tips
Patented Knowledge And Its Commercialization
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
Patented Knowledge And Its Commercialization
Jeong, Eui Kyo;
  PDF(new window)
We examine whether the attributes of patented knowledge have any impact on its chances of commercialization. It has been hypothesized that the scope and cumulativeness of patented knowledge would positively affect the likelihood of its commercialization. The hypotheses were tested using patents data on the US biotechnology and pharmaceutical industries. We found support for the prediction that the scope of patented knowledge increases the likelihood of commercialization, but we didn't find support for the cumulativeness aspect. These findings have important implications for firms that develop patentable knowledge, license-out patents, license-in patents from external sources, or debate about patenting strategy.
Patented Knowledge;Commercialization;and Scope of Patents;
 Cited by
W. B. Arthur, The nature of technology: What it is and how it evolves. Free Press, New York, 2009.

D. Foray, Economics of knowledge.: MIT Press, Cambridge, Mass., 2004.

R. Ng, Drugs : From discovery to approval. Wiley-Liss, Hoboken, N.J., 2004.

T. L. Wherry, Patent searching for librarians and inventors. American Library Association, Chicago, 1995.

G. Ahuja, and C. M. Lampert, "Entrepreneurship in the large corporation: A longitudinal study of how established firms create breakthrough inventions." Strategic Management Journal, vol. 22, no. 6-7, 2001, pp. 521-543. crossref(new window)

P. Almeida, and B. Kogut, "Localization of knowledge and the mobility of engineers in regional networks." Management Science, vol. 45, no. 7, 1999, pp. 905-917. crossref(new window)

A. Arundel, and I. Kabla, "What percentage of innovations are patented? empirical estimates for European firms." Research Policy, vol. 27, no. 2, 1999, pp. 127-141.

M. Ceccagnoli, "Appropriability, Preemption, and Firm Performance." Strategic Management Journal, vol. 30, no. 1, 2009, pp. 81-98. crossref(new window)

W. M. Cohen, and D. A. Levinthal, "Absorptive Capacity: A New Perspective on Learning and Innovation." Administrative Science Quarterly, vol. 35, no. 1, 1990, pp. 128-152. crossref(new window)

D. M. DeCarolis, and D. L. Deeds, "The impact of stocks and flows of organizational knowledge on firm performance: An empirical investigation of the biotechnology industry." Strategic Management Journal, vol. 20, no. 10, 1999, pp. 953-968. crossref(new window)

C. Dhanaraj, M. A. Lyles, H. K. Steensma, and L. Tihanyi, "Managing tacit and explicit knowledge transfer in lJVs: the role of relational embeddedness and the impact on performance." Journal of International Business Studies, vol. 35, no. 5, 2004, pp. 428-442. crossref(new window)

D. Dranove, and D. Meltzer, "Do important drugs reach the market sooner?" RAND Journal of Economics, vol. 25, no. 3, 1994, pp. 402-423. crossref(new window)

R. Gilbert, and C. Shapiro, "Optimal patent length and breadth." RAND Journal of Economics, vol. 21, no. 1, 1990, pp. 106-112. crossref(new window)

B. Gomes-Casseres, J. Hagedoorn, and A. B. Jaffe, "Do alliances promote knowledge flows?" Journal of Financial Economics, vol. 80, no. 1, 2006, pp. 5-33. crossref(new window)

B. H. Hall, A. Jaffe, and M. Trajtenberg, "Market value and patent citations." Rand Journal of Economics, vol. 36, no. 1, 2005, pp. 16-38.

B. H. Hall, A. B. Jaffe, and M. Trajtenberg, "The NBER patent citations data file: Lessons, insights and methodological tools." NBER Working Paper Series, No. 8498, 2001.

B. H. Hall, and R. H. Ziedonis, "The patent paradox revisited: an empirical study of patenting in the US semiconductor industry, 1979-1995." Rand Journal of Economics, vol. 32, no. 1, 2001, pp. 101-128. crossref(new window)

M. T. Hansen, "The search-transfer problem: The role of weak ties in sharing knowledge across organization subunits." Administrative Science Quarterly, vol. 44, no, 1, 1999, pp. 82-111. crossref(new window)

M. T. Hansen, M. L. Mors, and B. Lovas, "Knowledge sharing in organizations: Multiple networks, multiple phases." Academy of Management Journal, vol. 48, no. 5, 2005, pp. 776-793. crossref(new window)

D. Harhoff, "Strategic spillovers and incentives for research and development." Management Science, vol. 42, no. 6, 1996, pp. 907-925. crossref(new window)

D. Harhoff, F. Narin, F. M. Scherer, and K. Vopel, "Citation frequency and the value of patented inventions." Review of Economics and Statistics, vol. 81, no. 3, 1999, pp. 511-515. crossref(new window)

G. Hoetker, and R. Agarwal, "Death hurts, but it isn't fatal: The postexit diffusion of knowledge created by innovative companies." Academy of Management Journal, vol. 50, no. 2, 2007, pp. 446-467. crossref(new window)

A. B. Jaffe, "Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits, and Market Values." American Economic Review, vol. 76, no. 5, 1986, pp. 984-1001.

A. B. Jaffe, "Demand and supply influence in R&D intensity and productivity growth." Review of Economics & Statistics, vol. 70, no. 3, 1988, pp. 431-437.. crossref(new window)

A. B. Jaffe, M. Trajtenberg, and M. S. Fogarty, "Knowledge spillovers and patent citations: Evidence from a survey of inventors." American Economic Review, vol. 90, no. 2, 2000, pp. 215-218. crossref(new window)

A. B. Jaffe, M. Trajtenberg, and R. Henderson, "Geographic localization of knowledge spillovers as evidenced by patent citations." Quarterly Journal of Economics, vol. 108, no. 3, 1993, pp. 577-598. crossref(new window)

P. Klemperer, "How broad should the scope of patent protection be?" RAND Journal of Economics, vol. 21, no. 1, 1990, pp. 113-130. crossref(new window)

P. J. Lane, J. E. Salk, and M. A. Lyles, "Absorptive capacity, learning, and performance in international joint ventures." Strategic Management Journal, vol. 22, no. 12, 2001, pp. 1139-1161. crossref(new window)

J. O. Lanjouw, and M. Schankerman, "Characteristics of patent litigation: a window on competition." RAND Journal of Economics, vol. 32, no. 1, 2001, pp. 129-151. crossref(new window)

J. Lerner, "The importance of patent scope: An empirical analysis." RAND Journal of Economics, vol. 25, no. 2, 1994, pp. 319-333. crossref(new window)

J. G. March, "Exploration and exploitation in organizational learning." Organization Science, vol. 2, no.1, 1991, pp. 71-87. crossref(new window)

S. F. Matusik, "An empirical investigation of firm public and private knowledge." Strategic Management Journal, vol. 23, no. 5, 2002, pp. 457-467. crossref(new window)

R. G. McGrath, and A. Nerkar, "Real options reasoning and a new look at the R&D investment strategies of pharmaceutical firms." Strategic Management Journal, vol. 25, no.1, 2004, pp. 1-21. crossref(new window)

D. C. Mowery, J. E. Oxley, and B. S. Silverman, "Strategic alliances and interfirm knowledge transfer." Strategic Management Journal, vol. 17, Winter Special Issue, 1996, pp. 77-91. crossref(new window)

A. Nerkar, and P. W. Roberts, "Technological and product-market experience and the new product introductions in the pharmaceutical industry." Strategic Management Journal, vol. 25, no. 8/9, 2004, pp. 779-799. crossref(new window)

A. Nerkar, and S. Shane, "Determinants of invention commercialization: An empirical examination of academically sourced inventions." Strategic Management Journal, vol. 28, no. 11, 2007, pp. 1155-1166. crossref(new window)

M. Reitzig, "What determines patent value?: Insights from the semiconductor industry." Research Policy, 32(1), 2003, pp. 13-26. crossref(new window)

L. Rosenkopf, and P. Almeida, "Overcoming local search through alliances and mobility." Management Science, vol. 49, no. 6, 2003, pp. 751-766. crossref(new window)

M. A. Schilling, and C. C. Phelps, "Interfirm collaboration networks: The impact of large-scale network structure on firm innovation." Management Science, vol. 53, no. 7, 2007, pp. 1113-1126. crossref(new window)

G. Szulanski, "Exploring internal stickiness: Impediments to the transfer of best practice within the firm." Strategic Management Journal, vol. 17, 1996, pp. 27-43. crossref(new window)

M. Trajtenberg, R. Henderson, and A. Jaffe, "University versus corporate patents: A window of the basicness of invention." Economics of Innovation & New Technology, vol. 5, no. 1, 1997, pp. 19-50. crossref(new window)

E. von Hippel, "Economics of product development by users: The impact of "sticky" local information." Management Science, vol. 44, no. 5, 1998, pp. 629-644. crossref(new window)

R. H. Ziedonis, "Don't fence me in: Fragmented markets for technology and the patent acquisition strategies of firms." Management Science, vol. 50, no. 6, 2004, pp. 804-820. crossref(new window)