I finished my thesis in the area of patent strategy a few months ago and I will be posting revised and extended sections of it on this blog over the next month or so as I prepare it for publication. My research focused on the economic and business management side of IP, specifically related to small firms and their ability to positively influence their future patent portfolio value.
My interests were rooted in wanting to understand the business and economic drivers of IP in order to ensure more legal based successes in business practice.Value can be measured in many different ways but I opted to use a relative "internal" value, using patent citation counts as the proxy for value. This is heavily used in research with academic IP focused Economic authors such as Manual Trajtenberg (Tel-Aviv University), Adam Jaffe (Brandeis University) and Bronwyn Hall (UC Berkeley).
Title: Strategic Patenting Decisions and their Influence on Firm Patent Valuation
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. Six indicators were modeled with two of them, provisional basis and priority claim, not explicitly investigated in previous research.
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.
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.
I am working on a rewrite for publication , so any comments you have on the topic would be appreciated as they may influence my publication submission rewrite. In the mean time if you would like a copy for peer review, please let me know via email and I will send one your way.