Patent management by universities: evidence from Italian academic inventions

Abstract Over the past 20 years, European universities have increased their propensity to retain title of their faculty’s inventions, but evidence on the value of such patents is at best mixed. Based on a longitudinal sample of Italian academic patents (patents over faculty’s inventions), assigned e...

Full description

Saved in:
Bibliographic Details
Published in:Industrial and corporate change 2019-04, Vol.28 (2), p.309-330
Main Authors: Sterzi, Valerio, Pezzoni, Michele, Lissoni, Francesco
Format: Article
Language:English
Subjects:
Quantitative Finance
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by cdi_FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63
cites cdi_FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63
container_end_page 330
container_issue 2
container_start_page 309
container_title Industrial and corporate change
container_volume 28
creator Sterzi, Valerio
Pezzoni, Michele
Lissoni, Francesco
description Abstract Over the past 20 years, European universities have increased their propensity to retain title of their faculty’s inventions, but evidence on the value of such patents is at best mixed. Based on a longitudinal sample of Italian academic patents (patents over faculty’s inventions), assigned either to universities or firms, we find that the lower value of university-owned patents, versus firm-owned ones, is owing to lower Technological Importance of the inventions and less effective Exploitation of the related patents. Lack of experience in managing patented inventions explains our results for Technological Importance, but not for Exploitation. Both are unrelated to the presence of a technology transfer office. Our study suggests caution in pushing universities to expand their patent portfolios and in using university-owned patents as indicators of technology-transfer activities.
doi_str_mv 10.1093/icc/dty070
format article
fullrecord <record><control><sourceid>oup_hal_p</sourceid><recordid>TN_cdi_hal_primary_oai_HAL_hal_02271326v1</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><oup_id>10.1093/icc/dty070</oup_id><sourcerecordid>10.1093/icc/dty070</sourcerecordid><originalsourceid>FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63</originalsourceid><addsrcrecordid>eNp9kEFLwzAYhoMoOKcXf0EuHhTqvjRp0ngbY7pBQQ96Ll_TRCNrOpqusH9vR8Wjp-_l43nfw0PILYNHBpovvDGLuj-CgjMyY0KKhMsMzskMtIRECs0uyVWM3wCQgspnpHjD3oaeNhjw0zanWB3pIfjBdtH33sYnagdf22AsdV3b0G2PO4-BosHaNt5QH4ax5tsQr8mFw120N793Tj6e1--rTVK8vmxXyyIxPM_6JFNaa8ZqJ7PauFQipKJWnEOdM64NOMgdirzKra3QOAVVrnkmUiEyValK8jm5n3a_cFfuO99gdyxb9OVmWZSnH6SpYjyVAxvZh4k1XRtjZ91fgUF5claOzsrJ2QjfTXB72P_H_QDGeGyW</addsrcrecordid><sourcetype>Open Access Repository</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype></control><display><type>article</type><title>Patent management by universities: evidence from Italian academic inventions</title><source>EconLit s plnými texty</source><source>Access via Business Source (EBSCOhost)</source><source>Oxford Journals Online</source><creator>Sterzi, Valerio ; Pezzoni, Michele ; Lissoni, Francesco</creator><creatorcontrib>Sterzi, Valerio ; Pezzoni, Michele ; Lissoni, Francesco</creatorcontrib><description>Abstract Over the past 20 years, European universities have increased their propensity to retain title of their faculty’s inventions, but evidence on the value of such patents is at best mixed. Based on a longitudinal sample of Italian academic patents (patents over faculty’s inventions), assigned either to universities or firms, we find that the lower value of university-owned patents, versus firm-owned ones, is owing to lower Technological Importance of the inventions and less effective Exploitation of the related patents. Lack of experience in managing patented inventions explains our results for Technological Importance, but not for Exploitation. Both are unrelated to the presence of a technology transfer office. Our study suggests caution in pushing universities to expand their patent portfolios and in using university-owned patents as indicators of technology-transfer activities.</description><identifier>ISSN: 0960-6491</identifier><identifier>EISSN: 1464-3650</identifier><identifier>DOI: 10.1093/icc/dty070</identifier><language>eng</language><publisher>Oxford University Press</publisher><subject>Quantitative Finance</subject><ispartof>Industrial and corporate change, 2019-04, Vol.28 (2), p.309-330</ispartof><rights>The Author(s) 2019. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved. 2019</rights><rights>Distributed under a Creative Commons Attribution 4.0 International License</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63</citedby><cites>FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>230,314,780,784,885,27924,27925</link.rule.ids><backlink>$$Uhttps://hal.science/hal-02271326$$DView record in HAL$$Hfree_for_read</backlink></links><search><creatorcontrib>Sterzi, Valerio</creatorcontrib><creatorcontrib>Pezzoni, Michele</creatorcontrib><creatorcontrib>Lissoni, Francesco</creatorcontrib><title>Patent management by universities: evidence from Italian academic inventions</title><title>Industrial and corporate change</title><description>Abstract Over the past 20 years, European universities have increased their propensity to retain title of their faculty’s inventions, but evidence on the value of such patents is at best mixed. Based on a longitudinal sample of Italian academic patents (patents over faculty’s inventions), assigned either to universities or firms, we find that the lower value of university-owned patents, versus firm-owned ones, is owing to lower Technological Importance of the inventions and less effective Exploitation of the related patents. Lack of experience in managing patented inventions explains our results for Technological Importance, but not for Exploitation. Both are unrelated to the presence of a technology transfer office. Our study suggests caution in pushing universities to expand their patent portfolios and in using university-owned patents as indicators of technology-transfer activities.</description><subject>Quantitative Finance</subject><issn>0960-6491</issn><issn>1464-3650</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><recordid>eNp9kEFLwzAYhoMoOKcXf0EuHhTqvjRp0ngbY7pBQQ96Ll_TRCNrOpqusH9vR8Wjp-_l43nfw0PILYNHBpovvDGLuj-CgjMyY0KKhMsMzskMtIRECs0uyVWM3wCQgspnpHjD3oaeNhjw0zanWB3pIfjBdtH33sYnagdf22AsdV3b0G2PO4-BosHaNt5QH4ax5tsQr8mFw120N793Tj6e1--rTVK8vmxXyyIxPM_6JFNaa8ZqJ7PauFQipKJWnEOdM64NOMgdirzKra3QOAVVrnkmUiEyValK8jm5n3a_cFfuO99gdyxb9OVmWZSnH6SpYjyVAxvZh4k1XRtjZ91fgUF5claOzsrJ2QjfTXB72P_H_QDGeGyW</recordid><startdate>20190401</startdate><enddate>20190401</enddate><creator>Sterzi, Valerio</creator><creator>Pezzoni, Michele</creator><creator>Lissoni, Francesco</creator><general>Oxford University Press</general><general>Oxford University Press (OUP)</general><scope>AAYXX</scope><scope>CITATION</scope><scope>1XC</scope></search><sort><creationdate>20190401</creationdate><title>Patent management by universities: evidence from Italian academic inventions</title><author>Sterzi, Valerio ; Pezzoni, Michele ; Lissoni, Francesco</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Quantitative Finance</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Sterzi, Valerio</creatorcontrib><creatorcontrib>Pezzoni, Michele</creatorcontrib><creatorcontrib>Lissoni, Francesco</creatorcontrib><collection>CrossRef</collection><collection>Hyper Article en Ligne (HAL)</collection><jtitle>Industrial and corporate change</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Sterzi, Valerio</au><au>Pezzoni, Michele</au><au>Lissoni, Francesco</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Patent management by universities: evidence from Italian academic inventions</atitle><jtitle>Industrial and corporate change</jtitle><date>2019-04-01</date><risdate>2019</risdate><volume>28</volume><issue>2</issue><spage>309</spage><epage>330</epage><pages>309-330</pages><issn>0960-6491</issn><eissn>1464-3650</eissn><abstract>Abstract Over the past 20 years, European universities have increased their propensity to retain title of their faculty’s inventions, but evidence on the value of such patents is at best mixed. Based on a longitudinal sample of Italian academic patents (patents over faculty’s inventions), assigned either to universities or firms, we find that the lower value of university-owned patents, versus firm-owned ones, is owing to lower Technological Importance of the inventions and less effective Exploitation of the related patents. Lack of experience in managing patented inventions explains our results for Technological Importance, but not for Exploitation. Both are unrelated to the presence of a technology transfer office. Our study suggests caution in pushing universities to expand their patent portfolios and in using university-owned patents as indicators of technology-transfer activities.</abstract><pub>Oxford University Press</pub><doi>10.1093/icc/dty070</doi><tpages>22</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0960-6491
ispartof Industrial and corporate change, 2019-04, Vol.28 (2), p.309-330
issn 0960-6491
1464-3650
language eng
recordid cdi_hal_primary_oai_HAL_hal_02271326v1
source EconLit s plnými texty; Access via Business Source (EBSCOhost); Oxford Journals Online
subjects Quantitative Finance
title Patent management by universities: evidence from Italian academic inventions
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-03T18%3A57%3A38IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-oup_hal_p&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Patent%20management%20by%20universities:%20evidence%20from%20Italian%20academic%20inventions&rft.jtitle=Industrial%20and%20corporate%20change&rft.au=Sterzi,%20Valerio&rft.date=2019-04-01&rft.volume=28&rft.issue=2&rft.spage=309&rft.epage=330&rft.pages=309-330&rft.issn=0960-6491&rft.eissn=1464-3650&rft_id=info:doi/10.1093/icc/dty070&rft_dat=%3Coup_hal_p%3E10.1093/icc/dty070%3C/oup_hal_p%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c385t-5799911df65dcf26a024d7330d8139c0f08fa48b8eebacf70b8935424457b7b63%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_id=info:pmid/&rft_oup_id=10.1093/icc/dty070&rfr_iscdi=true