Science quality and the value of inventions

被引：75

作者：

Poege, Felix ^{[1
,2
]}

Harhoff, Dietmar ^{[1
,3
,4
]}

Gaessler, Fabian ^{[1
,5
]}

Baruffaldi, Stefano ^{[1
,6
]}

机构：

[1] Max Planck Inst Innovat & Competit, Munich, Germany

[2] Inst Study Lab IZA, Bonn, Germany

[3] LMU, Munich, Germany

[4] CEPR, London, England

[5] Tech Univ Munich, Munich, Germany

[6] Univ Bath, Bath, Avon, England

来源：

SCIENCE ADVANCES | 2019年 / 5卷 / 12期

关键词：

PATENT CITATIONS; KNOWLEDGE FLOWS; INNOVATION; SPILLOVERS; INDUSTRY; FIRMS;

D O I：

10.1126/sciadv.aay7323

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

Despite decades of research, the relationship between the quality of science and the value of inventions has remained unclear. We present the result of a large-scale matching exercise between 4.8 million patent families and 43 million publication records. We find a strong positive relationship between the quality of the scientific contributions referenced in patents and the value of the respective inventions. We rank patents by the quality of the science to which they are linked. Strikingly, high-ranking patents are twice as valuable as low-ranking patents, which, in turn, are about as valuable as patents without a direct science link. We show this core result for various science quality and patent value measures. The effect of science quality on patent value remains relevant even when science is linked indirectly through other patents. Our findings imply that what is considered excellent within the science sector also leads to outstanding outcomes in the technological and commercial realms.

引用

页数：8

共 41 条

[31] Academic versus industry patenting: An in-depth analysis of what determines patent value [J].

Sapsalis, Eleftherios ;

de la Potteriea, Bruno van Pottelsberghe ;

Navon, Ran .

RESEARCH POLICY, 2006, 35 (10) :1631-1645

[32]

Scotchmer S., 2004, Innovation and Incentives

[33] Science and the diffusion of knowledge [J].

Sorenson, O ;

Fleming, L .

RESEARCH POLICY, 2004, 33 (10) :1615-1634

[34]

Stokes DE., 1997, PASTEURS QUADRANT BA

[35] Structural modeling of the value of patent [J].

Suzuki, Jun .

RESEARCH POLICY, 2011, 40 (07) :986-1000

[36] Patent citations and the geography of knowledge spillovers: A reassessment [J].

Thompson, P ;

Fox-Kean, M .

AMERICAN ECONOMIC REVIEW, 2005, 95 (01) :450-460

[37] A PENNY FOR YOUR QUOTES - PATENT CITATIONS AND THE VALUE OF INNOVATIONS [J].

TRAJTENBERG, M .

RAND JOURNAL OF ECONOMICS, 1990, 21 (01) :172-187

[38] Scientific novelty and technological impact [J].

Veugelers, Reinhilde ;

Wang, Jian .

RESEARCH POLICY, 2019, 48 (06) :1362-1372

[39] Bias against novelty in science: A cautionary tale for users of bibliometric indicators [J].

Wang, Jian ;

Veugelers, Reinhilde ;

Stephan, Paula .

RESEARCH POLICY, 2017, 46 (08) :1416-1436

[40] The increasing dominance of teams in production of knowledge [J].

Wuchty, Stefan ;

Jones, Benjamin F. ;

Uzzi, Brian .

SCIENCE, 2007, 316 (5827) :1036-1039

← 1 2 3 4 5 →