Impact of reabsorption of spilled knowledge on patent value

T. Miyazaki, R. Takemura, T. Harada, N. Ouchi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Innovation is often achieved by recombining existing knowledge. Thus, effective utilization of external knowledge is key for firms creating innovation. The concept of reabsorption, where an originating firm reabsorbs its spilled knowledge, including the advancements made by recipient firms, has attracted attention. Existing studies have not clarified the impact of reabsorption on patent value and have not confirmed whether an originating firm reabsorbs knowledge in the same or different technological fields. Therefore, this study attempts to examine the impact of reabsorption of knowledge on patent value considering technological fields using patent data. Reabsorption of spilled knowledge was tracked using patent citation data, and patent value was evaluated by the number of citations. By conducting negative binomial regression, we concluded that the reabsorption of spilled knowledge has a positive impact on patent value. Furthermore, the impact is greater when a firm reabsorbs spilled knowledge in different technological fields. Our results suggest that a firm has the ability to effectively create innovation by reabsorbing spilled knowledge.

Original languageEnglish
Title of host publication2020 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2020
PublisherIEEE Computer Society
Pages354-358
Number of pages5
ISBN (Electronic)9781538672204
DOIs
Publication statusPublished - 2020 Dec 14
Externally publishedYes
Event2020 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2020 - Virtual, Singapore, Singapore
Duration: 2020 Dec 142020 Dec 17

Publication series

NameIEEE International Conference on Industrial Engineering and Engineering Management
Volume2020-December
ISSN (Print)2157-3611
ISSN (Electronic)2157-362X

Conference

Conference2020 IEEE International Conference on Industrial Engineering and Engineering Management, IEEM 2020
Country/TerritorySingapore
CityVirtual, Singapore
Period20/12/1420/12/17

Keywords

  • Patent data
  • Reabsorption
  • Technological field

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Industrial and Manufacturing Engineering
  • Safety, Risk, Reliability and Quality

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