The effects of knowledge base characteristics on patent pledge financing: the moderating effects of technological munificence and dynamism

IF 6.6 2区管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE

Journal of Knowledge Management Pub Date : 2024-03-29 DOI:10.1108/jkm-05-2023-0369

Zhiqun Zhang, Xia Yang, Xue Yang, Xin Gu

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引用次数: 0

Abstract

Purpose This study aims to examine how the knowledge breadth and depth of a patent affect its likelihood of being pledged. It also seeks to explore whether these relationships change diversely in different technological environments. Design/methodology/approach A complementary log-log model with random effects was conducted to test the hypotheses using a unique data set consisting of 348,927 invention patents granted by the China National Intellectual Property Administration from 1985 to 2015 belonging to 74,996 firms. Findings The findings reveal that both knowledge breadth and depth of a patent positively affect its likelihood of being pledged. Furthermore, the knowledge breadth and depth entail different degrees of superiority in different technological environments. Research limitations/implications This study focuses on the effect of an individual patent’s knowledge base on its likelihood of being selected as collateral. It does not consider the influence of the overall knowledge characteristics of the selected patent portfolio. Practical implications Managers need to pay attention to patents’ knowledge characteristics and the changes in technological environments to select the most suitable patents as collateral and thus improve the success rate of pledge financing. Originality/value This study explores the impact of multidimensional characteristics of knowledge base on patent pledge financing within a systematic theoretical framework and incorporates technological environments into this framework.

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知识基础特征对专利质押融资的影响：技术慷慨性和活力的调节作用

目的本研究旨在探讨专利的知识广度和深度如何影响其被质押的可能性。研究结果研究结果表明，专利的知识广度和深度都会对其被质押的可能性产生积极影响。此外，在不同的技术环境中，知识广度和深度会带来不同程度的优越性。研究局限/意义本研究主要关注单项专利的知识基础对其被选为抵押品的可能性的影响。实践意义管理者需要关注专利的知识特征和技术环境的变化，以选择最合适的专利作为抵押品，从而提高质押融资的成功率。原创性/价值本研究在一个系统的理论框架内探讨了知识基础的多维特征对专利质押融资的影响，并将技术环境纳入了这一框架。

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来源期刊

Journal of Knowledge Management Multiple-

CiteScore

13.70

自引率

15.70%

发文量

期刊介绍： Knowledge Management covers all the key issues in its field including: ■Developing an appropriate culture and communication strategy ■Integrating learning and knowledge infrastructure ■Knowledge management and the learning organization ■Information organization and retrieval technologies for improving the quality of knowledge ■Linking knowledge management to performance initiatives ■Retaining knowledge - human and intellectual capital ■Using information technology to develop knowledge management ■Knowledge management and innovation ■Measuring the value of knowledge already within an organization ■What lies beyond knowledge management?