The quest for valuable inventions: Knowledge search and the value of patented inventions

IF 12.9 1区管理学 Q1 BUSINESS

Technological Forecasting and Social Change Pub Date : 2024-10-08 DOI:10.1016/j.techfore.2024.123794

Tianyu Hou , Liang Zhang , Julie Juan Li , Bin Chong , Yanzi Wu

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Abstract

While numerous studies have investigated the influence of knowledge search strategies on the impact of patented inventions, these studies predominantly focus on an invention's technological value. The economic value dimension has received less attention. This study draws on category-spanning and recombinant search literature to examine how knowledge search affects the economic value of patented inventions and compares this impact with that on technological value. Through an analysis of the knowledge search of a large sample of 1,998,504 U.S. utility patents, we find that knowledge search depth enhances an invention's economic value but negatively impacts its technological value. In contrast, knowledge search scope boosts an invention's technological value but diminishes its economic value. Moreover, knowledge relatedness, i.e., the extent to which the knowledge components being recombined are similar, has significant moderating effects. We conclude with a discussion of the theoretical and practical implications of our findings.

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寻求有价值的发明：知识搜索与专利发明的价值

虽然已有大量研究调查了知识搜索策略对专利发明影响的影响，但这些研究主要关注发明的技术价值。经济价值维度受到的关注较少。本研究借鉴类别跨度和重组搜索文献，研究知识搜索如何影响专利发明的经济价值，并将这种影响与技术价值的影响进行比较。通过对 1,998,504 项美国实用新型专利的大量样本进行知识搜索分析，我们发现知识搜索深度会提高发明的经济价值，但对其技术价值有负面影响。相反，知识搜索范围会提高发明的技术价值，但会降低其经济价值。此外，知识相关性（即被重组的知识成分的相似程度）具有显著的调节作用。最后，我们将讨论研究结果的理论和实践意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Technological Forecasting and Social Change Multiple-

CiteScore

21.30

自引率

10.80%

发文量

813

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