Science quality and the value of inventions (Replication files)

by Poege, Felix & 3 more Authors | More information
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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.
				
Authors Felix Poege (1, 2) , Dietmar Harhoff (1, 3, 4) , Fabian Gaessler (1, 5) , Stefano Baruffaldi (1, 6) Affiliations 1. MPI for Innovation and Competition
2. Institute for the Study of Labor (IZA)
3. Ludwig Maximilian University (LMU)
4. Centre for Economic Policy Research (CEPR)
5. Technical University of Munich
6. University of Bath
Cite as Poege, Felix, Harhoff, Dietmar, Gaessler, Fabian, Baruffaldi, Stefano. (2019). Science quality and the value of inventions (Replication files). Max Planck Society. https://dx.doi.org/10.17617/3.33 Study Type(s) observational
Keywords
Science, Innovation, Bibliometrics, Patent
Journal
Science Advances
Geolocation – Place
Global
Number of items in this collection 2 DOI https://dx.doi.org/10.17617/3.33 Creation date Tue Nov 05 18:53:31 CET 2019 Last modification date Mon Nov 18 21:08:00 CET 2019 Date of publication Tue Nov 05 22:11:58 CET 2019 Permalink https://edmond.mpdl.mpg.de/imeji/collection/nGHee25qwvSapIap QR-code
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  • data_files.7z
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    data_files.7z
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    Science quality and the value of inventions (Replication files)
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    Replication data for "Science quality and the value of inventions" (anonymized)
  • Replication.7z
    File name
    Replication.7z
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    Science quality and the value of inventions (Replication files)
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