Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/80721
Authors: 
Hussinger, Katrin
Schwiebacher, Franz
Year of Publication: 
2013
Series/Report no.: 
ZEW Discussion Papers 13-060
Abstract: 
Open standard-setting organizations (SSOs) have emerged as important coordination and diffusion mechanism for information and communication technologies. Open standards are developed non-discriminatorily and licensed to anybody at reasonable and non-discriminatory terms. Little is known about the value of IP contributions to open standards for technology providers. This paper provides a large-scale empirical assessment thereof. Our findings show that disclosure of standard-relevant IP ownership is valued positively by financial markets only if the disclosure refers explicitly to associated patents. The loss of exclusivity to IPR appears to be outweighed by the expected benefits from open standards. Patents appear to signal the technological quality of IP contributions from firms with low R&D intensities.
Subjects: 
Open standards
IP disclosures
market value
JEL: 
O32
O34
L15
Document Type: 
Working Paper

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