Assessing Patent Value Through Patent Breadth Measures: A Comprehensive Study

Abstract

This study investigates the relationship between patent value and patent breadth measures, offering insights into the determinants of patent quality and the implications for innovation management and intellectual property strategies. Utilizing a multidimensional approach, the research examines various metrics of patent breadth, including claim scope, technological coverage, and citation breadth, and their impact on patent value across different industries and technological domains. Drawing upon a diverse dataset of patents, this study employs econometric techniques to analyze the correlation between patent breadth measures and indicators of patent value, such as patent citations, patent renewal rates, and patent litigation outcomes. Additionally, the research explores the moderating effects of firm characteristics, technological complexity, and market dynamics on the relationship between patent breadth and value creation. The findings shed light on the strategic importance of patent breadth in enhancing competitive advantage, fostering technological leadership, and maximizing the commercialization potential of intellectual property assets. Furthermore, the study provides practical implications for patent valuation, portfolio management, and innovation strategy formulation, highlighting the significance of considering patent breadth measures in assessing the overall value and strategic significance of patents in today's knowledge-driven economy.