Analyzing Patent Transactions with Patent-based Measures

Patent analysis has long been involved in economic studies of innovation and technology, demonstrating the value of patents as highly valuable assets. Thus, the systematic examination of patent transactions should be a priority concern in research. The aim of this study is to explore how patent-based indicators inform patent transaction probability, as well as patent transaction speed. A total of 58,768 TFT-LCD patents between 1976 and 2012 were analyzed. The results show patent-base indicators demonstrate four value segments, which affect transaction likelihood and duration. Adequately weighting these segments can strategize transactional advantage. This study provides insights into patent transaction factors, and addresses management implications for firms or authorities who are interested in acquiring market advantages.