Research Paper

Gauging a Firm's Innovative Performance Using an Integrated Structural Index for Patents

  • Xiaojun Hu & Ronald Rousseau
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  • 1 Medical Information Center, Zhejiang University School of Medicine, Hangzhou 310058, China;
    2 Department of Mathematics, KU Leuven, Leuven B-3000, Belgium;
    3 Information and Library Science (IBW), University of Antwerp (UA), Antwerp B-2000, Belgium

Received date: 2016-01-28

  Revised date: 2016-02-22

  Online published: 2016-02-25

Supported by

This work is supported by the National Natural Science Foundation of China (Grant Nos: 71173185 and 71573225).

Abstract

Purpose: In this contribution we try to find new indicators to measure characteristics of a firm's patents and their influence on a company's profits.

Design/methodology/approach: We realize that patent evaluation and influence on a company's profits is a complicated issue requiring different perspectives. For this reason we design two types of structural h-indices, derived from the International Patent Classification (IPC). In a case study we apply not only basic statistics but also a nested case-control methodology.

Findings: The resulting indicator values based on a large dataset (19,080 patents in total) from the pharmaceutical industry show that the new structural indices are significantly correlated with a firm's profits.

Research limitations: The new structural index and the synthetic structural index have just been applied in one case study in the pharmaceutical industry.

Practical implications: Our study suggests useful implications for patentometric studies and leads to suggestions for different sized firms to include a healthy research and development (R&D) policy management. The structural h-index can be used to gauge the profits resulting from the innovative performance of a firm's patent portfolio.

Originality/value: Traditionally, the breadth and depth of patents of a firm and their citations are considered separately. This approach, however, does not provide an integrated insight in the major characteristics of a firm's patents. The Sh(Y) index, proposed in our investigation, can reflect a firm's innovation activities, its technological breadth, and its influence in an integrated way.


http://ir.las.ac.cn/handle/12502/8476

Cite this article

Xiaojun Hu & Ronald Rousseau . Gauging a Firm's Innovative Performance Using an Integrated Structural Index for Patents[J]. Journal of Data and Information Science, 2016 , 1(1) : 6 -27 . DOI: 10.20309/jdis.201603

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