An Analysis of Technologically Radical Innovation and Breakthrough Patents

Kristie Briggs, David L. Buehler

Research output: Contribution to journalArticle

Abstract

Breakthrough innovations – commonly defined by innovations with patents surpassing a critical threshold of forward citations – generate benefits for innovators, businesses, and society. Analyzing more than five million patents and citations from 1976 to 2017, this paper adds to the existing literature by examining whether the radicalness of a patented good – that is, the more technology classes cited as contributing prior arts not identified in the patent’s own technology identity – impacts the likelihood an innovation is a breakthrough. In essence, the paper tests the common belief that it is beneficial to “think outside the box” when innovating. The results show that increased radicalness increases the likelihood of a breakthrough up to a certain threshold, after which increased radicalness decreases the likelihood of a breakthrough. Additionally, established innovators and university ownership of a patent each extend the range for which increased radicalness increases the probability of a breakthrough, while joint patent ownership decreases the range.

LanguageEnglish (US)
Pages1-25
Number of pages25
JournalInternational Journal of the Economics of Business
DOIs
StateAccepted/In press - Mar 15 2018

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Radical innovation
Patents
Innovators
Citations
Innovation
Ownership
Art
Breakthrough innovation
Business and society
Common belief

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting (miscellaneous)
  • Economics and Econometrics

Cite this

An Analysis of Technologically Radical Innovation and Breakthrough Patents. / Briggs, Kristie; Buehler, David L.

In: International Journal of the Economics of Business, 15.03.2018, p. 1-25.

Research output: Contribution to journalArticle

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