The relationships between the patent deployment strategy and patent value

In addition to patent basic characteristics, such as claims and citations, patent value embodies in company strategy as well. We apply two variables to measure company strategy: patent family depth and earn plan ratio. Patent family depth presents the degree in which certain fields and markets are valued by its company. Earn plan ratio indicates the degree that a patent family could be cited by later innovators and contenders. This study applies logistic regression model to analyze sample of LED industry. The results demonstrate that patent value has positive relationship with patent number of patent claims, number of backward citations, patent family depth, and earn plan ratio.