Reach for the stars: disentangling quantity and quality of inventors’ productivity in a multifaceted latent variable model

Abstract

Star inventors generate superior innovation outcomes. Their capacity to invent high-quality patents might be decisive beyond mere productivity. However, the relationship between quantitative and qualitative dimensions has not been exhaustively investigated. The equal odds baseline (EOB) framework can explicitly model this relationship. This work combines a theoretical model for creative production with recent calls in the patentometrics literature for multifaceted measurement of the ability to create high-quality patents. The EOB is extended and analyzed through structural equation modeling. Specifically, we compared a multifaceted EOB model with a single latent variable for quality, and a two-dimensional model that distinguishes between technological complexity and value of invention portfolios. The two-dimensional model had better fit but weaker factor scores (for the “value” latent variable) than the unidimensional model. These findings suggest that both the uni- and the two-dimensional approaches can be directly used for extending research on star inventors, while for practical high-stakes assessments the two-dimensional model would require further improvements.