Author Archives | Chun.Yao.Tseng

Valuation of Patent under Uncertainty: A Real Option Perspective

Innovation has become a key to corporate success, so many information electronic companies apply patents to protect theirs new technology. The application of real option theory (ROT) is suitable for valuing patent, because of the higher degree of uncertainty and operational flexibility connected to the technology innovation and market volatility. The 214 listed firms in Taiwan electronic industry are examined based on analysis of patent and citation dataset comprised of all patents granted by the U.S. Patents of Trademark Office (USPTO). Under market and technology uncertainty factors using option perspective to assess firm’s market value. There are three empirical finding:(1) When a company faces market uncertainty, patents are helpful for a company to create value. (2)The companies can’t raise market value under technology uncertainty. (3) This study use three indicators to measure patent including quantity indicators (number of patents, priority) and quality indicator (cites per patent). All have a positively impact on firm’s value.

  Valuation of Patent under Uncertainty: A Real Option Perspective (673.5 KiB, 184 hits)

Posted in Economics, Information Technology, Knowledge Management, Volume VIII, Issue no. 5Comments Off on Valuation of Patent under Uncertainty: A Real Option Perspective

Comparison of different sources of patent granted on economic effects

Nowadays, innovation and patents is a tool for enterprise to generate competency. Besides, most countries protect their patents with “Territorialism” and the annual-fee system. This study emphasis on the relationship between the patent from difference applied area and the generated benefits, which forms patent portfolio the best set of coherent strategy and combines with high value-creating , and attempts to find out a rule to assist enterprise in applying patent to the proper area where create the highest benefits and match their cost-benefit. Enterprises view patent portfolio as an integration of patent strategy to construct overall business strategy. From the results, benefits created by patents are very difference not only because of the theology, but also the applied area. Through this study, enterprises could realize that they must consider where could create the highest benefits under the restriction while applying patent.

  JKMEIT_PATENT.pdf (353.5 KiB, 629 hits)

Posted in Economics, Information Technology, Knowledge Management, Volume VI, Issue no. 6Comments Off on Comparison of different sources of patent granted on economic effects

The Changing Nature of Knowledge Workers in the New Industrial Country: an Industry – Level Analysis

Academia and industry agree on the importance of knowledge worker workers in emerging economy or new industrial country for economic growth. Understanding the changing nature of knowledge workers in an industry-level analysis is helpful to formulate industry policy. This study aims to investigate the changing of knowledge workers in Taiwan 20 manufacturing industries during 1988-2005. Empirical results are shown as follows. First, there is a trend shift from non-knowledge workers to knowledge workers in all manufacturing industry. Second, based on the shift-share analysis, the within-industry effect on increasing knowledge workers is more than the between-industry effect, especially in electric & electronic machinery industry. Finally, both technological progress and international trade factors positively affect increasing knowledge workers, and the effect of the former is more than that of the later, based on regression analysis of fixed effect model.

  The Changing Nature of Knowledge Workers in the New Industrial Country: an Industry - Level Analysis (845.2 KiB, 923 hits)

Posted in Knowledge Management, Volume IV, Issue no. 6Comments Off on The Changing Nature of Knowledge Workers in the New Industrial Country: an Industry – Level Analysis