Tag Archive | "patents"

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, 72 hits)

Posted in Economics, Information Technology, Knowledge Management, Volume VIII, Issue no. 5

Do Technology Transfer and IPR Spur Domestic Innovation? An International Panel Data Analysis

The study investigates whether raising technology transfer and strengthening the intellectual property rights (IPR) regime trigger domestic innovation by employing a panel data analysis for 58 developed and developing countries in the 1960-2010 period. Since theoretical and empirical literature has proved that innovation and technology were the prominent drivers of development process, analyzing the determinants of these factors have become crucial. Due to the globalization process, knowledge spreads faster than any other social and economic indicators; which makes the interactions between the types of knowledge more important. Thus, the study analyzes the impacts of foreign patents (as a proxy for technology transfer) and IPR on domestic innovation. According to the empirical analysis, it is found that technology transfer triggers domestic innovation both in developed and developing world. Contrary, it is also found that intellectual property protection is a detrimental factor for domestic innovation in mid income group while it bears fruit in high income group.

  Do Technology Transfer and IPR Spur Domestic Innovation? An International Panel Data Analysis (1.4 MiB, 745 hits)

Posted in Economics, Information Technology, Knowledge Management, Volume VI, Issue no. 6

Technological Innovation in Developing Countries: A Descriptive Analysis

Although most studies are interested with innovation in developed countries, we think that innovation is also vital for developing ones. The objective of this study is to describe it in developing countries. To quantify innovations, we use two types of indicators. The first type is associated with the inputs (R&D), the second is associated with outputs (patents and scientific publications). We find that developing countries have made progress in terms of innovation, but are still far from world leaders. We find also that the BRIC countries, especially India and China, are the most efficient in terms of scientific and technological power.

  Technological Innovation in Developing Countries: A Descriptive Analysis (786.7 KiB, 1,012 hits)

Posted in Economics, Journal Issues, Volume VI, Issue no. 3