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The Impact of Patent Strategy On Firm Value
Date Issued
2008
Date
2008
Author(s)
Chieng, Li-Geng
Abstract
The main purpose of this paper is to study the impact of patent strategy on firm value. Since the impact of patent strategy passes through patent value to firm value, we must get an appropriate method of patent valuation from perspective of strategy before realizing the impact of patent strategy on firm value.his paper describes some popular methods of patent valuation in chapter 2, discussing disadvantages and advantages of these methods respectively. Then in chapter 3, this paper introduces the idea of patent strategy and induces the model of patent valuation from the perspective of strategy. Finally in chapter 4, using the empirical results in Taiwan and USA market, shows the impact of patent strategy on firm value. The main idea of this paper is based on the real option that is embedded in the decision of patent strategy. Namely, this research appraises the patent value from patent strategy by applying the concept of real option of R&D to patent strategy. This paper uses the investment model in Ottoo (2002) as the core model in Patent valuation, then discussing the effect of patent strategy on firm value.
Subjects
patent strategy
firm value
patent valuation
Type
thesis
File(s)
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Name
ntu-97-R95724061-1.pdf
Size
23.32 KB
Format
Adobe PDF
Checksum
(MD5):6ecbf02c0da17594f4ab6794ea8f203a