This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Patent citations indicating present value of the biotechnology business Author info | Abstract | Publisher info | Download info | Related research | Statistics Tuomo Nikulainen
Raine Hermans
Martti Kulvik
Additional information is available for the following
registered author(s):
ABSTRACT : Patents form a central pathway for capturing the value of intangible assets in a knowledge-intensive business. Patents can potentially generate and support earnings in two ways : they can be traded or licensed out, and they can provide critical protection for core production technologies or products that are to be traded. Recent patent valuation literature relates backward citations to the basicness of an innovation, and forward citation counts to the economic value of an innovation. In our data covering all Finnish biotechnology patents, we found indications of only the first relation. This might reflect either an excess of a technology-orientated attitude of the companies, or a well-argued value creation mechanism that remains hidden from our research methods. The results imply that a usage of patent citation measures might provide important measures for innovation policies, technology management, and valuation of knowledge-intensive industries.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number
1048.
Download reference. The following formats are available: HTML
(with abstract ),
plain text
(with abstract ),
BibTeX ,
RIS (EndNote, RefMan, ProCite),
ReDIF
Length: 21 pages
Date of creation: 26 Oct 2006Date of revision:
Handle: RePEc:rif:dpaper:1048Contact details of provider: Postal: L�nnrotinkatu 4 B, FIN-00120 HELSINKI Phone: +358 (0)9 609 900 Fax: +358 (0)9 601 753 Web page: http://www.etla.fi/ More information through EDIRC
Order Information: Email:
For technical questions regarding this item, or to correct its listing, contact: (Kaija Hyvönen-Rajecki).
Keywords: patents ; patent citations ; biotechnology ; Other versions of this item:
Find related papers by JEL classification: O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General M21 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - Business Economics L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
This paper has been announced in the following NEP Reports :
This item is featured on the following reading lists :
Technology Assessment
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Lanjouw, Jean O & Schankerman, Mark, 2001.
"Characteristics of Patent Litigation: A Window on Competition ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 32(1), pages 129-51, Spring.
Ari Hyytinen & Mika Maliranta, 2006.
"When Do Employees Leave Their Job for Entrepreneurship: Evidence from Linked Employer-Employee Data ,"
Discussion Papers
1023, The Research Institute of the Finnish Economy.
[Downloadable!]
Hannu Piekkola, 2006.
"Are Individuals Who Have Non-Work Activities Prone to Retire Earlies: Evidence from Time Use Survey of Older Finns ,"
Discussion Papers
1036, The Research Institute of the Finnish Economy.
[Downloadable!]
Terttu Luukkonen & Mari Maunula, 2006.
"`Coaching´ Small Biotech Companies into Success: The Value-adding Function of VC ,"
Discussion Papers
1032, The Research Institute of the Finnish Economy.
[Downloadable!]
Esa Viitamo, 2006.
"Markkinoiden toimivuuden arvioiminen - Suuntaviivoja vertailevalle kilpailututkimukselle ,"
Discussion Papers
1021, The Research Institute of the Finnish Economy.
[Downloadable!]
Petri Böckerman & Mika Maliranta, 2006.
"The Micro-level Dynamics of Regional Productivity Growth: The Source of Divergence in Finland Revised ,"
Discussion Papers
1038, The Research Institute of the Finnish Economy.
[Downloadable!]
Jean O. Lanjouw & Mark Schankerman, 1999.
"The Quality of Ideas: Measuring Innovation with Multiple Indicators ,"
NBER Working Papers
7345, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Albert, M. B. & Avery, D. & Narin, F. & McAllister, P., 1991.
"Direct validation of citation counts as indicators of industrially important patents ,"
Research Policy ,
Elsevier, vol. 20(3), pages 251-259, June.
[Downloadable!] (restricted)
Ari Hyytinen & Olli-Pekka Ruuskanen, 2006.
"What makes an entrepreneur independent? Evidence from time use survey ,"
Discussion Papers
1029, The Research Institute of the Finnish Economy.
[Downloadable!]
Manuel Trajtenberg, 1990.
"A Penny for Your Quotes: Patent Citations and the Value of Innovations ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 21(1), pages 172-187, Spring.
[Downloadable!] (restricted)
Olavi Rantala, 2006.
"T&K -panostusten kansantaloudelliset vaikutukset ,"
Discussion Papers
1028, The Research Institute of the Finnish Economy.
[Downloadable!]
Ville Kaitila & Reijo Mankinen & Nuutti Nikula, 2006.
"Yksityisten palvelualojen kansainvälinen tuottavuusvertailu ,"
Discussion Papers
1043, The Research Institute of the Finnish Economy.
[Downloadable!]
Tuomo Nikulainen & Mika Pajarinen & Christopher Palmberg, 2005.
"Patents and Technological Change - A Review with Focus on the FEPOCI Database ,"
Discussion Papers
984, The Research Institute of the Finnish Economy.
[Downloadable!]
Bronwyn H. Hall & Adam Jaffe & Manuel Trajtenberg, 2005.
"Market Value and Patent Citations ,"
RAND Journal of Economics ,
The RAND Corporation, vol. 36(1), pages 16-38, Spring.
Raimo Lovio & Jari Jääskeläinen & Juha Laurila & Kari Lilja, 2006.
"Globalisaatio Suomen vanhojen teollisuuspaikkakuntien kehityksen muovaajana - Tapaustutkimus Varkauden kaupungista ,"
Discussion Papers
1035, The Research Institute of the Finnish Economy.
[Downloadable!]
Laura Valkonen, 2006.
"Perhevapaiden vaikutukset naisten ura- ja palkkakehitykseen - kirjallisuuskatsaus ,"
Discussion Papers
1033, The Research Institute of the Finnish Economy.
[Downloadable!]
Reitzig, Markus, 2004.
"Improving patent valuations for management purposes--validating new indicators by analyzing application rationales ,"
Research Policy ,
Elsevier, vol. 33(6-7), pages 939-957, September.
[Downloadable!] (restricted)
Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000.
"Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not) ,"
NBER Working Papers
7552, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: Maria Luisa Mancusi, 2003.
"Geographical Concentration And The Dynamics Of Countries' Specialization In Technologies ,"
Economics of Innovation and New Technology ,
Taylor and Francis Journals, vol. 12(3), pages 269-291, January.
[Downloadable!] (restricted)
Other versions: Jyrki Ali-Yrkkö & Mika Maliranta, 2006.
"Impact of R&D on Productivity - Firm-level Evidence from Finland ,"
Discussion Papers
1031, The Research Institute of the Finnish Economy.
[Downloadable!]
Narin, Francis & Noma, Elliot & Perry, Ross, 1987.
"Patents as indicators of corporate technological strength ,"
Research Policy ,
Elsevier, vol. 16(2-4), pages 143-155, August.
[Downloadable!] (restricted)
Olavi Rantala, 2006.
"Sosiaalietuuksien rahoituksen hinta- ja hyvinvointivaikutukset kotitaloussektorissa ,"
Discussion Papers
1016, The Research Institute of the Finnish Economy.
[Downloadable!]
Dietmar Harhoff & Francis Narin & Frederic M. Scherer & Katrin Vopel, 1997.
"Citation Frequency and the Value of Patented Innovation ,"
CIG Working Papers
FS IV 97-26, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
[Downloadable!]
Other versions: Sami Napari, 2006.
"Perhevapaiden palkkavaikutukset: katsaus kirjallisuuteen ,"
Discussion Papers
1044, The Research Institute of the Finnish Economy.
[Downloadable!]
Kari Alho, 2006.
"Climate Policies and Economic Growth ,"
Discussion Papers
1024, The Research Institute of the Finnish Economy.
[Downloadable!]
Harhoff, Dietmar & Scherer, Frederic M. & Vopel, Katrin, 2003.
"Citations, family size, opposition and the value of patent rights ,"
Research Policy ,
Elsevier, vol. 32(8), pages 1343-1363, September.
[Downloadable!] (restricted)
Elad Harison & Heli Koski, 2006.
"Innovative Software Business Strategies: Evidence from Finnish Firms ,"
Discussion Papers
1042, The Research Institute of the Finnish Economy.
[Downloadable!]
Maarit Lindström & Mika Pajarinen, 2006.
"The Use of Design in Finnish Manufacturing Firms ,"
Discussion Papers
1017, The Research Institute of the Finnish Economy.
[Downloadable!]
Derek C. Jones & Panu Kalmi & Mikko Mäkinen, 2006.
"The Productivity Effects of Stock Option Schemes: Evidence from Finnish Panel Data ,"
Discussion Papers
1026, The Research Institute of the Finnish Economy.
[Downloadable!]
Alberto Di Minin & Christopher Palmberg, 2006.
"A case for non-globalization? The organisation of r&d in the wireless telecommunications industry ,"
Discussion Papers
1047, The Research Institute of the Finnish Economy.
[Downloadable!]
Full
references
Access and
download statistics Did you know? Over 80% of the top 1000 economists are registered on RePEc.
This page was last updated on 2009-12-8.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .