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Impacts of intangible assets on the initial public offering of biotechnology startups

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  • Fukugawa, Nobuya

Abstract

This study examined how intangible assets of Japanese biotechnology startups affected their intention to go public at one point and their actual initial public offering. Simple patent counts did not affect startups’ intention to go public in 2005. Among several indicators of patent quality, forward citations were found to have positive impacts on whether startups went public by 2009.

Suggested Citation

  • Fukugawa, Nobuya, 2012. "Impacts of intangible assets on the initial public offering of biotechnology startups," Economics Letters, Elsevier, vol. 116(1), pages 83-85.
  • Handle: RePEc:eee:ecolet:v:116:y:2012:i:1:p:83-85
    DOI: 10.1016/j.econlet.2012.01.012
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    References listed on IDEAS

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    Cited by:

    1. Roya Ghafele & Benjamin Gibert, 2014. "IP Commercialization Tactics in Developing Country Contexts," Journal of Management and Strategy, Journal of Management and Strategy, Sciedu Press, vol. 5(2), pages 1-15, May.
    2. Reddy, K. Srinivasa, 2011. "The aftermarket pricing performance of initial public offers: Insights from India," MPRA Paper 62885, University Library of Munich, Germany, revised 2013.

    More about this item

    Keywords

    Patents; Biotechnology; Initial public offering; Intangible assets; Japan;

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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