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Are scientific indicators of patent quality useful to investors?


  • Hirschey, Mark
  • Richardson, Vernon J.


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  • Hirschey, Mark & Richardson, Vernon J., 2004. "Are scientific indicators of patent quality useful to investors?," Journal of Empirical Finance, Elsevier, vol. 11(1), pages 91-107, January.
  • Handle: RePEc:eee:empfin:v:11:y:2004:i:1:p:91-107

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    References listed on IDEAS

    1. Bronwyn H. Hall & Adam B. Jaffe & Manuel Trajtenberg, 2000. "Market Value and Patent Citations: A First Look," NBER Working Papers 7741, National Bureau of Economic Research, Inc.
    2. Hall, Bronwyn H & Griliches, Zvi & Hausman, Jerry A, 1986. "Patents and R and D: Is There a Lag?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(2), pages 265-283, June.
    3. Zvi Griliches, 1998. "Patent Statistics as Economic Indicators: A Survey," NBER Chapters,in: R&D and Productivity: The Econometric Evidence, pages 287-343 National Bureau of Economic Research, Inc.
    4. 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.
    5. Kortum, Samuel & Lerner, Josh, 1999. "What is behind the recent surge in patenting?1," Research Policy, Elsevier, vol. 28(1), pages 1-22, January.
    6. repec:fth:harver:1473 is not listed on IDEAS
    7. Toivanen, Otto & Stoneman, Paul & Bosworth, Derek, 2002. " Innovation and the Market Value of UK Firms, 1989-1995," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 64(1), pages 39-61, February.
    8. Dietmar Harhoff & Francis Narin & F. M. Scherer & Katrin Vopel, 1999. "Citation Frequency And The Value Of Patented Inventions," The Review of Economics and Statistics, MIT Press, vol. 81(3), pages 511-515, August.
    9. repec:bla:joares:v:36:y:1998:i::p:161-191 is not listed on IDEAS
    10. Hirschey, Mark & Richardson, Vernon J., 2001. "Valuation effects of patent quality: A comparison for Japanese and U.S. firms," Pacific-Basin Finance Journal, Elsevier, vol. 9(1), pages 65-82, January.
    11. Nicholas Bloom & John Van Reenen, 2002. "Patents, Real Options and Firm Performance," Economic Journal, Royal Economic Society, vol. 112(478), pages 97-116, March.
    12. Durbin, J, 1970. "Testing for Serial Correlation in Least-Squares Regression When Some of the Regressors are Lagged Dependent Variables," Econometrica, Econometric Society, vol. 38(3), pages 410-421, May.
    13. Narin, Francis & Hamilton, Kimberly S. & Olivastro, Dominic, 1997. "The increasing linkage between U.S. technology and public science," Research Policy, Elsevier, vol. 26(3), pages 317-330, October.
    14. Chung, Kee H. & Wright, Peter & Charoenwong, Charlie, 1998. "Investment opportunities and market reaction to capital expenditure decisions," Journal of Banking & Finance, Elsevier, vol. 22(1), pages 41-60, January.
    15. Hirschey, Mark & Richardson, Vernon J & Scholz, Susan, 2001. "Value Relevance of Nonfinancial Information: The Case of Patent Data," Review of Quantitative Finance and Accounting, Springer, vol. 17(3), pages 223-235, November.
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    Cited by:

    1. Reitzig, Markus & Ramb, Fred, 2004. "Who do you trust while bubbles grow and blow? A comparative analysis of the explanatory power of accounting and patent information for the market values of German firms," Discussion Paper Series 1: Economic Studies 2004,17, Deutsche Bundesbank.
    2. repec:spr:scient:v:80:y:2009:i:3:d:10.1007_s11192-009-2095-2 is not listed on IDEAS
    3. Sternitzke, Christian, 2010. "Knowledge sources, patent protection, and commercialization of pharmaceutical innovations," Research Policy, Elsevier, vol. 39(6), pages 810-821, July.
    4. repec:spr:scient:v:75:y:2008:i:2:d:10.1007_s11192-007-1854-1 is not listed on IDEAS
    5. repec:spr:scient:v:71:y:2007:i:1:d:10.1007_s11192-007-1655-6 is not listed on IDEAS
    6. repec:spr:scient:v:82:y:2010:i:1:d:10.1007_s11192-009-0101-3 is not listed on IDEAS
    7. Tadanori Yosano & Christian Nielson Gunnar Rimmel, 2014. "Japanese IPO Intellectual Capital Information Disclosures and the Effects on their Long-Term Stock Price Performance," Discussion Papers 2014-33, Kobe University, Graduate School of Business Administration.
    8. repec:spr:scient:v:89:y:2011:i:3:d:10.1007_s11192-011-0471-1 is not listed on IDEAS
    9. April Knill & Kristina Minnick & Ali Nejadmalayeri, 2012. "Experience, information asymmetry, and rational forecast bias," Review of Quantitative Finance and Accounting, Springer, vol. 39(2), pages 241-272, August.
    10. Gomes-Casseres, Benjamin & Hagedoorn, John & Jaffe, Adam B., 2006. "Do alliances promote knowledge flows?," Journal of Financial Economics, Elsevier, vol. 80(1), pages 5-33, April.
    11. Federico Munari & Raffaele Oriani (ed.), 2011. "The Economic Valuation of Patents," Books, Edward Elgar Publishing, number 13561.
    12. repec:spr:scient:v:98:y:2014:i:2:d:10.1007_s11192-013-1110-9 is not listed on IDEAS
    13. Serena Morricone & Raffaele Oriani, 2011. "Stock Market Valuation of Patent Portfolios," Chapters,in: The Economic Valuation of Patents, chapter 13 Edward Elgar Publishing.
    14. repec:spr:scient:v:92:y:2012:i:1:d:10.1007_s11192-012-0716-7 is not listed on IDEAS
    15. Marina A. Zavertiaeva, 2015. "Portfolio Forming Decisions: The Role of Intangibles," HSE Working papers WP BRP 44/FE/2015, National Research University Higher School of Economics.

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