A real option based model for the valuation of patent protected technological innovation projects

Hernández-García, Roberto Daniel; Güemes‐Castorena, David; Ponce-Jaramillo, Idalia Estefanía

doi:10.1016/j.wpi.2018.05.002

Cited by 12 publications

(7 citation statements)

References 15 publications

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“…In the first phase of the analysis, we obtained the results shown in Table 2. Articulo Table 2 Determinants of value and limitations of the classical methods of patent valuation that use the quantitative approach Source: Prepared by the authors from (Drivas & Panagopoulos, 2016;Grimaldi et al, 2017;Hernández-García, Güemes-Castorena, & Ponce-Jaramillo, 2018;Ishii, 2016;Kim et al, 2015;Kopczewska & Kopyt, 2014;Lagrost et al, 2010;Lawryshyn, Collan, Luukka, & Fedrizzi, 2017;Pärs & Sander, 2015;Saaranto, 2016;Wirtz, 2012) The results of this analysis agree with what authors such as Kjellberg & Mallard, (2013) mention about the need for more multidimensional, dynamic and understandable methods and metrics to capture their characteristics.…”

Section: Analysis Of Resultssupporting

confidence: 68%

Variables determining the growth of micro and small businesses

Landazuri-Aguilera

2019

JAF

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Both developed and emerging nations share a high proportion of SMEs in their economic structure. For developing countries like Mexico, this situation can represent development opportunities. In this context, the objective of this study is to statistically analyze the relationship between the variables finance, technology, competition and human resources, with the variable dependent on business growth in the micro and small companies of southern Sonora. To do this, we propose a structural model, tested through the model of structural equations with estimated panel data and a contrast of said results through a multiple linear regression model. The sample size reached was 65 companies and the information was collected through interviews. The results through structural equation models and linear regression show that there is a positive and statistically significant relationship between viable technology and competition with business growth, not being so with the variables finances and human resource, when not being significant, concluding that the variables technology and competition explain the behavior of the dependent variable (business growth). The findings are consistent with those found in other research conducted in other countries.

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Section: Analysis Of Resultssupporting

confidence: 68%

Variables determining the growth of micro and small businesses

Landazuri-Aguilera

2019

JAF

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“…Although DCF is the most commonly used valuation method, it does have some limitations. The model is composed of static components, which can hinder valuation when the expected cash flow in the period is uncertain (SANTOS; SANTIAGO, 2008;SOUZA, 2016;GARCIA;FELDHAUS, 2018;CASTORENA;JARAMILLO, 2018).…”

Section: Trl Criterionmentioning

confidence: 99%

Evaluation of the main technology valuation methods applied to intellectual property

Cavalcanti,

Lepratte,

Scolaro

et al. 2023

R. G. Secr.

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The Technology Licensing Office (TLO) face several challenges, and one of them is related to the commercialization of technologies created by Scientific and Technological Institutions (STI), specifically regarding the valuation of technologies with market potential. This involves assigning a monetary value to the technologies to enable their negotiation for transfer to the productive sector. The objective of this study was to evaluate the main methods or valuation models of technology applied to intellectual property as a means of supporting the commercialization and technology transfer processes in TLOs. The research methodology used to conduct this study on valuation methods applicable to TLOs was a systematic literature review. As a result, a guide was developed, consisting of a few questions, which allows for a quick review to select, in a clear and objective manner, the most appropriate technology valuation method to be applied, taking into account the interests of the evaluator. In this way, the main technology valuation methods were identified, as well as the main advantages and disadvantages of each of the models addressed in this study.

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“…Técnicas tradicionais de avaliação de investimentos, como Valor Presente Líquido (VPL) e árvore de decisão, são limitadas quando os custos esperados e fluxos de caixa são incertos. RO tem ajudado acadêmicos e gerentes a melhor avaliarem a probabilidade de sucesso financeiro de projetos recheados de incertezas [13]. Outra ferramenta tradicional de avaliação de investimentos, como fluxo de caixa descontado, é adequado quando os eventos de fluxos de caixa futuros são determinísticos, porém é limitado quando há muita incerteza sobre o negócio, pois falham em fornecer uma avaliação sólida sobre um ambiente incerto e quando existe flexibilidade nas decisões gerenciais, neste cenário RO é adequado [14].…”

Section: Ferramentas E Técnicas Utilizadasunclassified

“… 2017: 03 artigos [15,18,19], sendo todos da base Scopus.  2018: 06 artigos, sendo 03 da base de dados Scopus [13][14][15]…”

Section: Distribuição Das Publicações Por Ano E Categoriaunclassified

“…Dos 11 artigos analisados, 08 obtiveram pontuação média igual a 3, correspondendo a 73% dos artigos qualificados, e 27% foram publicados no Sustainability (Switzerland). Segue relação e pontuação média respectiva:  PM = 3: total de 08 artigos [8,[11][12][13][14][15][16][17]  PM = 2: total de 01 artigo [18]  PM = 1,5: total de 02 artigos [19,20]  PM = 1: total de 01 artigo [21] descartado.…”

Section: Distribuição Dos Artigos Por Pontuação Médiaunclassified

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