Innovation and firm value: An investigation of the changing role of patents, 1985–2007
Sharon Belenzon,Andrea Patacconi +1 more
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TLDR
In this paper, the authors examined how the relationship between firm value and patent-based indicators of inventive activity has changed over time using data from more than 33,000 mergers and acquisitions deals between 1985 and 2007.About:
This article is published in Research Policy.The article was published on 2013-09-01 and is currently open access. It has received 58 citations till now. The article focuses on the topics: Enterprise value & Mergers and acquisitions.read more
Figures
Fig. 1. (a) Time-varying coefficient estimates on USPTO and EPO patent stocks. 
Table 8 Domestic- vs. cross-border acquisitions. 
Table 1 Summary statistics for main variables. 
Table 9 American- vs. European targets. 
Table 5 Patents and firm value over time. 
Table 2 Summary statistics for main variables for different time periods.
Citations
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Journal ArticleDOI
Innovation indicators throughout the innovation process: An extensive literature analysis
TL;DR: In this article, a review article analyzes scientific publications on innovation indicators published between 1980 and 2015 and identifies 82 unique indicators to evaluate innovations including 26 indicators for the early stages of the innovation process.
Journal ArticleDOI
Exploitative and exploratory innovations in knowledge network and collaboration network: A patent analysis in the technological field of nano-energy
Jiancheng Guan,Na Liu +1 more
TL;DR: In this article, the structural properties of knowledge and collaboration networks and their possible influences on organizational innovations in terms of exploitation and exploration in the emerging nano-energy field were explored. But, the results showed that the knowledge networks and the technology-based collaboration networks are decoupled and that they have different degrees of integration.
Posted Content
The economics of the European patent system: IP policy for innovation and competition
TL;DR: The patent system has been faced for more than ten years with an avalanche of patent filings, which puts into question its ability to fulfil its social mission of encouraging innovation and the diffusion of technology.
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The Value of European Patents
TL;DR: In this article, the authors employ data from an extensive European survey to produce one of the first systematic assessments of the private economic value of patents, which is significantly correlated with the number of patent citations, references, claims, and countries in which the patent is applied.
Journal ArticleDOI
Do innovation-intensive firms mitigate their valuation uncertainty during bad times?
TL;DR: In this article, the authors considered the innovation intensity and leverage in pre- and post-2008 financial crisis periods, and using firm-level quarterly data from listed firms in the UK during 20 0 0 -2014, they find that leveraged firms can achieve greater valua- tion and mitigate any valuation uncertainty in the post-crisis period if they are knowledge- or high-technology intensive.
References
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The Market for “Lemons”: Quality Uncertainty and the Market Mechanism
TL;DR: In this paper, the authors present a struggling attempt to give structure to the statement: "Business in under-developed countries is difficult"; in particular, a structure is given for determining the economic costs of dishonesty.
Journal ArticleDOI
Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy
TL;DR: In this article, the authors explain why innovating firms often fail to obtain significant economic returns from an innovation, while customers, imitators and other industry participants be- nefit.
ReportDOI
Patent Statistics as Economic Indicators: A Survey
TL;DR: In this paper, the authors present a survey on the use of patent data in economic analysis, focusing on the patent data as an indicator of technological change and concluding that patent data remain a unique resource for the study of technical change.
Posted Content
Patent Statistics as Economic Indicators: A Survey
TL;DR: In this paper, the authors present a survey on the use of patent data in economic analysis, focusing on the patent data as an indicator of technological change and concluding that patent data remain a unique resource for the study of technical change.
Posted Content
Market value and patent citations
TL;DR: Hall et al. as mentioned in this paper explored the usefulness of patent citations as a measure of the "importance" of a firm's patents, as indicated by the stock market valuation of the firm's intangible stock of knowledge.
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