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Market Valuation of Patent Characteristics

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Honors Research Paper.docx
118.2 Kb
Wang_2013.pdf
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Date
2013-04-16
Author
Wang, Kevin
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Abstract
Measuring the returns to R&D has been an endeavor pursued by economists with vast interest in an effort to learn more about the characteristics of successful R&D. This paper empirically measures the market valuation of firms using patent statistics as a proxy for the success of R&D. It finds that self-citation and generality patent measures are largely insignificant likely due to a tendency for newer patents to be measured incorrectly. It also attempts a measure of companies’ reputation for innovation for valuation and proposes a new method of quantification. Lastly, it finds that the market valuation of R&D investment is potentially myopic during years of stock market downturns.
Type
Honors thesis
Department
Economics
Subject
Innovation
Market Value
Tobin's Q
Patent Generality
Returns to R&D
Self-citations
Permalink
https://hdl.handle.net/10161/6522
Citation
Wang, Kevin (2013). Market Valuation of Patent Characteristics. Honors thesis, Duke University. Retrieved from https://hdl.handle.net/10161/6522.
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This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

Rights for Collection: Undergraduate Honors Theses and Student papers


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