메뉴 건너뛰기




Volumn 11, Issue 1, 2004, Pages 91-107

Are scientific indicators of patent quality useful to investors?

Author keywords

Market value; Patent citations; Patents; Research and development

Indexed keywords


EID: 0346268867     PISSN: 09275398     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jempfin.2003.01.001     Document Type: Article
Times cited : (105)

References (29)
  • 1
    • 20144374706 scopus 로고    scopus 로고
    • The value relevance of intangibles: The case of software capitalization
    • Aboody D. Lev B. The value relevance of intangibles: the case of software capitalization Journal of Accounting Research 36 1998 161-191
    • (1998) Journal of Accounting Research , vol.36 , pp. 161-191
    • Aboody, D.1    Lev, B.2
  • 2
    • 0000977563 scopus 로고
    • Direct validation of citation counts as indicators of industrially important patents
    • Albert M.B. Avery D. Narin F. McAllister P. Direct validation of citation counts as indicators of industrially important patents Research Policy 20 1991 251-259
    • (1991) Research Policy , vol.20 , pp. 251-259
    • Albert, M.B.1    Avery, D.2    Narin, F.3    McAllister, P.4
  • 4
    • 0036225387 scopus 로고    scopus 로고
    • Patents, real options and firm performance
    • Bloom N. Van Reenen J. Patents, real options and firm performance Economic Journal 112 2002 C97-C116
    • (2002) Economic Journal , vol.112
    • Bloom, N.1    Van Reenen, J.2
  • 5
    • 0036713536 scopus 로고    scopus 로고
    • Using patent citation analysis to target/value M&A candidates
    • Breitzman A. Thomas P. Using patent citation analysis to target/value M&A candidates Research Technology Management 45 2002 28-36
    • (2002) Research Technology Management , vol.45 , pp. 28-36
    • Breitzman, A.1    Thomas, P.2
  • 6
    • 0010019475 scopus 로고    scopus 로고
    • The stock market valuation of research and development expenditures
    • Chan K.C. Lakonishok J. Sougiannis T. The stock market valuation of research and development expenditures Journal of Finance 56 2001 2431-2456
    • (2001) Journal of Finance , vol.56 , pp. 2431-2456
    • Chan, K.C.1    Lakonishok, J.2    Sougiannis, T.3
  • 7
    • 0000975241 scopus 로고
    • Advertising, r&d expenditures and the market value of the firm
    • Chauvin K.W. Hirschey M. Advertising, r&d expenditures and the market value of the firm Financial Management 22 1993 128-140
    • (1993) Financial Management , vol.22 , pp. 128-140
    • Chauvin, K.W.1    Hirschey, M.2
  • 8
    • 0009893721 scopus 로고    scopus 로고
    • Investment opportunities and market reaction to capital expenditure decisions
    • Chung K.H. Wright P. Charoenwong C. Investment opportunities and market reaction to capital expenditure decisions Journal of Banking and Finance 22 1998 41-60
    • (1998) Journal of Banking and Finance , vol.22 , pp. 41-60
    • Chung, K.H.1    Wright, P.2    Charoenwong, C.3
  • 9
    • 0000971285 scopus 로고
    • Industry effects and appropriability measures in the stock market's valuation of R&D and patents
    • Cockburn I. Griliches Z. Industry effects and appropriability measures in the stock market's valuation of R&D and patents American Economic Review 78 1988 419-423
    • (1988) American Economic Review , vol.78 , pp. 419-423
    • Cockburn, I.1    Griliches, Z.2
  • 10
    • 0003077926 scopus 로고    scopus 로고
    • Science and technology as predictors of stock performance
    • Deng Z. Lev B. Narin F. Science and technology as predictors of stock performance Financial Analysts Journal 55 1999 20-32
    • (1999) Financial Analysts Journal , vol.55 , pp. 20-32
    • Deng, Z.1    Lev, B.2    Narin, F.3
  • 11
    • 0000208041 scopus 로고
    • Testing for serial correlation in least squares regression when some of the regressors are lagged dependent variables
    • Durbin J. Testing for serial correlation in least squares regression when some of the regressors are lagged dependent variables Econometrica 38 1970 410-421
    • (1970) Econometrica , vol.38 , pp. 410-421
    • Durbin, J.1
  • 12
    • 0002261146 scopus 로고
    • P/E, P/B and the present value of future dividends
    • Fairfield P. P/E, P/B and the present value of future dividends Financial Analysts Journal 50 1994 23-31
    • (1994) Financial Analysts Journal , vol.50 , pp. 23-31
    • Fairfield, P.1
  • 13
    • 0004296209 scopus 로고    scopus 로고
    • 4th ed. Upper Saddle River, NJ: Prentice-Hall
    • Greene W.H. Econometric Analysis 4th ed. 2000 Prentice-Hall Upper Saddle River, NJ
    • (2000) Econometric Analysis
    • Greene, W.H.1
  • 14
    • 0000217915 scopus 로고
    • Productivity R&D, and basic research at the firm level in the 1970's
    • Griliches Z. Productivity R&D, and basic research at the firm level in the 1970's American Economic Review 76 1986 141-154
    • (1986) American Economic Review , vol.76 , pp. 141-154
    • Griliches, Z.1
  • 16
    • 0000372860 scopus 로고
    • Patent statistics as economic indicators: A survey
    • Griliches Z. Patent statistics as economic indicators: a survey Journal of Economic Literature 28 1990 1661-1707
    • (1990) Journal of Economic Literature , vol.28 , pp. 1661-1707
    • Griliches, Z.1
  • 18
    • 0003915829 scopus 로고    scopus 로고
    • Market value and patent citations: A first look
    • National bureau of economic research (nber) working paper no. W7741
    • Hall B.H. Jaffe A.B. Trajtenberg M. 2000 Market value and patent citations: a first look, National bureau of economic research (nber) working paper no. W7741.
    • (2000)
    • Hall, B.H.1    Jaffe, A.B.2    Trajtenberg, M.3
  • 20
    • 0011136313 scopus 로고    scopus 로고
    • Valuation effects of patent quality: A comparison for Japanese and U.S. firms
    • Hirschey M. Richardson V.J. Valuation effects of patent quality: a comparison for Japanese and U.S. firms Pacific Basin Finance Journal 9 2001 65-82
    • (2001) Pacific Basin Finance Journal , vol.9 , pp. 65-82
    • Hirschey, M.1    Richardson, V.J.2
  • 21
    • 0010090150 scopus 로고
    • Size effects in the market capitalization of fundamental factors
    • Hirschey M. Spencer R.S. Size effects in the market capitalization of fundamental factors Financial Analysts Journal 48 1992 91-95
    • (1992) Financial Analysts Journal , vol.48 , pp. 91-95
    • Hirschey, M.1    Spencer, R.S.2
  • 23
    • 0001476021 scopus 로고
    • Equilibrium R&D and the patent-R&D ratio: U.S. evidence
    • Kortum S. Equilibrium R&D and the patent-R&D ratio: U.S. evidence American Economic Review 83 1993 450-457
    • (1993) American Economic Review , vol.83 , pp. 450-457
    • Kortum, S.1
  • 24
    • 0002231899 scopus 로고    scopus 로고
    • What is behind the recent surge in patenting?
    • Kortum S. Lerner J. What is behind the recent surge in patenting? Research Policy 28 1999 1-22
    • (1999) Research Policy , vol.28 , pp. 1-22
    • Kortum, S.1    Lerner, J.2
  • 25
    • 0003332120 scopus 로고    scopus 로고
    • The increasing linkage between U.S. technology and public science
    • Narin F. Hamilton K.S. Olivastro D. The increasing linkage between U.S. technology and public science Research Policy 26 1997 317-330
    • (1997) Research Policy , vol.26 , pp. 317-330
    • Narin, F.1    Hamilton, K.S.2    Olivastro, D.3
  • 26
    • 0030099666 scopus 로고    scopus 로고
    • An empirical analysis of strategic competition and firm values: The case of r&d competition
    • Sundaram A.K. John T.A. John K. 1996 An empirical analysis of strategic competition and firm values: the case of r&d competition. 40 459-486
    • (1996) , vol.40 , pp. 459-486
    • Sundaram, A.K.1    John, T.A.2    John, K.3
  • 27
    • 0032812975 scopus 로고    scopus 로고
    • The effect of technological impact upon patent renewal decisions
    • Thomas P. The effect of technological impact upon patent renewal decisions Technology Analysis and Strategic Management 1 1999 181-197
    • (1999) Technology Analysis and Strategic Management , vol.1 , pp. 181-197
    • Thomas, P.1
  • 29
    • 0003218355 scopus 로고
    • A penny for your quotes: Patent citations and the value of innovations
    • Trajtenberg M. A penny for your quotes: patent citations and the value of innovations Rand Journal of Economics 21 1990 172-187
    • (1990) Rand Journal of Economics , vol.21 , pp. 172-187
    • Trajtenberg, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.