Economic valuation of patents as real options

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F11%3A00000946" target="_blank" >RIV/70883521:28120/11:00000946 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Economic valuation of patents as real options
Original language description
In today´s high competitive business world is for the successful firms necessary to manage not only their tangible property but also intangible assets. The main goal of this article is to approximate the application of real option methodology for patentvaluation that takes into account the value of flexibility in investment decision making. In this paper is shown how to use real options methodology for valuation of patent. The theoretical background of real options is illustrated by the Black-Scholes model in the sample case adapted to Aswath Damodaran (Damodaran, 2001). This paper is completed by estimation of contemporary situation of patents granted by the Industrial property office in the last five years. The last part discuss in which situationsmake sense to use real options for valuation patent and what is the most common problems of using real options.
Czech name
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Czech description
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Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 5th International Scientific Conference Finance and the Performance of Firms in Science, Education and Practice
ISBN
978-80-7454-020-2
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
294-302
Publisher name
Univerzita Tomáše Bati ve Zlíně, Fakulta managementu a ekonomiky
Place of publication
Zlín
Event location
Zlín
Event date
Apr 28, 2011
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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