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Patent Management and Valuation : The Strategic and Geographical Dimension (Hardcover)
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Research on patent valuation has become increasingly important in the academic and policy circles in the last decades or so. In part, this is the outcome of the wide consensus that innovation is a crucial ingredient for growth at various levels. On the other hand, there has also been an overcoming of growth models unilaterally focused on technological oriented approaches. This book presents novel and original research on patent value determinants, which are intrinsic or extrinsic to the innovator's business model.
Grid Thoma has undertook a long study on the strategic factors affecting patent valuation, bringing extensive quantitative evidences across various geographical and institutional contexts. Beforehand he takes in consideration the so called "strategic patenting" hypothesis according to which innovators obtain patents not only with the goal to achieve protection for their inventions but also for other reasons. Moreover, the book disentangles what other complementary intellectual property strategies the innovators combine with patenting that in turn directly affect patent valuation.A second order of strategic factors affecting the value of patents reside at the outset of the invention process. These are constituted by knowledge spillovers, which are typically mediated by the local geographical context where invention process takes place. The analysis show that the contribution of knowledge spillovers from business and non-business organizations to the value of the patented R&D constitutes a relevant aspect for innovator's decision making.
This thoughtful cutting edge research book is vital reading for researchers, academics and policy decision makers in the area of in Market Valuation, Management of Technology, Innovation Management, and Economic Geography.