Leveraging Patents Financially [electronic resource] : A Company Perspective /
Vries, Dominic de.author.
Intangible assets such as patents have become important competitive factors and key elements in the value structure of technology-intensive companies. While patents represent the technological capital to a large extent, they are not adequately represented in the field of corporate financing. Based on expert interviews and a large-scale survey, Dominic de Vries provides one of the first in-depth empirical studies into how patents contribute to companies’ access to external financial sources. He identifies and analyses the actual extent and influence factors of financial patent utilization across company size clusters and patent-intensive industry sectors in Germany.
Foreword; Preface; Outline; List of Abbreviations; List of Figures; List of Tables; 1 INTRODUCTION; 1.1 PURPOSE AND OBJECTIVE; 1.1.1 The increasing relevance of intellectual property; 1.1.2 Challenges in leveraging intellectual property financially; 1.1.3 Research objectives; 1.2 INTRODUCTION OF CENTRAL CONCEPTS AND THESIS FOCUS; 1.2.1 Introduction of key concepts and definitions; 1.2.2 Thesis focus; 1.2.3 Thesis structure; 2 THE ECONOMICS OF PATENTS; 2.1 THE CONCEPT OF PATENTS AND PATENTING TRENDS; 2.1.1 The concept of patents; 2.1.2 Patenting trends; 2.2 ASSET CHARACTERISTICS OF PATENTS
2.2.1 Motives and barriers to patent2.2.2 Patents as value drivers; 2.2.3 Patents as value indicators; 2.2.4 Patents as 'assets per se'; 2.2.5 Patents compared to tangible assets; 2.3 THE VALUE QUESTION; 2.3.1 The value distribution of patents; 2.3.2 How to assess the value of patents; 2.4 THE LIQUIDITY QUESTION; 2.4.1 The external acquisition and exploitation of patents; 2.4.2 The external acquisition of patents; 2.4.3 The external exploitation of patents; 2.4.4 Markets for technology; 2.4.5 Evolving patent-based business models; 2.5 SYNOPSIS OF THE ECONOMICS OF PATENTS
3 PATENTS AS FINANCIAL ASSETS3.1 THE PERCEPTION OF PATENTS IN FINANCIAL STATEMENTS; 3.2 HOW TO LEVERAGE PATENTS FINANCIALLY; 3.2.1 The role of patents in equity transactions; 3.2.2 The role of patents in debt financing; 3.2.3 The role of patents in sale/lease-back transactions; 3.2.4 The role of patents in patent funds; 3.3 SYNOPSIS OF PATENTS AS FINANCIAL ASSETS; 4 DESIGN OF THE EMPIRICAL STUDY; 4.1 EXPLORATORY INTERVIEWS; 4.2 LARGE-SCALE SURVEY; 4.3 STATISTICAL MEASURES AND METHODS; 5 DEVELOPMENT OF THE SURVEY; 5.1 ASSET CHARACTERISTICS OF PATENTS RECONSIDERED
5.2 ENDOGENEOUS FINANCIAL EXPLOITABILITY OF PATENTS5.3 ACTUAL EXTENT AND POTENTIAL OF LEVERAGING PATENTSFINANCIALLY; 5.4 INFLUENCE FACTORS FOR COMPANIES TO LEVERAGE PATENTSFINANCIALLY; 5.4.1 Financial influence factors; 5.4.2 Asset-related influence factors; 5.4.3 Managerial influence factors; 6 DESCRIPTIVE RESULTS OF THE EMPIRICAL STUDY; 6.1 DESCRIPTION OF THE SURVEY SAMPLE; 6.2 ASSET CHARACTERISTICS OF PATENTS; 6.2.1 Patent use and patent management trends; 6.2.2 The value and valuation of patents; 6.3 ENDOGENOUS FINANCIAL EXPLOITABILITY OF PATENTS
6.4 ACTUAL EXTENT AND POTENTIAL OF THE FINANCIAL UTILIZATION OFPATENTS6.5 INFLUENCE FACTORS FOR COMPANIES TO LEVERAGE PATENTSFINANCIALLY; 6.5.1 Financial influence factors; 6.5.2 Asset-related influence factors; 6.5.3 Managerial influence factors; 6.6 SUMMARY OF MAJOR DESCRIPTIVE FINDINGS; 7 ANALYTICAL EXAMINATION OF THE SURVEY RESULTS; 7.1 CONCEPTUAL FRAMEWORK; 7.1.1 Dependent variable: Financial utilization of patents; 7.1.2 Independent variables: Influence factors; 7.1.3 Control variables; 7.1.4 Overview of the analytical model
7.2 ANALYTICAL RESULT OF THE EMPIRICAL STUDY AND GENERATION OFHYPOTHESES
Originally presented as author's thesis (Ph. D.)--Hamburg University of Technology, 2011.
Includes bibliographical references (p. [197]-212).
Intangible assets such as patents have become important competitive factors and key elements in the value structure of technology-intensive companies. While patents represent the technological capital to a large extent, they are not adequately represented in the field of corporate financing. Based on expert interviews and a large-scale survey, Dominic de Vries provides one of the first in-depth empirical studies into how patents contribute to companies’ access to external financial sources. He identifies and analyses the actual extent and influence factors of financial patent utilization across company size clusters and patent-intensive industry sectors in Germany.
Management.
Industrial management.
Innovation/Technology Management.