Effects of patent protection on the firms' market value특허 보호가 회사의 시장 가치에 미치는 영향 : 신 재생 에너지 산업을 중심으로

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Patent protection serves as a powerful tool for preventing imitation of technologies from rivals. For that reason, firms establish several strategies to protect their patents when they apply them. However, backward citation and patent family size have not been considered in previous studies while they are important patent protection strategies for firms. In this paper, we examine how backward citation and patent family size can inhibit patent invalidation suits and be used as strategies to defend patents around the world. Especially, we examine the effects of these patent protection strategies on firms’ mar-ket value focusing on the renewable energy sector in South Korea. We find that these two patent protec-tion strategies have significant effects on firms’ market values proving that they are important tools in protecting patents. In addition, our findings suggest that protecting firms’ own intellectual property is an important factor for improving their market values, especially, in the renewable energy industry.
Advisors
Kim, Won-Joonresearcher김원준researcher
Description
한국과학기술원 :기술경영학부,
Publisher
한국과학기술원
Issue Date
2016
Identifier
325007
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 기술경영학부, 2016.8 ,[ii, 23 p. :]

Keywords

patent protection; market value of firms; renewable energy; patent; innovation; 특허 보호; 회사의 시장 가치; 신 재생 에너지 산업; 특허; 혁신

URI
http://hdl.handle.net/10203/221311
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=663313&flag=dissertation
Appears in Collection
MG-Theses_Master(석사논문)
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