Open AccessNew value determinants to expand the scope of traditional patent valuation methodologies
Author(s) -
Mariela Juana Alonso-Calpeño,
Carlos Pérez-Jiménez,
Miguel Ángel Celis-Flores
Publication year - 2019
Publication title -
revista de administración y finanzas
Language(s) - English
Resource type - Journals
ISSN - 2410-342X
DOI - 10.35429/jaf.2019.19.6.1.8
Subject(s) - valuation (finance) , actuarial science , market value , intellectual property , income approach , economics , business , risk analysis (engineering) , computer science , accounting , operating system
The aim of this investigation is to identify determinants of value considered in the proposals which have emerged during 2013-2018 regarding patents valuation, and to stablish if these elements appeared as proposals to eliminate the limitations that the classic valuation methods could present. The methodology used includes a review in the Web of Science and EBSCOhost databases using keywords; first, to identify whether there were authors who mentioned limitations in classical quantitative valuation methods, such as cost, market and income; later, to recognize if they addressed any of these limitations through new indicators. The results show that the new approaches do possitively address the limitations detected in the so-called classic valuation methodologies; we found 42 indicators for valuing intellectual property, 11 of which are the most mentioned in new proposals. These results contribute to the patent valuation process, by expanding the range of indicators used to determine their value.