Over the last years, due to intensive competition in the knowledge economy, legal aspects surrounding intellectual property (IP) rights - including litigation and settlement - have continuously gained in importance. Correspondingly, professional IP management has become an indispensable element of successful value-based management (VBM) in research-intensive firms.
With this text, the author proposes an integrated approach to patent risk and capital budgeting in pharmaceutical research and development (R and D), developing an option-based view (OBV) of imperfect patent protection, which draws upon contingent-claims analysis, stochastic game theory, as well as novel numerical methods. Bridging a widening gap between recent advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management.
| ISBN: | 9783540482635 |
| Publication date: | 10th January 2007 |
| Author: | Philipp N Baecker |
| Publisher: | Springer an imprint of Springer Berlin Heidelberg |
| Format: | Paperback |
| Pagination: | 276 pages |
| Series: | Lecture Notes in Economics and Mathematical Systems |
| Genres: |
Business innovation Management decision making Operational research Applied mathematics Economic theory and philosophy Macroeconomics Finance and the finance industry Economics, Finance, Business and Management |
Over the last years, due to intensive competition in the knowledge economy, legal aspects surrounding intellectual property (IP) rights - including litigation and settlement - have continuously gained in importance. Correspondingly, professional IP management has become an indispensable element of successful value-based management (VBM) in research-intensive firms.
With this text, the author proposes an integrated approach to patent risk and capital budgeting in pharmaceutical research and development (R and D), developing an option-based view (OBV) of imperfect patent protection, which draws upon contingent-claims analysis, stochastic game theory, as well as novel numerical methods. Bridging a widening gap between recent advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management.
Real Options and Intellectual Property features in the following genres: Business innovation, Management decision making, Operational research, Applied mathematics, Economic theory and philosophy, Macroeconomics, Finance and the finance industry, Economics, Finance, Business and Management
Real Options and Intellectual Property is available in Paperback
Real Options and Intellectual Property was written by Philipp N Baecker and published by Springer an imprint of Springer Berlin Heidelberg
Real Options and Intellectual Property has 276 pages
Yes it is part of Lecture Notes in Economics and Mathematical Systems series