000			01835cam a2200253 4500500
005			20250121175234.0
041			_afre
042			_adc
100	1	0	_aKammoun, Niaz _eauthor
700	1	0	_a Sahut, Jean-Michel _eauthor
700	1	0	_a Hikkerova, Lubica _eauthor
245	0	0	_aHow sensitive is the financial market to potential signals from the European patent grant procedure for American companies?
260			_c2024.
500			_a93
520			_aSignaling companies’ value is a major issue as regards for new entrepreneurs and investors. Due to the large number and the diversity of developed inventions and innovations, we investigate the capacity of patents to promote key innovations and generate potential financial investment opportunities. Relying on a comprehensive dataset including detailed information of 142.669 European patents requested and held by US companies, we highlight financial market sensitivity to potential signals issued from granted patents during their life-cycle using event study methodology. Our research offers significant contributions to the existing debate and knowledge on the topic. The main contribution lies in the examination of relevant events occurring during the whole patent lifecycle as well as their impacts on financial valuation of holding companies. The methodological contribution consists in the use of event study methodology for intellectual assets. Lastly, managerial recommendations are proposed based on our results.
690			_aPatent
690			_aabnormal return
690			_asignal
690			_amarket reaction
690			_aeven study
690			_agrant procedure
786	0		_nManagement & Prospective | Volume 40 | 3 | 2024-04-22 | p. 60-73
856	4	1	_uhttps://shs.cairn.info/revue-gestion-2000-2023-3-page-60?lang=en&redirect-ssocas=7080
999			_c634766 _d634766