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