IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04667979.html
   My bibliography  Save this paper

How sensitive is the financial market to potential signals from the European patent grant procedure for American companies?

Author

Listed:
  • Niaz Kammoun

    (IRG - Institut de Recherche en Gestion - UPEC UP12 - Université Paris-Est Créteil Val-de-Marne - Paris 12 - Université Gustave Eiffel)

  • Jean-Michel Sahut

    (IDRAC Business school Lyon - Institut pour le Développement et la Recherche d'Action Commerciale - Université de Lyon)

  • Lubica Hikkerova

    (IPAG Business School)

Abstract

Signaling 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.

Suggested Citation

  • Niaz Kammoun & Jean-Michel Sahut & Lubica Hikkerova, 2024. "How sensitive is the financial market to potential signals from the European patent grant procedure for American companies?," Post-Print hal-04667979, HAL.
    • Handle: RePEc:hal:journl:hal-04667979
    DOI: 10.3917/g2000.403.0060
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04667979. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.