Valuation of innovation: The case of iPhone
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Korkeamäki, Timo & Takalo, Tuomas, 2012. "Valuation of innovation: the case of iPhone," Bank of Finland Research Discussion Papers 24/2012, Bank of Finland.
References listed on IDEAS
- David M. Cutler & Lawrence H. Summers, 1988.
"The Costs of Conflict Resolution and Financial Distress: Evidence from the Texaco-Pennzoil Litigation,"
RAND Journal of Economics, The RAND Corporation, vol. 19(2), pages 157-172, Summer.
- David M. Cutler & Lawrence H. Summers, 1987. "The Costs of Conflict Resolution and Financial Distress: Evidence from the Texaco-Pennzoil Litigation," NBER Working Papers 2418, National Bureau of Economic Research, Inc.
- Summers, Lawrence H. & Cutler, David, 1988. "The Costs of Conflict Resolution and Financial Distress: Evidence from the Texaco-Pennzoil Litigation," Scholarly Articles 2689179, Harvard University Department of Economics.
- Jerry R. Green & Suzanne Scotchmer, 1995.
"On the Division of Profit in Sequential Innovation,"
RAND Journal of Economics, The RAND Corporation, vol. 26(1), pages 20-33, Spring.
- Green, J.R. & Scotchmer, S., 1993. "On the Division of Profit in Sequential Innovation," Harvard Institute of Economic Research Working Papers 1638, Harvard - Institute of Economic Research.
- Tkac, Paula A., 1999. "A Trading Volume Benchmark: Theory and Evidence," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 34(1), pages 89-114, March.
- Bronwyn H. Hall & Adam Jaffe & Manuel Trajtenberg, 2005.
"Market Value and Patent Citations,"
RAND Journal of Economics, The RAND Corporation, vol. 36(1), pages 16-38, Spring.
- Hall, Bronwyn H. & Jaffe, A & Trajtenberg, M, 2005. "Market value and patent citations," Department of Economics, Working Paper Series qt0cs6v2w7, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Zvi Griliches, 1984.
"Market Value, R&D, and Patents,"
NBER Chapters, in: R&D, Patents, and Productivity, pages 249-252,
National Bureau of Economic Research, Inc.
- Griliches, Zvi, 1981. "Market value, R&D, and patents," Economics Letters, Elsevier, vol. 7(2), pages 183-187.
- Carl Shapiro, 2001.
"Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard Setting,"
NBER Chapters, in: Innovation Policy and the Economy, Volume 1, pages 119-150,
National Bureau of Economic Research, Inc.
- Shapiro, Carl, 2000. "Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard-Setting," Competition Policy Center, Working Paper Series qt4hs5s9wk, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Carl Shapiro, 2004. "Navigating the Patent Thicket: Cross Licenses, Patent Pools and Standard Setting," Levine's Working Paper Archive 122247000000000539, David K. Levine.
- Carl Shapiro, 2003. "Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard-Setting," Law and Economics 0303005, University Library of Munich, Germany.
- James Bessen & Robert M. Hunt, 2007.
"An Empirical Look at Software Patents,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(1), pages 157-189, March.
- James Bessen & Robert M Hunt, 2004. "An Empirical Look at Software Patents," Levine's Working Paper Archive 122247000000000167, David K. Levine.
- James Bessen & Robert M. Hunt, 2004. "An empirical look at software patents," Working Papers 03-17, Federal Reserve Bank of Philadelphia.
- Karan Girotra & Christian Terwiesch & Karl T. Ulrich, 2007. "Valuing R& D Projects in a Portfolio: Evidence from the Pharmaceutical Industry," Management Science, INFORMS, vol. 53(9), pages 1452-1466, September.
- Nicholas Bloom & John Van Reenen, 2010.
"Why Do Management Practices Differ across Firms and Countries?,"
Journal of Economic Perspectives, American Economic Association, vol. 24(1), pages 203-224, Winter.
- Bloom, Nick & Van Reenen, John, 2010. "Why do management practices differ across firms and countries?," LSE Research Online Documents on Economics 47491, London School of Economics and Political Science, LSE Library.
- Nick Bloom & John Van Reenen, 2010. "Why do Management Practices Differ Across Firms and Countries?," CEP Occasional Papers 26, Centre for Economic Performance, LSE.
- Chaney, Paul K & Devinney, Timothy M & Winer, Russell S, 1991. "The Impact of New Product Introductions on the Market Value of Firms," The Journal of Business, University of Chicago Press, vol. 64(4), pages 573-610, October.
- Ashish Sood & Gerard J. Tellis, 2009. "Do Innovations Really Pay Off? Total Stock Market Returns to Innovation," Marketing Science, INFORMS, vol. 28(3), pages 442-456, 05-06.
- Sheng-Syan Chen & Kim Wai Ho & Kueh Hwa Ik, 2005. "The Wealth Effect of New Product Introductions on Industry Rivals," The Journal of Business, University of Chicago Press, vol. 78(3), pages 969-996, May.
- Bronwyn H. Hall & Grid Thoma & Salvatore Torrisi, 2009.
"Financial Patenting in Europe,"
NBER Working Papers
14714, National Bureau of Economic Research, Inc.
- Hall, Bronwyn H. & Thoma, Grid & Torrisi, Salvatore, 2010. "Financial Patenting in Europe," MERIT Working Papers 2010-011, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Austin, David H, 1993. "An Event-Study Approach to Measuring Innovative Output: The Case of Biotechnology," American Economic Review, American Economic Association, vol. 83(2), pages 253-258, May.
- Jyrki Ali-Yrkkö & Petri Rouvinen & Timo Seppälä & Pekka Ylä-Anttila, 2011.
"Who Captures Value in Global Supply Chains? Case Nokia N95 Smartphone,"
Journal of Industry, Competition and Trade, Springer, vol. 11(3), pages 263-278, September.
- Ali-Yrkkö, Jyrki & Rouvinen, Petri & Seppälä, Timo & Ylä-Anttila, Pekka, 2011. "Who Captures Value in Global Supply Chains? Case Nokia N95 Smartphone," Discussion Papers 1240, The Research Institute of the Finnish Economy.
- Lerner, Josh, 2006. "The new new financial thing: The origins of financial innovations," Journal of Financial Economics, Elsevier, vol. 79(2), pages 223-255, February.
- A. Craig MacKinlay, 1997. "Event Studies in Economics and Finance," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 13-39, March.
- Nicholas Bloom & John Van Reenen, 2002. "Patents, Real Options and Firm Performance," Economic Journal, Royal Economic Society, vol. 112(478), pages 97-116, March.
- Klaus Kultti & Tuomas Takalo & Juuso Toikka, 2006. "Simultaneous Model of Innovation, Secrecy, and Patent Policy," American Economic Review, American Economic Association, vol. 96(2), pages 82-86, May.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Korkeamäki, Timo & Takalo, Tuomas, 2010.
"Valuation of innovation: The case of iPhone,"
MPRA Paper
28042, University Library of Munich, Germany.
- Korkeamäki, Timo & Takalo, Tuomas, 2012. "Valuation of innovation : the case of iPhone," Research Discussion Papers 24/2012, Bank of Finland.
- repec:zbw:bofrdp:2012_024 is not listed on IDEAS
- Michael Noel & Mark Schankerman, 2013.
"Strategic Patenting and Software Innovation,"
Journal of Industrial Economics, Wiley Blackwell, vol. 61(3), pages 481-520, September.
- Noel, Michael & Schankerman, Mark, 2006. "Strategic patenting and software innovation," LSE Research Online Documents on Economics 4653, London School of Economics and Political Science, LSE Library.
- Noel, Michael & Schankerman, Mark, 2013. "Strategic patenting and software innovation," LSE Research Online Documents on Economics 57372, London School of Economics and Political Science, LSE Library.
- Noel, Michael & Schankerman, Mark, 2006. "Strategic patenting and software innovation," LSE Research Online Documents on Economics 3727, London School of Economics and Political Science, LSE Library.
- Michael Noel & Mark Schankerman, 2006. "Strategic Patenting and Software Innovation," STICERD - Economics of Industry Papers 43, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Schankerman, Mark & Noel, Michael D., 2006. "Strategic Patenting and Software Innovation," CEPR Discussion Papers 5701, C.E.P.R. Discussion Papers.
- Michael Noel & Mark Schankerman, 2006. "Strategic Patenting and Software Innovation," CEP Discussion Papers dp0740, Centre for Economic Performance, LSE.
- Dirk Czarnitzki & Katrin Hussinger & Bart Leten, 2020. "How Valuable are Patent Blocking Strategies?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 56(3), pages 409-434, May.
- Bronwyn H. Hall, 2009.
"Business And Financial Method Patents, Innovation, And Policy,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(4), pages 443-473, September.
- Bronwyn H. Hall, 2009. "Business and Financial Method Patents, Innovation, and Policy," NBER Working Papers 14868, National Bureau of Economic Research, Inc.
- Hall, Bronwyn H., 2010. "Business and financial method patents, innovation, and policy," MERIT Working Papers 2010-010, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
- Mark A. Lemley & Carl Shapiro, 2005.
"Probabilistic Patents,"
Journal of Economic Perspectives, American Economic Association, vol. 19(2), pages 75-98, Spring.
- Lemley, Mark A. & Shapiro, Carl, 2004. "Probabilistic Patents," Competition Policy Center, Working Paper Series qt9xf1488p, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
- Shailu Singh, 2018. "Patenting Matters, Not Patents: Firm Market Value in Indian Manufacturing," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 12(1), pages 67-87, February.
- Hall, Bronwyn H. & MacGarvie, Megan, 2010.
"The private value of software patents,"
Research Policy, Elsevier, vol. 39(7), pages 994-1009, September.
- Bronwyn H. Hall & Megan MacGarvie, 2006. "The Private Value of Software Patents," NBER Working Papers 12195, National Bureau of Economic Research, Inc.
- Federico Munari & Raffaele Oriani (ed.), 2011. "The Economic Valuation of Patents," Books, Edward Elgar Publishing, number 13561.
- Serena Morricone & Raffaele Oriani, 2011. "Stock Market Valuation of Patent Portfolios," Chapters, in: Federico Munari & Raffaele Oriani (ed.), The Economic Valuation of Patents, chapter 13, Edward Elgar Publishing.
- Wen Wen & Marco Ceccagnoli & Chris Forman, 2013. "Patent Commons, Thickets, and Open Source Software Entry by Start-Up Firms," NBER Working Papers 19394, National Bureau of Economic Research, Inc.
- Sandner, Philipp G. & Block, Joern, 2011. "The market value of R&D, patents, and trademarks," Research Policy, Elsevier, vol. 40(7), pages 969-985, September.
- Chondrakis, George, 2016. "Unique synergies in technology acquisitions," Research Policy, Elsevier, vol. 45(9), pages 1873-1889.
- repec:bla:scotjp:v:56:y:2009:i:s1:p:443-473 is not listed on IDEAS
- Wen Wen & Marco Ceccagnoli & Chris Forman, 2016. "Opening Up Intellectual Property Strategy: Implications for Open Source Software Entry by Start-up Firms," Management Science, INFORMS, vol. 62(9), pages 2668-2691, September.
- Iain M. Cockburn & Megan J. MacGarvie, 2011.
"Entry and Patenting in the Software Industry,"
Management Science, INFORMS, vol. 57(5), pages 915-933, May.
- Iain M. Cockburn & Megan J. MacGarvie, 2006. "Entry and Patenting in the Software Industry," NBER Working Papers 12563, National Bureau of Economic Research, Inc.
- McGahan, Anita M. & Silverman, Brian S., 2006. "Profiting from technological innovation by others: The effect of competitor patenting on firm value," Research Policy, Elsevier, vol. 35(8), pages 1222-1242, October.
- Hall, Bronwyn H. & Oriani, Raffaele, 2006.
"Does the market value R&D investment by European firms? Evidence from a panel of manufacturing firms in France, Germany, and Italy,"
International Journal of Industrial Organization, Elsevier, vol. 24(5), pages 971-993, September.
- Bronwyn H. Hall & Raffaele Oriani, 2004. "Does the Market Value R&D Investment by European Firms? Evidence from a Panel of Manufacturing Firms in France, Germany, and Italy," NBER Working Papers 10408, National Bureau of Economic Research, Inc.
- Hall, Bronwyn H. & Oriani, R, 2006. "Does the market value R&D investment by European firms? Evidence from a panel of manufacturing firms in France, Germany, and Italy," Department of Economics, Working Paper Series qt8wc513c1, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Aalbers, Rob & Shestalova, Victoria & Kocsis, Viktória, 2013. "Innovation policy for directing technical change in the power sector," Energy Policy, Elsevier, vol. 63(C), pages 1240-1250.
- Yann Ménière & Sarah Parlane, 2008.
"Innovation in the Shadow of Patent Litigation,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 32(2), pages 95-111, March.
- Yann Ménière & Sarah Parlane, 2008. "Innovation in the Shadow of Patent Litigation," Post-Print hal-00397130, HAL.
- Karan Girotra & Christian Terwiesch & Karl T. Ulrich, 2007. "Valuing R& D Projects in a Portfolio: Evidence from the Pharmaceutical Industry," Management Science, INFORMS, vol. 53(9), pages 1452-1466, September.
- Lee G. Branstetter & Matej Drev & Namho Kwon, 2019.
"Get with the Program: Software-Driven Innovation in Traditional Manufacturing,"
Management Science, INFORMS, vol. 65(2), pages 541-558, February.
- Lee G. Branstetter & Matej Drev & Namho Kwon, 2015. "Get With the Program: Software-Driven Innovation in Traditional Manufacturing," NBER Working Papers 21752, National Bureau of Economic Research, Inc.
More about this item
Keywords
innovation; R&D; patent; iPhone; valuation;All these keywords.
JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CFN-2011-01-23 (Corporate Finance)
- NEP-INO-2011-01-23 (Innovation)
- NEP-IPR-2011-01-23 (Intellectual Property Rights)
- NEP-TID-2011-01-23 (Technology and Industrial Dynamics)
Statistics
Access and download statisticsCorrections
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:pra:mprapa:28042. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.