Real Options and Intellectual Property : Capital Budgeting Under Imperfect Patent Protection - Philipp N. Baecker

Real Options and Intellectual Property

Capital Budgeting Under Imperfect Patent Protection

By: Philipp N. Baecker

Paperback | 10 January 2007

At a Glance

Paperback


$210.72

or 4 interest-free payments of $52.68 with

 or 

Aims to ship in 7 to 10 business days

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.

More in Finance

She's on the Money : Take Charge of Your Financial Future - Victoria Devine
The Algebra of Wealth : A Simple Formula for Success - Scott Galloway
Technofeudalism : What Killed Capitalism - Yanis Varoufakis

RRP $24.99

$22.50

10%
OFF
The Intelligent Investor Third Edition - Benjamin Graham

RRP $36.99

$29.75

20%
OFF
Sort Your Property Out : And Build Your Future - John Pidgeon

RRP $32.95

$26.95

18%
OFF
Australian Taxation : 3rd Edition - John Bevacqua

RRP $131.95

$115.35

13%
OFF
The Richest Man in Babylon - George S. Clason

RRP $16.99

$15.80

Management Accounting : 9th Edition - Kim Langfield-Smith

RRP $164.95

$151.25