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.
| Autorius: | Philipp N. Baecker |
| Serija: | Lecture Notes in Economics and Mathematical Systems |
| Leidėjas: | Springer Berlin Heidelberg |
| Išleidimo metai: | 2007 |
| Knygos puslapių skaičius: | 290 |
| ISBN-10: | 3540482636 |
| ISBN-13: | 9783540482635 |
| Formatas: | Knyga minkštu viršeliu |
| Kalba: | Anglų |
| Žanras: | Management decision making |
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