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SUMMARY:MTEI Seminar by Prof. Michael Heeley\, Colorado School of Mines
DTSTART:20131118T100000
DTEND:20131118T113000
DTSTAMP:20260506T044849Z
UID:a00964fc28fad9c04087dacedf26bcbc9361e366d39f8baf0a658447
CATEGORIES:Conferences - Seminars
DESCRIPTION:Prof. Michael Heeley\, Colorado School of Mines\n"Capturing Va
 lue Through Patenting: An Exploration Of Dense Versus Dispersed Patent Por
 tfolios"Abstract\nThe importance of patented inventions in generating firm
  value has long been recognized. In this research\, we investigate the ass
 umption that dense patent portfolios are generally associated with increas
 ed value and argue that in certain contexts\, dispersed portfolios will ac
 tually be more positively associated with firm value. We hypothesize that 
 the recency (or age) of the knowledge underlying the patent portfolio and 
 the competitiveness of the technological environment moderate the patent p
 ortfolio density–firm value relationship. We find that dense patent port
 folios are associated with increased stock returns when the technological 
 knowledge base is mature and industry technological competitiveness is hig
 h. However\, dispersed patent portfolios are associated with increased sto
 ck returns when the technological knowledge base is nascent and industry t
 echnological competitiveness is low. As such\, we make an important theore
 tical contribution by showing when firm value is best promoted through cre
 ating stronger versus weaker barriers around innovations.
LOCATION:ODY 4.03 - VIP Room http://plan.epfl.ch/?zoom=20&recenter_y=58638
 00.12869&recenter_x=731560.22521&layerNodes=fonds\,batiments\,labels\,info
 rmation\,parkings_publics\,arrets_metro&floor=4&q=ODY_4.03
STATUS:CONFIRMED
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