Patent Protection, Market Uncertainty, and R&D Investment

Real options investment theory predicts current investment falls asuncertainty about market returns increases. In the case of R&D investment,which is usually considered an irreversible form of investment, this effectshould be quite pronounced. This paper tests the real options predictionabout the R&D investment uncertainty relationship and further considershow patent protection influences this relationship...

MoreLess

Year of publication:	2008-02-01
Authors:	Czarnitzki, Dirk ; Toole, Andrew A.
Institutions:	Zentrum für Europäische Wirtschaftsforschung <Mannheim>
Subject:	Investitionstheorie \| Optionspreistheorie \| Rendite \| Patentschutz

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	281600 bytes 31 p. application/pdf
Series:	ZEW - Zentrum für Europäische Wirtschaftsforschung - Discussion Papers Discussion Paper ; No. 06-056
Type of publication:	Book / Working Paper
Language:	English
Classification:	C25 - Discrete Regression and Qualitative Choice Models ; O31 - Innovation and Invention: Processes and Incentives ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; Financial theory ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005860932