Abstract

Changes in a firm's backward-dispersion patent-citation score are a useful, non-financial indicator of patent value that is positively-related to Tobin's q. V-scores, which analyze content patterns between patents' technological-class codes and those of their antecedents, provide contemporaneous information for investors to assess firms' economic prospects that is more time-sensitive than forward-looking information such as forward citations. V-score analysis offers useful insights about the nature of post-acquisition learning within technologically-tumultuous industries like media-services.

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Citation

Harrigan, Kathryn, Maria Chiara, Di Guardo, and Elona Marku. "Patent Value and the Tobin's q Ratio in Media-Services." The Journal of Technology Transfer 43, no. 1 (2018): 1-19.

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