Cross-national Market Valuations of Patent Strategies

The traditional valuation approaches rely on the quantification of costs, revenues or market value of the patent assets. The market value model relying on the Tobin's q equation has seen several applications in literature, although most of its econometric analyses have regarded the Anglo-Saxon economies. More recently, the valuation approaches have attempted to appraise patent real options, which can be reconciled with the Tobin's q market value model. The paper presents several cross-national econometric evidences in support of this view.