Minimum Qualitative Variables to Value Patents by Technology-Based Firms

Authors

  • Sergio Gómez Faculty of Arts and Humanities, Metropolitan Institute of Technology (ITM), Medellín
  • Eliana Villa Administrative Sciences Department, Metropolitan Institute of Technology (ITM), Medellín
  • Claudia Nelcy Jiménez-Hernández Universidad Nacional de Colombia - Sede Bogotá - Facultad de Ciencias Agrarias, Bogotá

DOI:

https://doi.org/10.4067/S0718-27242019000200021

Keywords:

minimum qualitative variables, technology valuation, patent valuation, intangible assets, technology-based firms.

Abstract

Since the 1990’s, intangible assets such as patents have taken on importance in organizations and, as a result, several stakeholders are increasingly concerned about protecting, valuating, commercializing and negotiating technologies developed by patenting processes. This study aims to establish Minimum Qualitative Variables (MQVs) to support the valuation of patents by technology-based firms. The method to determine the MQVs was qualitative and based on a correlation matrix between MQVs identified in the literature and those suggested by experts. The results indicate that identifying such variables, especially the legal kind, is crucial to the valuation process because they suggest the possibility of producing and commercializing the technology in a given geographical context.

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Published

2019-07-29

How to Cite

Gómez, S., Villa, E., & Jiménez-Hernández, C. N. (2019). Minimum Qualitative Variables to Value Patents by Technology-Based Firms. Journal of Technology Management & Innovation, 14(2), 21–32. https://doi.org/10.4067/S0718-27242019000200021

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Research Articles

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