{"product_id":"real-options-and-intellectual-property-capital-budgeting-under-imperfect-patent-protection-von-philipp-n-baecker","title":"Real Options and Intellectual Property","description":"\n                                \n                \u003cp\u003eOver the last years, due to intensive competition in the knowledge economy, legal aspects surrounding intellectual property (IP) rights - including litigation and settlement - have continuously gained in importance. Correspondingly, professional IP management has become an indispensable element of successful value-based management (VBM) in research-intensive firms.\u003c\/p\u003e\n                                \n                \n                \u003cp\u003eWith this text, the author proposes an integrated approach to patent risk and capital budgeting in pharmaceutical research and development (R and D), developing an option-based view (OBV) of imperfect patent protection, which draws upon contingent-claims analysis, stochastic game theory, as well as novel numerical methods. Bridging a widening gap between recent advances in the theory of financial analysis and current challenges faced by pharmaceutical companies, the text re-initiates a discussion about the contribution of quantitative frameworks to value-based R and D management.\u003c\/p\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783540482635\"\u003e\u003ch3\u003eCapital Budgeting Under Imperfect Patent Protection\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783540482635","offer_id":39426781380701,"sku":"9783540482635","price":106.99,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/01b36f03-2b83-4f39-915a-cd346c241520.jpg?v=1773467955","url":"https:\/\/shop.autorenwelt.de\/products\/real-options-and-intellectual-property-capital-budgeting-under-imperfect-patent-protection-von-philipp-n-baecker","provider":"Autorenwelt Shop","version":"1.0","type":"link"}