Information Content of Business Methods Patents

Autor:	Tim Smaby, Greg Filbeck, Brian Boscaljon
Rok vydání:	2006
Předmět:	Finance Economics and Econometrics Industry classification Value creation Business process business.industry Event study Market reaction Stock price Economics Turning point business health care economics and organizations Industrial organization
Zdroj:	The Financial Review. 41:387-404
ISSN:	1540-6288 0732-8516
Popis:	We examine the market reaction to business method patents granted to publicly traded firms. Our findings suggest that the State Street decision represents a turning point not only for the growth in the number of business method patent filings, but also in the market's awareness and perception of value creation for the filing firms. The granting of a business method patent evokes a positive average stock price reaction, especially in the post-State Street period. Cross-sectional differences in abnormal returns depend on the type of patent granted. The market reaction also differs based on industry classification.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::1e078b91607d6b93e5d6368663c16ffb https://doi.org/10.1111/j.1540-6288.2006.00148.x Zobrazit plný text záznamu Plný text ve formátu PDF