Korkeamäki, Timo and Takalo, Tuomas (2010): Valuation of innovation: The case of iPhone. Unpublished.
Abstract:
We estimate the private value of Apple’s iPhone by observing abnormal stock market reactions to news announcements and patent publications related to the innovation. Our estimate of the lower bound on the market valuation of iPhone is fairly high, at minimum 30 billion U.S. (event day) dollars. We find that patentable technology explains about 25% of that total value. We also find a weak negative reaction among Apple’s rivals to the news about iPhone but no significant reaction to the publication of patent documents concerning iPhone can be observed. The evidence suggests that the value of iPhone primarily stems from Apple’s management and marketing abilities and efforts rather than from underlying "hard" technologies and intellectual property.
Showing posts with label R-and-D. Show all posts
Showing posts with label R-and-D. Show all posts
Wednesday, February 9, 2011
Tuesday, January 4, 2011
January 5th Links
1. For those interested in maximum likelihood estimation techniques, Vincent Granville discusses the method of steepest ascent in relation to Google's search algorithm.
2. The Economist: "Only a few fast-developing countries, such as Brazil and China, now seem short of PhDs."
3. U.S. Council of Graduate Schools: The Ph.D. Completion Project
4. Yesterday it was announced that Irish property prices fell back to 2002 levels in 2010, according to reports from MyHome.ie and Sherry Fitzgerald; so it is interesting to read this SSISI paper (2007) by P.J. Drudy which "argues that Ireland’s housing problems stem in part from a particular philosophical orientation which supports the 'commodification' of housing".
5. The (U.K.) Royal Statistical Society "Get Stats" Campaign: 'giving everyone the skills and confidence to use numbers well'.
6. Researchers at Harvard have found a way of using the iPhone to measure people’s moods and have found a correlation between daydreaming and unhappiness.
7. The new Happiness Index to gauge Britain's national mood.
8. The regional impacts of Northern Irish HEIs.
9. Tom McKenzie and Dirk Sliwka: Universities as Stakeholders in their Students' Careers: On the Benefits of Graduate Taxes to Finance Higher Education.
10. CNN Money: Should companies offer sabbaticals?
11. Damien Mulley: "Failure" and Enterprise Culture in Ireland.
2. The Economist: "Only a few fast-developing countries, such as Brazil and China, now seem short of PhDs."
3. U.S. Council of Graduate Schools: The Ph.D. Completion Project
4. Yesterday it was announced that Irish property prices fell back to 2002 levels in 2010, according to reports from MyHome.ie and Sherry Fitzgerald; so it is interesting to read this SSISI paper (2007) by P.J. Drudy which "argues that Ireland’s housing problems stem in part from a particular philosophical orientation which supports the 'commodification' of housing".
5. The (U.K.) Royal Statistical Society "Get Stats" Campaign: 'giving everyone the skills and confidence to use numbers well'.
6. Researchers at Harvard have found a way of using the iPhone to measure people’s moods and have found a correlation between daydreaming and unhappiness.
7. The new Happiness Index to gauge Britain's national mood.
8. The regional impacts of Northern Irish HEIs.
9. Tom McKenzie and Dirk Sliwka: Universities as Stakeholders in their Students' Careers: On the Benefits of Graduate Taxes to Finance Higher Education.
10. CNN Money: Should companies offer sabbaticals?
11. Damien Mulley: "Failure" and Enterprise Culture in Ireland.
Monday, October 18, 2010
Upcoming Talks on Science, Innovation and the Economy
10th November: Panel Discussion: What's Smart about Ireland's Smart Economy in 2010?
A panel discussion with Dick Ahlstrom (chairman), Science Editor of the Irish Times; Professor John FitzGerald, ESRI; Dr Brian Kelly, CEO of Celtic Catalysts; Karlin Lillington, Technology journalist, Sean O’Driscoll (CEO Glen Dimplex) and Ferdinand von Prondzynski, former President of Dublin City University.
Organisers: Royal Irish Academy and the Irish Times
Admission is free but booking is essential.
11th November: The Long Debate: Debate on the Innovation Taskforce Report
Taking place in the NDRC on the 11th of November, the debate will draw on the findings of the Innovation Taskforce report.
Launched in March 2010, the report sets out recommendations for developing Ireland into an International Innovation Hub. Members of the Taskforce, including some of Ireland’s leading economic commentators, industry and government members, academics, creatives and entrepreneurs will be in attendance to discuss the nature of innovation within Ireland.
Organisers: Inventorium
Debate: 19.00-22.00
NDRC, Crane St, Digital Hub, Dublin 8
Registration for this event is essential.
17th November: Panel Discussion: Can Science be a Business?
A panel discussion with Dick Ahlstrom (chairman), Science Editor of the Irish Times; Professor Luke O’Neill, TCD; Dr Ena Prosser, Fountain Healthcare Partners; Professor Mark O’Malley, UCD; Professor Emmeline Hill (UCD).
Organisers: Royal Irish Academy and the Irish Times
Admission is free but booking is essential.
Tuesday, September 7, 2010
Assorted Links: 7th September 2010
1. The Hewlett Packard Social Computing Lab focuses on 'methods for harvesting the collective intelligence of groups of people in order to realise greater value from the interaction between users and information'.
2. "The agony and the ecstasy: the history and meaning of the Journal Impact Factor" (Garfield and Sher, 2005).
3. Measurement of administrative burden imposed on Irish business by Central Statistics Office inquiries
4. http://www.bundle.com: Track your spending
5. DIT School of Computing launches a new master's programme in data analytics
6. A story on the OECD's Education at a Glance 2010, in today's Irish Independent: "For every €7 spent on a primary pupil, nine is spent on second level and 12 is spent on third level".
7. Another Irish Independent story: the mechanics of random selection in the CAO application process
8. Bloomberg Businessweek: The World's 50 Most Innovative Companies
9. Below is a video from the OECD showing the importance of tax credits for understanding government funding of research and development (R&D). When tax credits are taken into account, Korea spends the most (as a percentage of GDP) on R&D. Canada spends ten times more on R&D tax credits than it does on direct funding for R&D.
2. "The agony and the ecstasy: the history and meaning of the Journal Impact Factor" (Garfield and Sher, 2005).
3. Measurement of administrative burden imposed on Irish business by Central Statistics Office inquiries
4. http://www.bundle.com: Track your spending
5. DIT School of Computing launches a new master's programme in data analytics
6. A story on the OECD's Education at a Glance 2010, in today's Irish Independent: "For every €7 spent on a primary pupil, nine is spent on second level and 12 is spent on third level".
7. Another Irish Independent story: the mechanics of random selection in the CAO application process
8. Bloomberg Businessweek: The World's 50 Most Innovative Companies
9. Below is a video from the OECD showing the importance of tax credits for understanding government funding of research and development (R&D). When tax credits are taken into account, Korea spends the most (as a percentage of GDP) on R&D. Canada spends ten times more on R&D tax credits than it does on direct funding for R&D.
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