Impacts of intangible assets on the initial public offering of biotechnology startups

Nobuya Fukugawa

Economics Letters, 2012, vol. 116, issue 1, 83-85

Abstract: This study examined how intangible assets of Japanese biotechnology startups affected their intention to go public at one point and their actual initial public offering. Simple patent counts did not affect startups’ intention to go public in 2005. Among several indicators of patent quality, forward citations were found to have positive impacts on whether startups went public by 2009.

Keywords: Patents; Biotechnology; Initial public offering; Intangible assets; Japan (search for similar items in EconPapers)
JEL-codes: O30 O32 O34 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:116:y:2012:i:1:p:83-85

DOI: 10.1016/j.econlet.2012.01.012

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