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

Nobuya Fukugawa

doi:10.1016/j.econlet.2012.01.012

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

Nobuya Fukugawa

ENG - Management Science and Technology

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

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.

Original language	English
Pages (from-to)	83-85
Number of pages	3
Journal	Economics Letters
Volume	116
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2012.01.012
Publication status	Published - 2012 Jul

Keywords

Biotechnology
Initial public offering
Intangible assets
Japan
Patents

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2012.01.012

Cite this

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title = "Impacts of intangible assets on the initial public offering of biotechnology startups",

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 = "Biotechnology, Initial public offering, Intangible assets, Japan, Patents",

author = "Nobuya Fukugawa",

note = "Funding Information: This research was supported by Grants-in-Aid for scientific research from the Japan Society for the Promotion of Science ( 20243018 , 23730225 ).",

year = "2012",

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PY - 2012/7

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N2 - 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.

AB - 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.

KW - Biotechnology

KW - Initial public offering

KW - Intangible assets

KW - Japan

KW - Patents

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DO - 10.1016/j.econlet.2012.01.012

M3 - Article

AN - SCOPUS:84857014309

SN - 0165-1765

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SP - 83

EP - 85

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

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

Abstract

Keywords

ASJC Scopus subject areas

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