An Exploratory Study of Technological Regime as a Complementary Approach in Technology Valuation: Royalty as Example

• Main Authors: Yan-Ru Li, 李沿儒
• Other Authors: Yichih Chen
• Format: Others
• Language: zh-TW
• Published: 2005
• Online Access: http://ndltd.ncl.edu.tw/handle/61557743736878823643

博士 === 元智大學 === 管理研究所 === 93 === Technology valuation is a very important task that has provided the core information of high-tech investments and R&D decision-makings such as M&A, joint ventures, strategic alliances, co-development, and licensing. Researchers estimate the global scale of technology licensing in 1999 at up to $110 billion, and this number is 15 times the total investment of Taiwan’s optical-electronics industry in 2003 and 70 times the pre-tax revenues of TSMC. Technology valuation is not as the same as fixed assets, which should count from financial, technological, and strategic logic; thus, it is difficult in its nature. However, while researchers focus on financial and strategic viewpoints over the past years, this research develops a reasonable structure on the basis of s technological regime in order to complement the traditional viewpoints. This study reviews the materials of newspaper reports and journal articles from January 1999 to April 2005, and then we establish the conceptual structure on the basis of inductive reasoning. To ensure the construct validity, this study also implements critical incident research to collect experts’ opinions to be included in our constructs. Finally, this study discusses three complete cases and proposes several academic and managerial implications.