Adopting real estate valuation methodology to value patent

The need for an effective patent valuation methodology has being greatly spoken among researchers in recent years. An appropriate patent valuation method had become one of the factors in determining the success or failure of patent-based companies. However unlike real estate valuation methods, the a...

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Main Author:	Nordin, Muhammad Faris
Format:	Thesis
Language:	English
Published:	2017
Subjects:	HD1394-1394.5 Real estate management
Online Access:	http://eprints.utm.my/id/eprint/86048/1/MuhammadFarisNordinMFGHT2017.pdf
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spelling	my-utm-ep.860482020-08-30T08:49:48Z Adopting real estate valuation methodology to value patent 2017 Nordin, Muhammad Faris HD1394-1394.5 Real estate management The need for an effective patent valuation methodology has being greatly spoken among researchers in recent years. An appropriate patent valuation method had become one of the factors in determining the success or failure of patent-based companies. However unlike real estate valuation methods, the accounting method is said to be incapable in representing the worth of patent in which it was often undervalued. Apart from that, lack of universally agreed patent valuation model and no uniformity in patent valuation standard has become a hurdle towards computing the real value of patent. By exploring the characteristics and attributes of patent, it can be noted that the patent has many features that are synonymous with real estate. The aim of this study is to evaluate the similarities and differences between patent and real estate characteristics, and to assess real estate valuation methods capability to be adopted in valuing patent. Literature review, interviews as well as focus group discussions with experts in the various areas based study related to patent were conducted and analyzed through Content Analysis method in order to achieve the objectives of the study. As a result, characteristics between patent and real estate has been identified which are on the aspect of tangibility, interest, approach of methods, scope of right to exclude, obsolescent and duration of rights. These findings revealed that it is possible to value patents by adopting the real estate valuation methods especially when using the cost method and income based method. Future research specifically on the methodologies is needed to convince the market to adopt the real estate valuation methods in valuing patent as well as extended study on the promotion of real estate valuer’s role in patent valuation. 2017 Thesis http://eprints.utm.my/id/eprint/86048/ http://eprints.utm.my/id/eprint/86048/1/MuhammadFarisNordinMFGHT2017.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:132599 masters Universiti Teknologi Malaysia, Faculty of Geoinformation and Real Estate Faculty of Geoinformation and Real Estate
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	HD1394-1394.5 Real estate management
spellingShingle	HD1394-1394.5 Real estate management Nordin, Muhammad Faris Adopting real estate valuation methodology to value patent
description	The need for an effective patent valuation methodology has being greatly spoken among researchers in recent years. An appropriate patent valuation method had become one of the factors in determining the success or failure of patent-based companies. However unlike real estate valuation methods, the accounting method is said to be incapable in representing the worth of patent in which it was often undervalued. Apart from that, lack of universally agreed patent valuation model and no uniformity in patent valuation standard has become a hurdle towards computing the real value of patent. By exploring the characteristics and attributes of patent, it can be noted that the patent has many features that are synonymous with real estate. The aim of this study is to evaluate the similarities and differences between patent and real estate characteristics, and to assess real estate valuation methods capability to be adopted in valuing patent. Literature review, interviews as well as focus group discussions with experts in the various areas based study related to patent were conducted and analyzed through Content Analysis method in order to achieve the objectives of the study. As a result, characteristics between patent and real estate has been identified which are on the aspect of tangibility, interest, approach of methods, scope of right to exclude, obsolescent and duration of rights. These findings revealed that it is possible to value patents by adopting the real estate valuation methods especially when using the cost method and income based method. Future research specifically on the methodologies is needed to convince the market to adopt the real estate valuation methods in valuing patent as well as extended study on the promotion of real estate valuer’s role in patent valuation.
format	Thesis
qualification_level	Master's degree
author	Nordin, Muhammad Faris
author_facet	Nordin, Muhammad Faris
author_sort	Nordin, Muhammad Faris
title	Adopting real estate valuation methodology to value patent
title_short	Adopting real estate valuation methodology to value patent
title_full	Adopting real estate valuation methodology to value patent
title_fullStr	Adopting real estate valuation methodology to value patent
title_full_unstemmed	Adopting real estate valuation methodology to value patent
title_sort	adopting real estate valuation methodology to value patent
granting_institution	Universiti Teknologi Malaysia, Faculty of Geoinformation and Real Estate
granting_department	Faculty of Geoinformation and Real Estate
publishDate	2017
url	http://eprints.utm.my/id/eprint/86048/1/MuhammadFarisNordinMFGHT2017.pdf
_version_	1747818485692497920

Adopting real estate valuation methodology to value patent

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