Valuation methods of asset-type cyclical industry: A case study of steel industry

Author(s):  
Xiaodan Chen ◽  
Guan Jiang
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yuri Basile Tukoff-Guimarães ◽  
Claudia Terezinha Kniess ◽  
Renato Penha ◽  
Mauro Silva Ruiz

Purpose The purpose of this paper is to assess how technology transfer offices (TTOs) of a public university of the state of São Paulo use patent valuation methods in the process of using developed technology value and transferring technology to industry. Design/methodology/approach This study is an exploratory qualitative investigation based on a case study conducted in a public university in the state of São Paulo. The university has a TTO and an internal structure for technology transfer. In-depth interviews were conducted with the TTO manager about patent valuation and the answers given were analysed. Findings The results on how TTOs use patent valuation methods in the process of assigning value to technology indicate which factors facilitate and which factors hinder the valuation of patents in technologies developed at universities. Research limitations/implications The possible lack of data disclosure due to confidentiality regarding royalties and trading fees makes further comparisons between Brazilian public universities difficult. Therefore, this study recommends that further studies on patent valuation and technology transfer process at private universities, research institutes and public and private companies should be performed. Practical implications In the practice, this study contributes to companies and TTOs by increasing their synergies in licensing negotiations, as well as by reducing the gap of information, between the business parties for assignment and transfer of technologies. With regard to theoretical contribution, this study can cite advances in the methods to measure the financial benefits arising from the valuation of technologies embedded in the patents. Originality/value Owing to the lack of research on the methods of valuation used by TTOs of Brazilian universities, the present study can be useful in serving as a theoretical source for future research and in supporting future TTO negotiations in the process of transferring technologies to productive industry.


2017 ◽  
Author(s):  
Michael J Madison

Assessments of the relationship among law, innovation, and economic growth often begin with one or more propositions of law or law practice and predict how changes might affect innovation or business practice. This approach is problematic when applied to questions of regional economic development, because historic and contemporary local conditions vary considerably. This paper takes a different tack. It takes a snapshot of one recovering post-industrial economy, in Pittsburgh, Pennsylvania, USA. For most of the 20th century, Pittsburgh's steelmakers were leading examples worldwide of American economic prowess. Pittsburgh was so vibrant with industry that a late 19th century travel writer called Pittsburgh "hell with the lid taken off," and he meant that as a compliment. In the early 1980s, however, Pittsburgh's steel economy collapsed, a victim of changing worldwide demand for steel and the industry's inflexible commitment to a large-scale integrated production model. As the steel industry collapsed, the Pittsburgh region collapsed, too. Unemployment in some parts of the Pittsburgh region peaked at 20%. More than 100,000 manufacturing jobs disappeared. Tens of thousands of residents moved away annually. Over the last 30 years, Pittsburgh has slowly recovered, building a new economy that balances limited manufacturing with a broad range of high quality services. In 2009, President Barack Obama took note of the region's rebirth by selecting the city to host a summit of the Group of 20 (G-20) finance ministers. The paper describes the characteristics of Pittsburgh today and measures the state of its renewal. It considers the extent, if any, to which law and the legal system have contributed to Pittsburgh's modern success, and it identifies lessons that this Pittsburgh case study might offer for other recovering and transitioning post-industrial regions.


2009 ◽  
pp. 353-367
Author(s):  
Edgar Gutierrez-Franco ◽  
Jairo R. Montoya-Torres ◽  
Luz Helena Mancera ◽  
Jaime Cabra
Keyword(s):  

2012 ◽  
Vol 13 (2) ◽  
pp. 235-275
Author(s):  
Joshua A. T. Salzmann

This essay examines the implications of rapid technological and economic change, or what economist Joseph Schumpeter called “creative destruction,” for the urban environment. Taking the Chicago River Harbor as a case study, it argues that industrial capitalism was marked by fundamental spatial and environmental contradictions that resulted in the frequent destruction and reinvention of urban landscapes. The essay shows how transformations in the Great Lakes shipping industry and the rise of the steel industry rendered Chicago River Harbor infrastructure obsolete. That obsolescence, in turn, sparked a public debate over whether the port should be retrofitted or if the river should be harnessed for different uses. So many stakeholders—streetcar companies, commuters, City Beautiful advocates, and sanitary engineers—had conflicting ideas about the use of the river that it was practically impossible to retrofit the port. The resulting decline of industrial freight traffic on the Chicago River enabled urban planner Daniel Burnham to reinvent the riverfront as a site of leisure and consumption.


Water Policy ◽  
2006 ◽  
Vol 8 (5) ◽  
pp. 415-434 ◽  
Author(s):  
Leon M. Hermans ◽  
Gerardo E. van Halsema ◽  
Henry F. Mahoo

Water valuation is needed to enable sound and well-informed decisions on the allocation and management of water resources. The existing methods for water valuation have an important potential and need to be further developed. Practical tools are especially urgently needed to aid implementation on the ground. There is a need to expand the scope of existing water valuation methods beyond the focus on economic values to also include social and environmental values. Also, water valuation needs to fit the constraints of data availability and expertise that are typically found in practice and should be stakeholder driven, addressing values that are of relevance to local stakeholders. This paper proposes a stakeholder-driven approach to water valuation, based on the use of different indicators to produce a mosaic of values that support water resources management by local stakeholders. The use of this approach is illustrated by a case study in Tanzania.


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