The Information Content of Royalty Income

2004 ◽  
Vol 18 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Feng Gu ◽  
Baruch Lev
Keyword(s):  
Information Content ◽  
Intangible Assets ◽  
High Tech ◽  
Patent Licensing ◽  
Financial Reports ◽  
Quarter Century ◽  
Steep Increase ◽  
The Past ◽  
Corporate Growth

The rise of intangible assets in size and contribution to corporate growth over the past quarter century was accompanied by a steep increase in the rate and scope of patenting. Consequently, many patent-rich companies, particularly in the science-based and high-tech industries, are extensively engaged in the licensing and sale of patents. We examine various valuation and disclosure aspects of the outcome of patent licensing—royalty income. Our findings indicate the following: (1) royalty income is highly relevant to securities valuation, (2) the intensity of royalty income provides investors with an important signal about the quality and prospects of firms' R&D expenditures, and (3) a substantial number of companies engaged in patent licensing do not disclose royalty income in financial reports.

Arab Historical Writing

2018 ◽  
Author(s):  
Youssef M. Choueiri
Keyword(s):  
Western Europe ◽  
Arab World ◽  
Colonial History ◽  
Historical Writing ◽  
Quarter Century ◽  
The Past ◽  
Historical Writings ◽  
Arabic World

This chapter traces the principal historiographical developments in the Arab world since 1945. It is divided into two major parts. The first part deals with the period extending from 1945 to 1970. During this period the discourse of either socialism or nationalism permeated most historical writings. The second part presents the various attempts made to decolonize, rewrite, or theorize history throughout the Arab world. The chapter then shows how in the various states of the Arabic world—some but not all of which have become fundamentalist Islamic regimes—Western models continued to be followed, though often with a more explicitly socialist approach than would be the case in America or Western Europe. By the 1970s, well before the shake-up of radical Islamicization that has dominated the past quarter-century, the entire Arabic world began to push hard against the dominance of residual Western colonial history.

scholarly journals Restoring the real world records in Men’s swimming without high-tech swimsuits

2020 ◽  
Vol 16 (4) ◽  
pp. 291-300
Author(s):  
Zhenyu Gao ◽  
Yixing Li ◽  
Zhengxin Wang
Keyword(s):  
Real World ◽  
Technical Skills ◽  
High Tech ◽  
Training Methods ◽  
Strong Indication ◽  
The Real ◽  
The Past ◽  
Optimal Estimates ◽  
World Records ◽  
And Training

AbstractThe recently concluded 2019 World Swimming Championships was another major swimming competition that witnessed some great progresses achieved by human athletes in many events. However, some world records created 10 years ago back in the era of high-tech swimsuits remained untouched. With the advancements in technical skills and training methods in the past decade, the inability to break those world records is a strong indication that records with the swimsuit bonus cannot reflect the real progressions achieved by human athletes in history. Many swimming professionals and enthusiasts are eager to know a measure of the real world records had the high-tech swimsuits never been allowed. This paper attempts to restore the real world records in Men’s swimming without high-tech swimsuits by integrating various advanced methods in probabilistic modeling and optimization. Through the modeling and separation of swimsuit bias, natural improvement, and athletes’ intrinsic performance, the result of this paper provides the optimal estimates and the 95% confidence intervals for the real world records. The proposed methodology can also be applied to a variety of similar studies with multi-factor considerations.

American Institutional Studies: Present Knowledge and Past Trends

1971 ◽  
Vol 31 (1) ◽  
pp. 87-105 ◽  
Author(s):  
James H. Soltow
Keyword(s):  
Economic Theory ◽  
Economic History ◽  
Present Knowledge ◽  
Quarter Century ◽  
The Past

The production of economic history, like that in many fields of scholarly endeavor, increased sharply in the past quarter-century, compared to the rate of output in earlier eras. While the “new” economic history, with its emphasis on economic theory and measurement, has attracted considerable attention during the last decade, “traditional” economic history, written along institutional lines, has continued to be significant, both quantitatively (in terms of numbers of books and articles) and qualitatively (as assessed by contributions to our understanding of economic processes.)

scholarly journals The Influence of R&D Intensity on Financial Performance: The Mediating Role of Human Capital in the Semiconductor Industry in Taiwan

2020 ◽  
Vol 12 (12) ◽  
pp. 5128
Author(s):  
Tsung-Chun Chen ◽  
Yenchun Jim Wu
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Capital Investment ◽  
Performance Metrics ◽  
Intangible Assets ◽  
Semiconductor Industry ◽  
Value Added ◽  
Positive Influence ◽  
High Tech ◽  
The Relationship

Knowledge transfer is a strategy used by high-tech companies to acquire new knowledge and skills. Knowledge can be internally generated or externally sourced. The access to external knowledge is a quick fix, but the risks associated with reliance on external sources are often overlooked. However, not acquiring such knowledge is even riskier. There have been a slew of litigations in the semiconductor industry in recent years. The acquisition and assurance of intangible assets is an important issue. This paper posits that internal R&D should take into consideration the knowledge intensity and capital investment in the industry. This study focuses on the relationship between intangible assets and financial performance. It sourced the 2004 to 2016 financial data of semiconductor companies in Taiwan for panel data modeling and examined case studies for empirical validation. This study found that the higher the R&D intensity (RDI) in the value-added component of human capital, the better the financial performance of the company. RDI has a positive influence on the accumulation of human capital and financial performance metrics, and such influence is deferred. Meanwhile, human capital is a mediating factor in the relationship between RDI and financial performance. RDI is integral to the semiconductor industry’s pursuit of business sustainability.

Perspectives on the active volcanoes of China

2021 ◽  
pp. SP510-2021-87
Author(s):  
Jiandong Xu ◽  
Clive Oppenheimer ◽  
James O. S. Hammond ◽  
Haiquan Wei
Keyword(s):  
Hainan Island ◽  
Special Volume ◽  
Quarter Century ◽  
The Past ◽  
Special Publication ◽  
Current State ◽  
International Collaborations ◽  
Comprehensive Survey ◽  
Natural Laboratory ◽  
Active Volcanoes

AbstractChina ishas a rich record of Holocene volcanism that is relatively little known outside the country. It is encountered in home to a number of volcanoes that have erupted in the Holocene. These range from large stratovolcanoes in the northeast, linked to subduction of the pPacific plate (e.g., Changbaishan); in , more diffuse volcanismsmaller volcanoes on the edges of the TibetTibetan margin, linked toassociated with the collision of India and AEurasia (e.g., Tengchong, Ashishan), and more isolated regions of volcanismcentres possibly linked topossibly resulting from mantle upwelling (e.g., volcanoes in Hainan island). This makes China a natural laboratory for studyingstudies of intraplate volcanism, yet the study of volcanology in China is young, with a significant increase in research only over the last 25 yearsand significant progress in understanding its nature and origins has been made over the past quarter century. To highlight recent advances and the current state of knowledge, thisHere, we introduce the first publication in English to provide a comprehensive survey of the state of knowledge and research highlights. special volume presents the first compilation of research on the active volcanoes of China in English. This first paper introduces the book, which coversAccordingly, we provide an overview of the dynamics, geology, geochemistry, volcanic histories and geophysical studies of the 14 volcanoesvolcanic areas that have erupted in theassociated with Holocene documented thus far. Our hope is that this special publication acts as The special publication represents a benchmark reference on the topic but, as importantly, we hope it will stimulatea resource to allow new, international collaborations to be developed to help understandaimed at deepening our understanding of the origins, history, hazards and associated risks from future eruptions of China's volcanoes.

Lignin-containing cellulose nanomaterials: preparation and applications

2021 ◽  
Author(s):  
Kun Liu ◽  
Haishun Du ◽  
Ting Zheng ◽  
Wei Liu ◽  
Meng Zhang ◽  
...  
Keyword(s):  
High Tech ◽  
Functional Nanomaterials ◽  
The Past ◽  
Cellulose Nanomaterials

In the past few years, cellulose nanomaterials obtained from lignocellulose have attracted extensive attention as functional nanomaterials with excellent properties and great application potentials in a variety of high-tech fields....

Ascesa e declino dell'editoria psicoanalitica americana

2009 ◽  
pp. 9-46
Author(s):  
Paul E. Stepansky
Keyword(s):  
World War Ii ◽  
Book Publishing ◽  
The United States ◽  
Erik Erikson ◽  
World War ◽  
Erich Fromm ◽  
Quarter Century ◽  
The Past ◽  
Karen Horney ◽  
Internal Fragmentation

- The rise and fall of psychoanalytic book publishing in America is one sign of the progressive marginalization of psychoanalysis within American mental health care. The "glory era" of psychoanalytic book publishing, roughly the quarter century following the end of World War II, is described. This was the era when psychoanalyst-authors such as Karl Menninger, Erich Fromm, Erik Erikson, and Karen Horney published books of great commercial success. Cumulative sales data of noteworthy psychoanalytic books published in the United States over the past 70 years are reported, and document the continuous decline in sales since the 1970s. In accounting for the recent acceleration of this decline, Stepansky focuses on the internal fragmentation of a once cohesive profession into rival schools with sectarian features, each committed to a self-limited reading agenda. Stepansky discusses these issues from his vantage point as Managing Director of The Analytic Press from 1984-2006. [KEY WORDS: American psychoanalysis, publishing, books, fractionation, marginalization]

Interaction of Russian business with science: Points of contact and stumbling blocks

2021 ◽  
pp. 103-138
Author(s):  
Yu. V. Simachev ◽  
M. G. Kuzyk
Keyword(s):  
New Products ◽  
The State ◽  
High Tech ◽  
Institutional Interaction ◽  
Russian Science ◽  
Academic Organizations ◽  
The Past ◽  
Domestic Science ◽  
Research Organizations ◽  
The Impact

The paper assesses the influence of science–business cooperation on the activity of firms, analyzes the factors of interaction of Russian companies with academic organizations and universities in the research sphere, identifies barriers to the development of cooperation between business and science. It has been established that companies whose source of innovation was external R&D were more likely to grow over the past 5 years and to create new products. However, a significant effect of the impact of cooperation with domestic research organizations was found only for the dynamics of exports. It is shown that cooperation with domestic science is more typical for high-tech industries and large Russian businesses. The factor inducing firms to outsource research is a significant level of competition. The high cost of external research services and their insufficient quality hinder the development of scientific and production cooperation. One can point to such a barrier as low interest of research organizations in the volume of orders that firms can offer. This is caused by weak institutional change in the Russian science, preservation of its orientation at the state and major players, which significantly limits the opportunities for institutional interaction of small innovative firms with science. It has been shown that the state quite effectively “pushes” companies to interact with research organizations and universities, but the results of such interaction are often unsatisfactory for firms.

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