New value determinants to expand the scope of traditional patent valuation methodologies

Abstract

The aim of this investigation is to identify determinants of value considered in the proposals which have emerged during 2013-2018 regarding patents valuation, and to stablish if these elements appeared as proposals to eliminate the limitations that the classic valuation methods could present. The methodology used includes a review in the Web of Science and EBSCOhost databases using keywords; first, to identify whether there were authors who mentioned limitations in classical quantitative valuation methods, such as cost, market and income; later, to recognize if they addressed any of these limitations through new indicators. The results show that the new approaches do possitively address the limitations detected in the so-called classic valuation methodologies; we found 42 indicators for valuing intellectual property, 11 of which are the most mentioned in new proposals. These results contribute to the patent valuation process, by expanding the range of indicators used to determine their value.