Abstract
<p><em>New challenges arises for government institutions engaged in research and engineering to continuously innovate and develop technologies that have competitive advantages and provide income for the country through royalty from licensed technology. This research carried out to valuate the aeronautics and space technology. The objective of the study is to develop appropriate intellectual property valuation methods. This research is a case study utilizing sequential mix method which is the combination of quantitative and qualitative research. By using intellectual capital theory, this research-broaden the literatures on the technology valuation in the field of aeronautics and space. This study fills research gap on the existing technology valuation method that is still partially conducted by government research and development. </em></p><p><em>This study discusses the value of intangible assets and licenses from intellectual property that are calculated through three valuation approaches, such as cost-based approach, income-based approach, and market-based approach. The results of the study show that the most appropriate intellectual property valuation method are the cost-based approach and income-based approach.</em></p><p><strong><em>JEL Classification: </em></strong><em>O30, O31, O33</em><strong></strong></p><strong><em>Keywords</em></strong>: <em>Cost Based Approach,</em><em> Income Based Approach, Intellectual Property, Market Based Approach, Sequential Mix Method </em>
Highlights
Globalization has created challenges as well as opportunities for countries that actively and passively take part in the world economic system
Based on projections issued by the Statistics Indonesia (BPS, 2017), in 2020 Indonesia will reach more than 271 million people
Research carried out through observation, interviews, and questionnaires answers the first question of research regarding the importance for LAPAN as a research, development and engineering institution in the field of aeronautics and space to conduct valuations or assessments of technological results or intellectual property
Summary
Globalization has created challenges as well as opportunities for countries that actively and passively take part in the world economic system. Based on publications published by The Organization for Economic Co-operation and Development Globalization has created challenges as well as opportunities for countries that actively and passively take part in the world economic system. Based on publications published by The Organization for Economic Co-operation and Development (OECD Factbook, Population and Migration, 2013), in 2020 the world population will reach approximately 7 billion people. Based on projections issued by the Statistics Indonesia (BPS, 2017), in 2020 Indonesia will reach more than 271 million people. Knowledgebased economics is based on production, distribution, and the use of knowledge. The biggest contributors to economic growth are human and social resources which are seen as very valuable assets that are able to increase productivity, added value and increase competitive advantage
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
