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Financial Analytics: Science and Experience
 

Innovative technology in the investment project: how to evaluate know-how

Vol. 8, Iss. 45, DECEMBER 2015

PDF  Article PDF Version

Received: 10 August 2015

Received in revised form: 26 August 2015

Accepted: 21 October 2015

Available online: 15 December 2015

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: 

Pages: 2-13

Vershinina A.V. Institute of Informatics Problems of Russian Academy of Sciences, Moscow, Russian Federation
anna-ver@mail.ru

Orlova E.R. Institute of Informatics Problems of Russian Academy of Sciences, Moscow, Russian Federation
orlova@isa.ru

Importance The article focuses on the evaluation of a unique technology, which is acquired to implement a large industrial investment project.
     Objectives The research enriches the evaluation methods, which can be applied in identical situations when intellectual property is acquired for the development of new production. We also investigate, analyze and select approaches and methods for evaluating an absolutely new technology.
     Methods We used a systems approach to analyze the subject of the research and select the most appropriate evaluation method. The know-how value was estimated in line with the Methodological Recommendations for evaluating the efficiency of investment projects.
     Results We examined the existing approaches and methods for evaluating intellectual property under various economic circumstances. We chose the know how evaluation method for developing industrial investment projects. The practical part presents our computations and value estimates the investor used in the deal.
     Conclusions and Relevance The research is of practical significance as it provides a methodological framework for investment projects with significant intellectual property as the country needs. The income approach should be used to evaluate the know how as the effect of the investment project. The estimated value of the know how as the effect of a brownfield investment project take the economic situation into account.

Keywords: evaluation, know how, efficiency, investment project, intellectual property

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