Journal of Korea Technology Innovation Society (기술혁신학회지)

Korea Technology Innovation Society (한국기술혁신학회)
권호 표지

A Study on a Conceptual Model for Technology Valuation Based on Market Approach

시장접근법 기반의 기술가치평가를 위한 개념적 모형에 관한 연구

  • 임성묵 (동국대학교-서울캠퍼스 경영대학 경영학부) ;
  • 김상국 (한국과학기술정보연구원 산업정보분석실) ;
  • 박현우 (한국과학기술정보연구원 산업정보분석실)
  • Received : 2015.02.03
  • Accepted : 2015.03.30
  • Published : 2015.03.31
Download PDF
⟨ Previous Next ⟩

Abstract

This study aims to present a conceptual model for technology valuation based on market approach. We first propose a transition model in which technology itself is endowed with its intrinsic value based on its technology- and market-specific features, which subsequently goes through a transition to the market perceived value. We also discuss the model's logical validity. Based upon the transition model, we develop market approach based technology valuation models by identifying factors comprising each component of the transition model for each case of fixed royalty and running royalty. We also show that the proposed model can be used to describe the relationship between cost, income and market approaches for technology valuation.

본 연구에서는 시장접근법 기반의 기술가치평가를 위한 원리적인 개념 모형을 제안한다. 하나의 기술이 기술성과 사업성을 기초로 기술가치를 부여받고, 다시 그 기술가치가 시장가치로 전이되는 개념모형을 제시하고 그 논리적인 타당성을 논의한다. 기술대가 지불방식의 두 가지 형태인 정액기술료 및 경상기술료 방식 각각에 대해, 기술-기술가치-시장가치 전이모형을 구성하는 구체적인 요인들을 식별하고 측정방식을 분석함으로써 구체화된 시장접근법 기반 기술가치평가 개념 모형을 개발한다. 더불어 본 연구에서 제안하는 개념 모형을 이용하여 기술가치평가의 세 가지 접근법인 비용-소득-시장접근법간의 관계를 설명할 수 있음을 보인다.

Keywords

References

  1. 김근환.심위.강종석.박현우.문영호 (2012), "기술거래정보 관찰과정을 통한 시장접근법 활용 적합성 분석방법", 한국기술혁신학회지, 15(2): 262-276.
  2. 김상국.이현.박현우 (2012), "기술이전 거래사례 정보 기반의 시장접근법 적용", 한국기술혁신학회 2012년 추계학술대회 논문집, 323-340.
  3. 설성수.오세경.박현우 (2012), "기술가치평가론", 파주: 법문사.
  4. 신상철 (2005), "중소기업의 기술가치평가기법 개발 현황과 활용", 서울: 중소기업연구원.
  5. 한국산업기술진흥원 (2011), "기술가치평가 실무가이드", 서울: 한국산업기술진흥원.
  6. 한국산업기술진흥원 (2012), "시장접근법 기반의 기술평가모형 정립", 서울: 한국산업기술진흥원.
  7. Catty, J. P. (2010), Guide to Fair Value under IFRS, New Jersey: Wiley.
  8. Chen, Y. and Zhu, J. (2004), "Measuring Information Technology's Indirect Impact on Firm Performance", Information Technology and Management, 5(1-2): 9-22. https://doi.org/10.1023/B:ITEM.0000008075.43543.97
  9. Cook, W. D., Liang, L. and Zhu, J. (2010), "Measuring Performance of Two-stage Network Structures by DEA: A Review and Future Perspective", Omega, 38(6): 423-430. https://doi.org/10.1016/j.omega.2009.12.001
  10. Kao, C. (2014), "Network Data Envelopment Analysis: A review", European Journal of Operational Research, 239(1): 1-16. https://doi.org/10.1016/j.ejor.2014.02.039
  11. Kao, C. and Hwang, S. N. (2008), "Efficiency Decomposition in Two-stage Data Envelopment Analysis: An Application to Non-life Insurance Companies in Taiwan", European Journal of Operational Research, 185(1): 418-429. https://doi.org/10.1016/j.ejor.2006.11.041
  12. Kim, S-G., Lee, H. and Park, H-W. (2013), "Market Approach to Valuation Based on Technology Transfer Cases in Korea", Asian Journal of Innovation and Policy, 2(1): 97-122. https://doi.org/10.7545/ajip.2013.2.1.097
  13. Liu, J. S. and Lu, W. M. (2010), "DEA and Ranking with the Network-based Approach: A case of R&D Performance", Omega, 38(6): 453-464. https://doi.org/10.1016/j.omega.2009.12.002
  14. Park, H-W., Jun, S-P. and Kim, S-G. (2012), "A Comparative Study on Methods of Income Approach to Technology Valuation," Journal of Supply Chain and Operations Management, 10(2): 76-93.
  15. Park, Y. and Park, G. (2004), "A New Method for Technology Valuation in Monetary Value: Procedure and Application", Technovation, 24: 387-394. https://doi.org/10.1016/S0166-4972(02)00099-8
  16. Seiford, L. M. and Zhu, J. (1999), "Profitability and Marketability of the Top 55 US Commercial Banks", Management Science, 45(9): 1270-1288. https://doi.org/10.1287/mnsc.45.9.1270
  17. Smith, G. V. and Parr, R. L. (2000), Valuation of Intellectual Property and Intangible Assets, New York: Wiley.
  18. Zhu, J. (2000), "Multi-factor Performance Measure Model with an Application to Fortune 500 Companies", European Journal of Operational Research, 123(1): 105-24. https://doi.org/10.1016/S0377-2217(99)00096-X