Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities

Detalhes bibliográficos
Autor(a) principal: Frobel, Lars
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/145708
Resumo: Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Knowledge Management and Business Intelligence
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spelling Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilitiesPatent analysis,IPC Green Inventory,Utilities,GARCHDissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Knowledge Management and Business IntelligenceThe pressure on European energy Utilities to move their business activities in a more sustainable direction increased in the recent years. In order to measure innovation, factors such as research and development expenditures have often been used in the past. This study attempts to understand the corporate innovation process using patents. For this purpose, a comprehensive analysis of patenting dynamics of a selected group of companies is carried out and then the influence on the volatility of the associated stocks is estimated using a GARCH model. In this context, the impact of green patents on market capitalization will be examined in more detail. We find that the number of published patents has risen very sharply for the period 2000-2020 and that a large proportion of these patents can be classified as green patents. This suggests that Europe's energy Utilities are working on inventions to make their business models more sustainable. To answer the second part of this research, a GARCH model was used to measure the volatility and ultimately the impact of different patents on this. In some cases, significant results were found, but they were not sufficiently meaningful to draw a general conclusion for the entire industry. The insights are nonetheless suggestive and further research could look at the influence of positive and negative patents on volatility by using an EGARCH model.Damásio, Bruno Miguel PintoMendonça, Sandro Miguel FerreiraRUNFrobel, Lars2022-11-22T17:34:15Z2022-10-282022-10-28T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/145708TID:203105745enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:26:18Zoai:run.unl.pt:10362/145708Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:52:13.494574Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
title Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
spellingShingle Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
Frobel, Lars
Patent analysis,
IPC Green Inventory,
Utilities,
GARCH
title_short Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
title_full Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
title_fullStr Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
title_full_unstemmed Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
title_sort Patents in the energy sector: The connection between innovation and stock volatility in the context of Europe’s largest utilities
author Frobel, Lars
author_facet Frobel, Lars
author_role author
dc.contributor.none.fl_str_mv Damásio, Bruno Miguel Pinto
Mendonça, Sandro Miguel Ferreira
RUN
dc.contributor.author.fl_str_mv Frobel, Lars
dc.subject.por.fl_str_mv Patent analysis,
IPC Green Inventory,
Utilities,
GARCH
topic Patent analysis,
IPC Green Inventory,
Utilities,
GARCH
description Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Knowledge Management and Business Intelligence
publishDate 2022
dc.date.none.fl_str_mv 2022-11-22T17:34:15Z
2022-10-28
2022-10-28T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/145708
TID:203105745
url http://hdl.handle.net/10362/145708
identifier_str_mv TID:203105745
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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