In CoraPatents project the IP value factor was used to build backtests on different indexes. The main question from the financial sector was if this factor is correlated with any other factor? The supposed closest factor was the research and development expenses from companies (R&D expenses).
The benchmark analysis was done on the DJ STOXX600 Index in order to determine if there is a correlation between the espenses for research and development and the patent value for companies.
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