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Exploring patent-based indicators, firm performance and product introductions : the case of ASML and its industry peers

Meyer, R. (2018) Exploring patent-based indicators, firm performance and product introductions : the case of ASML and its industry peers.

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Abstract:Firms need to innovate to respond to changes in the demands of customers so that they may capitalize on opportunities regarding changing marketplaces, structures, and technology. As a result, patents play an increasingly important role in innovation, economic performance and product introductions. An interesting example industry, in which continuous innovation is important, is the semiconductor industry, and an interesting company that has made some remarkable progress in innovation and growth is ASML. This research aims to find the underlying reason why ASML has made such significant process by looking at patent-based indicators, firm performance indicators and product introductions. This thesis concludes, that ASML often performs better than its peers when looking at these firm performance indicators. When looking around and between the time of product introductions, we notice patterns from the PLC theory and the technological life cycle theory, such as, s-curved patters and rapid penetration patterns. In general, ASML and Nikon seem to have fewer but larger cycle patterns, whereas Canon and Ultratech have multiple smaller cycles. When considering ASML as an innovator, we could state that Teece's (1986) does not hold for ASML because ASML seems to perform well based on firm performance indicators and on patent-based indicators.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:83 economics
Programme:Business Administration MSc (60644)
Link to this item:https://purl.utwente.nl/essays/76730
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