Designing of a model for measurement of technological capabilities in cost valuation of research and development processes for knowledge-based companies applying for admission to the Stock Market

Subject Areas : Financial engineering

sina laleh ¹ , nosratollah shadnoush ² , Abbas Toloie Ashlaghi ³

1 - Department of Industrial Management, central Tehran Branch, Islamic Azad University, Tehran, Iran.
2 - Department of Industrial Management, central Tehran Branch, Islamic Azad University, Tehran, Iran.
3 - Department of Industrial Management, Sciences and Research Branch, Islamic Azad University, Tehran, Iran

Received: 2019-05-25 Accepted : 2019-07-08 Published : 2019-09-23

Keywords: Financial valuation of costs, Research and development projects, Science-Based Companies, Securities and Exchange, Technological capabilities,

Abstract :

One of the most important factors to evaluate how successful a R&D process could be is, exposures in the raising level of the technological capabilities. In other words, the higher the technological capabilities and growth rates, the higher chances of successfulness in an organization. Considering this, the essentiality of measuring technological capabilities of an organization by evaluation of the R&D effectiveness or calculation of the ultimate costs, which has been spent on the R&D procedures, seems obvious and vital. Therefore, in this study, based on the previous studies and the extraction of factors affecting technological capabilities as well as identification of cause and effect loop, a dynamic model has been developed. Then, using DeMetal technique, the relationships between them and the effective coefficients are determined and included in the model. Finally, in order to examine the accuracy of the modelling and determination of both state and rate variable’s behavior, data was gathered from eight science-based companies located at for knowledge-based companies applying for admission to the Securities and Exchange in a 24 months period. Analysis of the behavior of variables in these Informations not only showed the accuracy of the proposed model, but also confirmed its fluidity.