{"id":"https://openalex.org/W2096100486","doi":"https://doi.org/10.2225/vol15-issue3-fulltext-3","title":"An economic valuation of a biotechnology R&D project in a developing economy","display_name":"An economic valuation of a biotechnology R&D project in a developing economy","publication_year":2012,"publication_date":"2012-05-15","ids":{"openalex":"https://openalex.org/W2096100486","doi":"https://doi.org/10.2225/vol15-issue3-fulltext-3","mag":"2096100486"},"language":"en","primary_location":{"id":"doi:10.2225/vol15-issue3-fulltext-3","doi":"https://doi.org/10.2225/vol15-issue3-fulltext-3","is_oa":true,"landing_page_url":"https://doi.org/10.2225/vol15-issue3-fulltext-3","pdf_url":null,"source":{"id":"https://openalex.org/S167562393","display_name":"Electronic Journal of Biotechnology","issn_l":"0717-3458","issn":["0717-3458"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","dongbi-c","jufo-1","norway-1","oarl","poland-70"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Journal of Biotechnology","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.2225/vol15-issue3-fulltext-3","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5013316501","display_name":"Bahar \u00c7elikkol Erbas","orcid":"https://orcid.org/0000-0001-6126-2125","observed_orcids":["https://orcid.org/0000-0001-6126-2125"]},"institutions":[{"id":"https://openalex.org/I13236232","display_name":"TOBB University of Economics and Technology","ror":"https://ror.org/03ewx7v96","country_code":"TR","type":"education","lineage":["https://openalex.org/I13236232"]}],"countries":["TR"],"is_corresponding":false,"raw_author_name":"Bahar Celikkol Erbas","raw_affiliation_strings":["TOBB University of Economics and Technology, Sogutozu, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"TOBB University of Economics and Technology, Sogutozu, Turkey","institution_ids":["https://openalex.org/I13236232"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5071414158","display_name":"Selin Arslanhan Memis","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Selin Arslanhan Memis","raw_affiliation_strings":["Economic Policy Research Foundation of Turkey, Sogutozu, Turkey"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Economic Policy Research Foundation of Turkey, Sogutozu, Turkey","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":2100,"currency":"USD","value_usd":2100},"apc_paid":{"value":2100,"currency":"USD","value_usd":2100},"fwci":2.5323,"has_fulltext":true,"cited_by_count":15,"citation_normalized_percentile":{"value":0.91272712,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"15","issue":"3","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9541000127792358,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9541000127792358,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.015200000256299973,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10856","display_name":"Intellectual Property and Patents","score":0.007799999788403511,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.7250000238418579},{"id":"https://openalex.org/keywords/real-options","display_name":"real options","score":0.824999988079071},{"id":"https://openalex.org/keywords/discounted-cash-flow","display_name":"discounted cash flow","score":0.9929999709129333},{"id":"https://openalex.org/keywords/intangible-assets","display_name":"intangible assets","score":0.8980000019073486},{"id":"https://openalex.org/keywords/public-research-funding","display_name":"government research funding","score":0.7200000286102295},{"id":"https://openalex.org/keywords/biotechnology-policy","display_name":"biotechnology policy","score":0.6240000128746033},{"id":"https://openalex.org/keywords/turkey","display_name":"Turkey","score":0.7900000214576721}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.7498718500137329},{"id":"https://openalex.org/C2781014177","wikidata":"https://www.wikidata.org/wiki/Q455422","display_name":"Discounted cash flow","level":3,"score":0.6338226795196533},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.5142716765403748},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5089638233184814},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4456954002380371},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.38934993743896484},{"id":"https://openalex.org/C150903083","wikidata":"https://www.wikidata.org/wiki/Q7108","display_name":"Biotechnology","level":1,"score":0.36902371048927307},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.22895774245262146},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.18072670698165894},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":7,"locations":[{"id":"doi:10.2225/vol15-issue3-fulltext-3","doi":"https://doi.org/10.2225/vol15-issue3-fulltext-3","is_oa":true,"landing_page_url":"https://doi.org/10.2225/vol15-issue3-fulltext-3","pdf_url":null,"source":{"id":"https://openalex.org/S167562393","display_name":"Electronic Journal of Biotechnology","issn_l":"0717-3458","issn":["0717-3458"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","dongbi-c","jufo-1","norway-1","oarl","poland-70"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Journal of Biotechnology","raw_type":"journal-article"},{"id":"pmh:oai:americanae.aecid.es:2913121","doi":null,"is_oa":true,"landing_page_url":"https://scielo.conicyt.cl/scielo.php?script=sci_arttext&amp;pid=S0717-34582012000300001","pdf_url":null,"source":{"id":"https://openalex.org/S4306400786","display_name":"Americanae (AECID Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Journal of Biotechnology v.15 n.3 2012","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"pmh:oai:scielo:S0717-34582012000300001","doi":null,"is_oa":true,"landing_page_url":"http://www.scielo.cl/scielo.php?script=sci_arttext&amp;pid=S0717-34582012000300001","pdf_url":null,"source":{"id":"https://openalex.org/S4306402641","display_name":"LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Cient\u00edficas)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4383465926","host_organization_name":"LA Referencia","host_organization_lineage":["https://openalex.org/I4383465926"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Journal of Biotechnology v.15 n.3 2012","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"pmh:cria:bioline:ej:ej12028","doi":null,"is_oa":true,"landing_page_url":"http://www.bioline.org.br/abstract?id=ej12028","pdf_url":"http://www.bioline.org.br/abstract?id=ej12028","source":{"id":"https://openalex.org/S4306402188","display_name":"Bioline International (Bioline International)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Electronic Journal of Biotechnology (ISSN: 0717-3458) Vol 15 Num 3","raw_type":"RA"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.893.3273","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.893.3273","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.redalyc.org/pdf/1733/173323432001.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.899.8476","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.899.8476","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.scielo.cl/pdf/ejb/v15n3/a01.pdf","raw_type":"text"},{"id":"pmh:oai:null:2144/46162","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/2144/46162","pdf_url":null,"source":{"id":"https://openalex.org/S4306402384","display_name":"OpenBU (Boston University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I111088046","host_organization_name":"Boston University","host_organization_lineage":["https://openalex.org/I111088046"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Article"}],"best_oa_location":{"id":"doi:10.2225/vol15-issue3-fulltext-3","doi":"https://doi.org/10.2225/vol15-issue3-fulltext-3","is_oa":true,"landing_page_url":"https://doi.org/10.2225/vol15-issue3-fulltext-3","pdf_url":null,"source":{"id":"https://openalex.org/S167562393","display_name":"Electronic Journal of Biotechnology","issn_l":"0717-3458","issn":["0717-3458"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","dongbi-c","jufo-1","norway-1","oarl","poland-70"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Electronic Journal of Biotechnology","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","score":0.8970999717712402,"id":"https://metadata.un.org/sdg/9"},{"display_name":"Decent work and economic growth","score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2096100486.pdf","grobid_xml":"https://content.openalex.org/works/W2096100486.grobid-xml"},"referenced_works_count":53,"referenced_works":["https://openalex.org/W159943258","https://openalex.org/W225087233","https://openalex.org/W360285409","https://openalex.org/W1494886717","https://openalex.org/W1538600044","https://openalex.org/W1539441805","https://openalex.org/W1550458373","https://openalex.org/W1571438983","https://openalex.org/W1603595813","https://openalex.org/W1861528854","https://openalex.org/W1903256485","https://openalex.org/W1939439994","https://openalex.org/W1968478090","https://openalex.org/W1969022755","https://openalex.org/W1969116946","https://openalex.org/W1985364973","https://openalex.org/W1995103146","https://openalex.org/W2008139535","https://openalex.org/W2018209976","https://openalex.org/W2019055711","https://openalex.org/W2022160283","https://openalex.org/W2023192949","https://openalex.org/W2033977883","https://openalex.org/W2036729545","https://openalex.org/W2045217094","https://openalex.org/W2052951371","https://openalex.org/W2062981189","https://openalex.org/W2070006290","https://openalex.org/W2073057407","https://openalex.org/W2092827311","https://openalex.org/W2093093999","https://openalex.org/W2099397021","https://openalex.org/W2108297710","https://openalex.org/W2115223125","https://openalex.org/W2117075918","https://openalex.org/W2117630347","https://openalex.org/W2123975271","https://openalex.org/W2127566439","https://openalex.org/W2129962774","https://openalex.org/W2134066794","https://openalex.org/W2148187747","https://openalex.org/W2150221333","https://openalex.org/W2150821994","https://openalex.org/W2151600277","https://openalex.org/W2156970726","https://openalex.org/W2165259229","https://openalex.org/W2602634092","https://openalex.org/W3121536075","https://openalex.org/W3122866839","https://openalex.org/W3123142049","https://openalex.org/W4240111483","https://openalex.org/W4241294034","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W7027915786","https://openalex.org/W7098734878","https://openalex.org/W7099633813","https://openalex.org/W1509960234","https://openalex.org/W3160178331","https://openalex.org/W1482826831","https://openalex.org/W7061508694","https://openalex.org/W2215337968","https://openalex.org/W2289984204","https://openalex.org/W7062698391"],"abstract_inverted_index":{"Background:":[0],"Biotechnology":[1],"complements":[2],"technological":[3],"developments":[4,62],"in":[5,32,117,120,141,152,174,211,254,291,318],"main":[6],"sectors":[7,119],"of":[8,65,82,93,100,129,135,157,218,236,283,288,316,347],"economies,":[9,34],"such":[10,35,68],"as":[11,36,69,145],"health,":[12],"energy,":[13],"and":[14,16,41,56,63,74,76,91,106,109,132,160,186,190,199,224,245,278,298,301,307],"agriculture,":[15],"thus":[17,279],"contributes":[18],"to":[19,25,46,54,59,170,207,248,250,258,329],"economic":[20,108,126],"development.":[21],"It":[22,96,177],"provides":[23,97,166,246],"solutions":[24],"the":[26,61,83,89,164,184,216,219,234,242,272,275,281,314,325],"problems":[27],"that":[28,205,238,269],"are":[29,294,311],"frequently":[30],"faced":[31],"developing":[33,121,147,175,292],"resource":[37],"constraints,":[38],"lower":[39],"productivity":[40],"environmental":[42],"concerns.":[43],"In":[44],"order":[45],"benefit":[47],"from":[48,180,183,265],"biotechnology,":[49],"its":[50,107,155],"associated":[51],"markets":[52],"need":[53,206],"develop":[55],"function":[57],"well":[58],"support":[60],"transactions":[64],"intangible":[66,84],"assets,":[67],"technology":[70],"transfers,":[71],"license":[72],"agreements":[73],"research":[75,131],"development":[77,90,133,315],"joint":[78],"ventures.":[79],"Economic":[80,286],"valuation":[81,115,127,172,235],"assets":[85],"is":[86],"necessary":[87],"for":[88,210,313],"functioning":[92],"these":[94,319,348],"markets.":[95],"better":[98],"understanding":[99],"value":[101,217,282],"creation":[102],"at":[103],"micro":[104],"scales":[105],"financial":[110],"dynamics.":[111],"The":[112,263],"literature":[113],"lacks":[114],"studies":[116],"biotechnology":[118,138,153,200,289,317],"economies.":[122,176,320],"This":[123],"study":[124,165],"performs":[125],"analysis":[128],"a":[130,136,146,266],"project":[134,220],"Turkish":[137],"company":[139,185],"operating":[140],"health":[142],"sector.":[143],"Turkey,":[144],"economy,":[148],"has":[149],"slow":[150],"progress":[151],"despite":[154],"wealth":[156],"biological":[158],"resources":[159],"genetic":[161],"variety.":[162],"Thus,":[163,304],"an":[167],"excellent":[168],"case":[169],"analyze":[171],"issues":[173],"uses":[178],"data":[179],"in-depth":[181],"interviews":[182],"employs":[187],"real":[188,222,230],"options":[189,223,231,237],"discounted":[191,225,259],"cash":[192,226,260],"flow":[193,227,261],"(DCF)":[194],"methods.":[195,228],"Results:":[196],"Developing":[197],"countries":[198,293],"sector":[201,299],"introduce":[202],"additional":[203],"risks":[204,214,300],"be":[208,340],"accounted":[209],"valuation.":[212],"These":[213],"reduce":[215],"under":[221,341],"Since":[229],"method":[232],"permits":[233],"might":[239],"arise":[240],"during":[241],"R&D":[243,327],"process":[244],"flexibility":[247],"managers":[249],"act,":[251],"it":[252,332],"results":[253],"higher":[255],"values":[256,287],"compared":[257],"method.":[262],"grant":[264],"public":[267,302,322],"institution":[268],"partially":[270],"financed":[271],"Project":[273],"reduces":[274],"discount":[276],"factor":[277],"increases":[280],"it.":[284],"Conclusions:":[285],"intangibles":[290],"affected":[295],"by":[296],"country":[297],"financing.":[303],"both":[305],"microeconomic":[306],"macroeconomic":[308],"policy":[309],"interventions":[310,349],"important":[312],"While":[321],"financing":[323],"enables":[324],"risky":[326],"projects":[328],"take":[330],"place,":[331],"makes":[333],"them":[334],"more":[335],"valuable":[336],"than":[337],"they":[338],"would":[339],"no":[342],"intervention.":[343],"Long":[344],"run":[345],"effects":[346],"require":[350],"diligent":[351],"analyses.":[352]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}
