Using science and technology indicators to manage randd as a business

Patrick Thomas, G. Steven McMillan

Research output: Contribution to journalArticle

28 Scopus citations


The purpose of this article is to develop a method to predict future stock market performance of a company, using its technological quality as measured by its patent portfolio. This is accomplished by using a series of science and technology indicators developed from a unique patent database. Several studies have examined the relationship between various research and development (RandD) metrics and different measures of economic performance, yet few have explored this relationship using market-based measures of performance. Our findings show that an investment model based solely on this group of RandD metrics does substantially better than the Standard and Poor's (SandP) 500 Index.

Original languageEnglish (US)
Pages (from-to)9-14
Number of pages6
JournalEMJ - Engineering Management Journal
Issue number3
Publication statusPublished - Sep 2001


All Science Journal Classification (ASJC) codes

  • Engineering(all)

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