Awareness and Learning Sources of Intellectual Property Valuation in Developing Countries: Experience from Lagos, Nigeria

Immaculata Anthony Ekpo and Abel Olaleye

AfRES from African Real Estate Society (AfRES)

Abstract: This study, with a focus on valuers in Lagos, Nigeria, examined awareness of IP valuation and sources of such awareness with a view to providing information towards enhancing valuers’ participation in IP valuation. Primary data were collected using an online questionnaire (Google Form) and administered on estate surveyors and valuers (ESVs) in private practice in Lagos, Nigeria. The study area was stratified into Mainland and Island. Thereafter, 50% of the total population of ESVs, (226 and 186 respectively) in each location were selected randomly, given a total sample size of 206. The study retrieved 105 questionnaires representing 51% response rate. The data were analysed using frequencies, percentages and mean rating. The results showed that valuers had average level of awareness of IP valuation. The awareness was found to have had a significant (P = 0.026 (Chi-square) direct relationship with their professional rank. Also, valuers gained their level of awareness mainly through the internet (mean=3.24) and seminar/workshop attendance (2.85). Also, valuers’ understanding of IP-relevant concepts was insufficient. The study concluded that valuers’ awareness of IP valuation was average, and more sensitisations still need to be done towards ensuring universities’ curricula relevance and training of valuers already in practice.

Keywords: awareness; Developing Countries; Intellectual Property; learning sources; Valuation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
New Economics Papers: this item is included in nep-ipr
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