Crucial patents and company financial performance from American semiconductor industry

• Main Authors: Liu, Kuan-Yu, 劉冠妤
• Other Authors: 李浩仲
• Format: Others
• Language: zh-TW
• Published: 2019
• Online Access: http://ndltd.ncl.edu.tw/handle/m4dst5

碩士 === 國立政治大學 === 經濟學系 === 107 === Trace back to neoclassical belief, total factor productivities beneath firms' invisible core competence would be crucial to long-run progress. This dissertation goes further to test whether the better-quality patented technologies would beneficial to firms' operational profitability and routine trading scales. On the one hand, the developed networked approached in this research present a way of quality measure to firms' accumulated patents. Secondly, the hand-collected dataset consist of both firm-level patent information and financial performance. The results in this research show that patents revealing better quality would impact favorably to firms' profitabilities and trading scales. This result aligned with finance literature would suggest the undeletable role played by firms' innovation investment; though not shown in just the short-term payoffs.