Crucial patent and company financial performance from Taiwanese electronics firms
碩士 === 國立政治大學 === 經濟學系 === 107 === Based on the neoclassical understanding in financial economic research, exogenous factors driving up total factor productivities would correlate positively with firm’s production growth. Under this belief, this dissertation start by bridging the gap to associate th...
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| Format: | Others |
| Language: | zh-TW |
| Published: |
2019
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| Online Access: | http://ndltd.ncl.edu.tw/handle/2y4j79 |
| Summary: | 碩士 === 國立政治大學 === 經濟學系 === 107 === Based on the neoclassical understanding in financial economic research, exogenous factors driving up total factor productivities would correlate positively with firm’s production growth. Under this belief, this dissertation start by bridging the gap to associate the quality of firm-level technology with the market value of firms in the stock exchange market. Utilizing a hand-collected dataset composed of financial performance as well as patent application approval in Taiwanese semiconductor firms, the research target can be fulfilled. On the one hand, the firm-level patent quality can be used to compute the adjusted centrality serving as the firm-level technology quality. Secondly, the metric in both technology side and financial performance can be associated. The results robustly validate that firms’ crucial patents would be beneficial to operational performance of firms. Specifically articulated here is that firms with crucial patents can evolve larger scales in terms of cash flow and operational profits.
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