政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/3944
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文笔数/总笔数 : 113311/144292 (79%)
造访人次 : 50940644      在线人数 : 963
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜寻范围 查询小技巧：
  • 您可在西文检索词汇前后加上"双引号"，以获取较精准的检索结果
  • 若欲以作者姓名搜寻，建议至进阶搜寻限定作者字段，可获得较完整数据
    •  进阶搜寻


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/3944


    题名: 證券分析師行為與專利權關係之研究
    其它题名: On the Association between Analysts` Behavior and Patent
    作者: 金成隆
    关键词: 分析師;專利權;盈餘預測;股票推薦
    Analysts;patent;earnings forecasts;stock recommendations
    日期: 2004
    上传时间: 2007-04-18 16:37:54 (UTC+8)
    出版者: 臺北市：國立政治大學會計學系
    摘要: 以往研究主要在探討財務資訊對於財務分析師的影響，相對的，本研究計劃則在探 討非財務資訊—專利權，與證券分析師之間的關係。本計畫提出兩項議題：(1)專 利權屬性對於分析師決策(盈餘預測與股票推薦)的影響，本文預期：a.專利權數量 愈多或品質(引證與請求權)愈佳的公司，分析師愈會發佈有利的盈餘預測與推薦； b.專利權原創程度(引證以往其他專利中，屬於不同專利權分類碼的比例)愈高，分 析師愈會發佈有利的盈餘預測與推薦；c.產業創新的外溢程度高於競爭性時，或是 企業接受外溢程度的能力愈強，分析師愈會發佈有利的盈餘預測與推薦。(2) 專利 權屬性對於分析師間的預測一致性(指:各分析師之間預測誤差的相關性)、私有訊息 使用程度的影響，本文預期：a.專利權原創程度愈高的公司，分析師的一致性愈小， 此時分析師私有訊息的使用量愈大；b. 專利權技術複雜性愈高的公司，分析師的 一致性愈小，此時分析師私有訊息的使用量愈大。
    This project will explore the association between non-financial information (especially patent) and the analysts』 decisions, as compared to prior study which examines the association of financial information with analyst』 decision. I address two primary questions: (1) the effect of properties pf patent on analyst』s earnings forecasts and stock recommendation. I expect that analysts are more likely to issue favorable forecasts with respect to future earnings and stock recommendation for firms with more patent granted and higher quality of patents, as proxy by numbers of claims and citation record. I also hypothesize that the associated between patent and the likelihood of issuing more favorable forecast and recommendation is more significant for firms investing in more original technologies, measured as percentage of citations made by firms』 patents that belong to a broader set of technologies, and for firms in the setting with more inter-firms spillovers, firms with the better ability of to receive effect of spillovers. (2) the effect of properties of patent on analyst』s consensus, measured as the correlation in analysts』 forecast errors. I expect that the degree to which the mean forecast aggregates private (idiosyncratic) information and is more accurate than an individual analyst』s forecast increases with the originality of patented inventions and diversity of firms』 technology of patents portfolio.
    描述: 核定金額：769062元
    数据类型: report
    显示于类别:[會計學系] 國科會研究計畫

    文件中的档案:

    档案 描述 大小格式浏览次数
    932416H004034.pdf40KbAdobe PDF21447检视/开启


    在政大典藏中所有的数据项都受到原著作权保护.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回馈