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    政大機構典藏 > 商學院 > 會計學系 > 期刊論文 >  Item 140.119/64502


    请使用永久网址来引用或连结此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/64502


    题名: The Effect of Innovation on Firm Performance: The Experience of Taiwan
    作者: 金成隆
    Anandarajan, Asokan;Chin, Chen-Lung;Chi, Hsin-Yi;Lee, Picheng
    贡献者: 會計系
    日期: 2007
    上传时间: 2014-03-06 17:07:54 (UTC+8)
    摘要: Firm performance is, among other factors, a function of tangible and intangible assets that the firm possesses and utilizes to maximize value. While research has examined the impact of advertising and R&D on firm performance, in this chapter we, in addition, examine the extent of innovation as measured by patents granted on firm performance. Our findings indicate that overall, innovative activity as measured by number of patents granted, significantly influences firm performance as measured by Tobin`s q. Hence patenting activity is value relevant to investors. Further, this relationship is more pronounced when the patents are granted in the United States. We conclude that markets tend to give greater credence to innovative activity when patents are granted to foreign firms by the U.S. Patenting Office. Finally, the stage of the product in the industry chain moderates the influence of patenting activity on firm performance. When patents are granted in the design stage the impact on firm performance is stronger relative to when patents are granted in the manufacturing and packaging and testing stages. The evidence indicates that patents by companies in the manufacturing end of the chain have a more pronounced impact on firm performance relative to patents granted in the packaging and testing stage.
    關聯: Advances in Accounting, 23, 1-30
    数据类型: article
    显示于类别:[會計學系] 期刊論文

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