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    政大機構典藏 > 商學院 > 財務管理學系 > 學位論文 >  Item 140.119/156013


    請使用永久網址來引用或連結此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/156013


    題名: 機構投資人對公司創新價值之影響
    The Effect of Institutional Ownership on Economic Value of Innovation
    作者: 梁翌柔
    Liang, Yi-Jou
    貢獻者: 車倫周
    Cha, Yun-Ju
    梁翌柔
    Liang, Yi-Jou
    關鍵詞: 機構投資人
    創新
    創新經濟價值
    專注型投資人
    短暫型投資人
    股票市場反應
    專利授權
    經濟價值
    公司治理
    長期支持
    Institutional investors
    innovation
    economice value of innovation
    dedicated investors
    transient investors
    stock market reactions
    patent grants
    corporate governance
    long-term support
    日期: 2024
    上傳時間: 2025-03-03 14:40:06 (UTC+8)
    摘要: 本研究探討不同類型機構投資人對公司創新的影響，並使用股票市場對專利授權的反應衡量創新的經濟價值。依據 Bushee (2001)之分類方法，機構投資人分為: 1. 專注型投資人；2. 短暫型投資人；及 3. 準指數投資人。實證結果顯示，專注型投資人透過較長的持有期間和較強的監督力道，對創新價值有正面影響，而短暫型投資人則有負面影響。專注型投資人對創新價值之影響，對於發展階段成熟、成長機會大、競爭激烈的公司中具有更顯著的效果。
    This study examines the heterogenous impact of institutional investors on firm innovation, focusing on dedicated, transient, and quasi-indexer investors. Using marketable value of innovation following Kogan et al. (2017), we find that dedicated investors positively influence innovation through long-term support and governance, while transient investors negatively impact it. The positive effect of dedicated investors is stronger in firms with advanced stage of development, more growth opportunities, and intense competition.
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    描述: 碩士
    國立政治大學
    財務管理學系
    111357039
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G0111357039
    資料類型: thesis
    顯示於類別:[財務管理學系] 學位論文

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