學術產出-Periodical Articles

Article View/Open

Publication Export

Google ScholarTM

政大圖書館

Citation Infomation

題名 Patent Citation, R&D Spillover, and Tobin`s Q: Evidence from Taiwan Semiconductor Industry
作者 Chin, Chen-Lung ; Lee, Picheng ; Chi, Hsin-Yi ; Anandarajan, Asokan
金成隆;李丕正;紀信義;Asokan Anandarajan
貢獻者 會計系
關鍵詞 patent citation;R&D spillover;Tobin’s Q
日期 2006-02
上傳時間 18-Feb-2014 17:16:47 (UTC+8)
摘要 Although prior research has examined the effect of patent citations on Tobin`s Q in a variety of environments, in this study we examine whether the parameters are affected by stage of a company in the value chain. Unlike other national semiconductor firms, Taiwanese semiconductor firms typically specialize in one of the value-added activities, namely, either design or manufacturing or packaging and testing. Our finding is that the effect of patent citation on Tobin`s Q is accentuated when the firm is at the front end of the value chain and diminishes as we proceed to the back end. This finding is novel in the literature. We also find that frequency of patent citations and R&D spillover are positive and significant in relation to Tobin`s Q. In addition, the effect of R&D spillover on Tobin`s Q is more pronounced for firms in the design sector relative to other sectors.
關聯 Review of Quantitative Finance and Accounting, 26(1), 67-84
資料類型 article
DOI http://dx.doi.org/10.1007/s11156-006-7034-1
dc.contributor 會計系en_US
dc.creator (作者) Chin, Chen-Lung ; Lee, Picheng ; Chi, Hsin-Yi ; Anandarajan, Asokanen_US
dc.creator (作者) 金成隆;李丕正;紀信義;Asokan Anandarajanzh_TW
dc.date (日期) 2006-02en_US
dc.date.accessioned 18-Feb-2014 17:16:47 (UTC+8)-
dc.date.available 18-Feb-2014 17:16:47 (UTC+8)-
dc.date.issued (上傳時間) 18-Feb-2014 17:16:47 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/63976-
dc.description.abstract (摘要) Although prior research has examined the effect of patent citations on Tobin`s Q in a variety of environments, in this study we examine whether the parameters are affected by stage of a company in the value chain. Unlike other national semiconductor firms, Taiwanese semiconductor firms typically specialize in one of the value-added activities, namely, either design or manufacturing or packaging and testing. Our finding is that the effect of patent citation on Tobin`s Q is accentuated when the firm is at the front end of the value chain and diminishes as we proceed to the back end. This finding is novel in the literature. We also find that frequency of patent citations and R&D spillover are positive and significant in relation to Tobin`s Q. In addition, the effect of R&D spillover on Tobin`s Q is more pronounced for firms in the design sector relative to other sectors.en_US
dc.format.extent 266115 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Review of Quantitative Finance and Accounting, 26(1), 67-84en_US
dc.subject (關鍵詞) patent citation;R&D spillover;Tobin’s Qen_US
dc.title (題名) Patent Citation, R&D Spillover, and Tobin`s Q: Evidence from Taiwan Semiconductor Industryen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1007/s11156-006-7034-1en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1007/s11156-006-7034-1en_US