Corporate Patent and Corporate Value

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Business and Entrepreneurship".

Deadline for manuscript submissions: closed (31 October 2021) | Viewed by 4983

Special Issue Editor


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Guest Editor
Department of Banking & Finance, Chinese Culture University, 55, Hwa-Kang Road, Yang Ming Shan, Taipei, Taiwan
Interests: decision science; applied economics; time series; financial management; artificial neural network
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Special Issue Information

Dear Colleagues,

Applying for a patent has become one of the most effective strategies for enterprises to protect their innovative products, but with the rapid development of science and technology, it and it has also become the most time-consuming and costly approach. Especially in recent years, the number of companies with patents has increased exponentially—a development that has been met with both surprise and curiosity.

The purpose of this Special Issue is to gather a collection of research articles that offer novel insights into the relationship among corporate patents, corporate value, and risk and apply the econometric method, the quantitative model, artificial-intelligence-based approaches, the data mining approach, machine learning, an integration of decision science analyses, and the statistical model in corporate governance, R&D competition, and risk management.

Prof. Dr. Yi-Hsien Wang
Guest Editor

Manuscript Submission Information

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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Corporate patent
  • Corporate value
  • Corporate governance
  • Patent litigation
  • Patent risk
  • Econometric and quantitative method
  • Machine learning
  • Statistical model
  • Decision science analysis

Published Papers (2 papers)

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Research

16 pages, 647 KiB  
Article
Financial Market Reaction to Patent Lawsuits against Integrated Circuit Design Companies
by Su-Chen Yu and Kuang-Hsun Shih
J. Risk Financial Manag. 2021, 14(9), 433; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14090433 - 09 Sep 2021
Cited by 1 | Viewed by 2250
Abstract
With the rapid advancement in technology, Taiwan’s integrated circuit (IC) design companies have made a mark in the international semiconductor industry but are unable to independently develop the key core technologies they need. Therefore, strategic alliances, competition and cooperation have become a means [...] Read more.
With the rapid advancement in technology, Taiwan’s integrated circuit (IC) design companies have made a mark in the international semiconductor industry but are unable to independently develop the key core technologies they need. Therefore, strategic alliances, competition and cooperation have become a means for enterprises to quickly obtain patents and capture the market. However, listed companies upstream and downstream of Taiwan’s supply chain have been facing patent infringement lawsuits in recent years. This research mainly aims to provide investors with investment strategies when companies face patent litigation, analyze the abnormal returns on the underlying stocks through the event research method, and use the cross-sectional multiple regression model to explore the changes in different factors based on the results. The empirical results show that positive abnormal returns are generated before and after a company faces patent litigation and the cumulative abnormal rewards are all positive and significant after the incident, which indicates that the company may still have an opportunity to make a profit when facing patent litigation, which can be used as a reference for investors. Full article
(This article belongs to the Special Issue Corporate Patent and Corporate Value)
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14 pages, 310 KiB  
Article
Applying Quantile Regression to Assess the Relationship between R&D, Technology Import and Patent Performance in Taiwan
by Chung-Chu Chuang, Chung-Min Tsai, Hsiao-Chen Chang and Yi-Hsien Wang
J. Risk Financial Manag. 2021, 14(8), 358; https://0-doi-org.brum.beds.ac.uk/10.3390/jrfm14080358 - 06 Aug 2021
Cited by 1 | Viewed by 1754
Abstract
Electronics companies are facing global economic and trade competition. As patents can form an endowment shield that protects the development of corporate capabilities, companies are actively increasing their number of patents and attaching importance to technological research and development and patent management to [...] Read more.
Electronics companies are facing global economic and trade competition. As patents can form an endowment shield that protects the development of corporate capabilities, companies are actively increasing their number of patents and attaching importance to technological research and development and patent management to achieve differentiated strategic effects. As such, patent layout and research and development (R&D) investment have become important strategic weapons for Taiwanese manufacturers, with which to enter the international market or compete among enterprises. This study first utilized the principal components analysis method to define patents in terms of the number of patents and the times patents are cited, with R&D defined in terms of expenditure and intensity. Furthermore, this study used a quantile regression model to visualize the relationship between R&D, technological imports, and patent performance in Taiwanese listed electronics companies. The empirical results show that technological imports in the second time-lag period require patents, while the effect on patents varies alongside industry characteristics. In addition, the empirical results found that the total assets, number of employees, and number of patent inventors are also factors that significantly affect patents. This research proposes that Taiwan’s listed electronics companies should expand their scale, increase their economic efficiency, maximize their resources, increase their patents, enhance their corporate value, boost their investor confidence, and improve their industry competitiveness. Full article
(This article belongs to the Special Issue Corporate Patent and Corporate Value)
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