Patent portfolio quality και μελλοντική απόδοση της εταιρίας
View/ Open
Keywords
Διπλώματα ευρεσιτεχνίας ; Πατέντες ; Αγοραία υπεραξία των επιχειρήσεων ; Λογαριθμική απόδοση του Tobin’s QAbstract
The purpose of this research is to examine the quality of patent portfolio and how it affects the cross section of equity returns and other performance measures. Data were obtained for 2354 companies, which are listed on the US stock exchange, for the period 2005-2019. Patents can increase the performance of companies and be important assets for the companies that hold them. Also, the study that shows the increase in the market value of companies due to the quality of patents (citations), ie the effect of references to company patents,is of great interest. It should be noted that the more references there are to a patent, the more that patent is mentioned.
The research was carried out using the statistical program stata, which created correlation tables, a table of summary statistics and a table of results. These tables show that there are statistically significant returns on patent usage and business performance. In addition, there was a positive correlation between patents and total assets and the logarithmic performance of Tobin’s Q.