Explore the new relationship between patents and market value: A panel smooth transition regression (PSTR) approach
學年 102
學期 1
出版(發表)日期 2013-08-28
作品名稱 Explore the new relationship between patents and market value: A panel smooth transition regression (PSTR) approach
作品名稱(其他語言)
著者 Chen, Yu-Shan; Shih, Chun-Yu; Chang, Ching-Hsun
單位 淡江大學企業管理學系
出版者 Budapest: Akademiai Kiado Rt.
著錄名稱、卷期、頁數 Scientometrics 98(2), pp.1145-1159
摘要 This paper is the first research applying the new approach, panel smooth transition regression (PSTR) model, in the field of patent analysis. This study uses PSTR model to verify whether there is a single threshold effect of Herfindahl–Hirschman Index of patents (HHI of patents) on the relationship between patents and market value in the American pharmaceutical industry. The results demonstrate that HHI of patents moderates the relationship between market value and patent performance, patent counts/assets and patent citations/assets. When HHI of patents is less than or equal to the threshold value, 0.3220, the positive relationship between patent performance and market value is lower. Once HHI of patents is more than the threshold value, 0.3220, the positive relationship between patent performance and market value is higher. This study points out that the second regime is optimal because the extent of the positive relationship between patent performance and market value is higher.
關鍵字 Patent analysis;Patent citations;Patent counts;Market value;HHI of patents;Panel smooth transition regression (PSTR)
語言 en
ISSN 1588-2861
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Chang, Ching-Hsun
審稿制度
國別 HUN
公開徵稿
出版型式 ,電子版,紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/96590 )

機構典藏連結