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| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 王衍智(Yanzhi Wang) | |
| dc.contributor.author | Yu-Chen Li | en |
| dc.contributor.author | 李瑀晨 | zh_TW |
| dc.date.accessioned | 2023-03-19T22:08:22Z | - |
| dc.date.copyright | 2022-07-05 | |
| dc.date.issued | 2022 | |
| dc.date.submitted | 2022-06-06 | |
| dc.identifier.citation | Appio, F. P., De Luca, L. M., Morgan, R., & Martini, A. (2019). Patent portfolio diversity and firm profitability: A question of specialization or diversification? Journal of Business Research, 101, 255-267. Belenzon, S., & Berkovitz, T. (2010). Innovation in business groups. Management Science, 56(3), 519-535. Brounen, D., De Jong, A., & Koedijk, K. (2004). Corporate finance in Europe: Confronting theory with practice. Financial Management, 71-101. Brown, J. R., Fazzari, S. M., & Petersen, B. C. (2009). Financing innovation and growth: Cash flow, external equity, and the 1990s R&D boom. The Journal of Finance, 64(1), 151-185. Chatterjee, S., & Lubatkin, M. (1990). Corporate mergers, stockholder diversification, and changes in systematic risk. Strategic Management Journal, 11(4), 255-268. Chen, J. J. (2004). Determinants of capital structure of Chinese-listed companies. Journal of Business Research, 57(12), 1341-1351. Chen, S. S., Chen, Y. S., Liang, W. L., & Wang, Y. (2013). R&D spillover effects and firm performance following R&D increases. Journal of Financial and Quantitative Analysis, 48(5), 1607-1634. Eberhart, A. C., Maxwell, W. F., & Siddique, A. R. (2004). An examination of long‐term abnormal stock returns and operating performance following R&D increases. The Journal of Finance, 59(2), 623-650. Eberhart, A., Maxwell, W., & Siddique, A. (2008). A reexamination of the tradeoff between the future benefit and riskiness of R&D increases. Journal of Accounting Research, 46(1), 27-52. Fama, E. F., & French, K. R. (1995). Size and book‐to‐market factors in earnings and returns. The Journal of Finance, 50(1), 131-155. Griliches, Z. (1981). Market value, R&D, and patents. Economics Letters, 7(2), 183-187. Hirshleifer, D., Hsu, P. H., & Li, D. (2013). Innovative efficiency and stock returns. Journal of Financial Economics, 107(3), 632-654. Kalcheva, I., & Lins, K. V. (2007). International evidence on cash holdings and expected managerial agency problems. The Review of Financial Studies, 20(4), 1087-1112. Klapper, L. F., & Love, I. (2004). Corporate governance, investor protection, and performance in emerging markets. Journal of Corporate Finance, 10(5), 703-728. Lev, B., & Sougiannis, T. (1996). The capitalization, amortization, and value-relevance of R&D. Journal of Accounting and Economics, 21(1), 107-138. Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187-221. Robb, A. M., & Robinson, D. T. (2014). The capital structure decisions of new firms. The Review of Financial Studies, 27(1), 153-179. Ruland, W., & Zhou, P. (2005). Debt, diversification, and valuation. Review of Quantitative Finance and Accounting, 25(3), 277-291. Seru, A. (2007). Do conglomerates stifle innovation? Unpublished working paper, University of Chicago. Wu, C. H., & Chiang, H. E. (2019). Impact of diversified mergers and acquisitions on corporate risk. Journal of Economics, 15(1), 93-115. Zeitun, R., & Tian, G. G. (2014). Capital structure and corporate performance: evidence from Jordan. Australasian Accounting Business & Finance Journal, Forthcoming. | |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/84314 | - |
| dc.description.abstract | 本研究探討創新多樣性對於公司營運表現的影響，以資產報酬率 (Return on Asset, ROA) 及 Tobin’s Q 作為公司營運表現的衡量指標。本研究結果顯示公司創新多樣性越高，則 ROA越小，Tobin’s Q 越大，即創新多樣性為公司帶來較低的獲利與較高的公司價值。本研究推論這個結果是由於創新多樣性可能使公司能夠採用低風險策略，獲利也隨著採用低風險策略而較低；而創新多樣性能為公司的研發帶來分散風險的效果，風險降低，加權平均資金成本也降低，公司的重置資產價值降低，風險降低帶來的低資金成本使得整體公司價值提高。 | zh_TW |
| dc.description.abstract | This study explores the impact of innovation diversity on the corporate performance, where I use ROA and Tobin's Q as the measure of corporate performance. The results show that the higher the innovation diversity of the company, the smaller the ROA and the larger the Tobin's Q. That is, the innovation diversity is related to lower profits and higher value to the company. Therefore, I infer that innovation diversity may enable companies to adopt low-risk strategies, and profits are also lower with adopting low-risk strategies. The diversity strategy can also diversify risks for the company's R&D innovation, and thus reduce weighted average cost of capital and enhance Tobin's Q. | en |
| dc.description.provenance | Made available in DSpace on 2023-03-19T22:08:22Z (GMT). No. of bitstreams: 1 U0001-0406202212375100.pdf: 799384 bytes, checksum: f94a66a6c2f9823f069fc309391d1601 (MD5) Previous issue date: 2022 | en |
| dc.description.tableofcontents | 論文口試委員審定書 i 謝辭 ii 中文摘要 iii 英文摘要 iv 前言 1 文獻回顧與假說建立 4 資料與研究方法 9 實證結果 12 結論 18 附錄 19 參考文獻 24 | |
| dc.language.iso | zh-TW | |
| dc.subject | 營運表現 | zh_TW |
| dc.subject | 公司規模 | zh_TW |
| dc.subject | 研究發展支出 | zh_TW |
| dc.subject | 創新多樣性 | zh_TW |
| dc.subject | 專利權 | zh_TW |
| dc.subject | Innovation diversity | en |
| dc.subject | Firm performance | en |
| dc.subject | Patents | en |
| dc.subject | R&D expenses | en |
| dc.subject | Firm size | en |
| dc.title | 創新多樣性對於公司營運表現的影響 | zh_TW |
| dc.title | The Impact of Innovation Diversity on Firm Performance | en |
| dc.type | Thesis | |
| dc.date.schoolyear | 110-2 | |
| dc.description.degree | 碩士 | |
| dc.contributor.oralexamcommittee | 何耕宇(Keng-Yu Ho),張景宏(Ching-Hung Chang) | |
| dc.subject.keyword | 創新多樣性,專利權,營運表現,研究發展支出,公司規模, | zh_TW |
| dc.subject.keyword | Innovation diversity,Patents,Firm performance,R&D expenses,Firm size, | en |
| dc.relation.page | 26 | |
| dc.identifier.doi | 10.6342/NTU202200864 | |
| dc.rights.note | 同意授權(限校園內公開) | |
| dc.date.accepted | 2022-06-07 | |
| dc.contributor.author-college | 管理學院 | zh_TW |
| dc.contributor.author-dept | 財務金融學研究所 | zh_TW |
| dc.date.embargo-lift | 2022-07-05 | - |
| 顯示於系所單位： | 財務金融學系 | |
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