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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/91531完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 吳儀玲 | zh_TW |
| dc.contributor.advisor | Yi-Lin Wu | en |
| dc.contributor.author | 趙敏妏 | zh_TW |
| dc.contributor.author | Min-Wen Chao | en |
| dc.date.accessioned | 2024-01-28T16:24:50Z | - |
| dc.date.available | 2024-01-29 | - |
| dc.date.copyright | 2024-01-27 | - |
| dc.date.issued | 2023 | - |
| dc.date.submitted | 2023-07-14 | - |
| dc.identifier.citation | Acharya, V. and Xu, Z. (2017). Financial dependence and innovation: The case of public versus private firms. Journal of Financial Economics, 124(2):223–243.
Amable, B., Chatelain, J.-B., and Ralf, K. (2010). Patents as collateral. Journal of Economic Dynamics and Control, 34(6):1092–1104. Ayerbe, C., Azzam, J., Boussetta, S., and Pénin, J. (2023). Revisiting the consequences of loans secured by patents on technological firms’ intellectual property and innovation strategies. Research Policy, 52(8):104824. Bessen, J. (2009). Nber pdp project user documentation. Data available at: https://sites. google. com/site/patentdataproject/Home/downloads. Chava, S., Nanda, V., and Xiao, S. C. (2017). Lending to innovative firms. The Review of Corporate Finance Studies, 6(2):234–289. Guo, F., Zou, B., Zhang, X., Bo, Q., and Li, K. (2020). Financial slack and firm performance of smmes in china: Moderating effects of government subsidies and market supporting institutions. International Journal of Production Economics, 223:107530. Hall, B. H., Jaffe, A. B., and Trajtenberg, M. (2001). The nber patent citation data file: Lessons, insights and methodological tools.National Bureau of Economic Research Cambridge, Mass., USA. Hochberg, Y. V., Serrano, C. J., and Ziedonis, R. H. (2018). Patent collateral, investor commitment, and the market for venture lending. Journal of Financial Economics, 130(1):74–94. Hoegl, M., Gibbert, M., and Mazursky, D. (2008). Financial constraints in innovation projects: When is less more? Research Policy, 37(8):1382–1391. Kogan, L., Papanikolaou, D., Seru, A., and Stoffman, N. (2017). Technological innova tion, resource allocation, and growth. The Quarterly Journal of Economics, 132(2):665– 712. Levenshtein, V. I. et al. (1966). Binary codes capable of correcting deletions, insertions, and reversals. In Soviet physics doklady, volume 10, pages 707–710. Soviet Union. Longman, S. (2014). Asset non-specificity and patent collateral. Pace University Finance Research Paper, (2015/05). Mann, W. (2018). Creditor rights and innovation: Evidence from patent collateral. Journal of Financial Economics, 130(1):25–47. Mao, Y. (2021). Managing innovation: The role of collateral. Journal of Accounting and Economics, 72(1):101419. Marco, A. C., Carley, M., Jackson, S., and Myers, A. (2015a). The uspto historical patent data files two centuries of innovation. USPTO Economic Working Paper 2015-1. Marco, A. C., Myers, A., Graham, S. J., D’Agostino, P., and Apple, K. (2015b). The uspto patent assignment dataset: Descriptions and analysis. USPTO Economic working paper. Murphy, K. J. (2003). Stock-based pay in new economy firms. Journal of Accounting and Economics, 34(1-3):129–147. Tsai, C.-F., Lu, Y.-H., Hung, Y.-C., and Yen, D. C. (2016). Intangible assets evaluation: The machine learning perspective. Neurocomputing, 175:110–120. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/91531 | - |
| dc.description.abstract | 抵押貸款是企業籌措資金時因其較低的成本，是企業籌措資金的重要管道。對於缺乏有形資產的公司而言，專利作為抵押品成為了重要的方式。本研究使用1980-2020年的專利轉讓與上市公司財務資料，首先探討了影響專利作為抵押品的特徵，結果顯示專利被引用次數、涉及廣泛程度以及流動性會使專利更容易成為抵押品。我也探討了將專利做為抵押品之公司特徵，結果顯示當公司擁有的專利越多，越可能將專利做為抵押品。而公司財務相關之結果顯示市值低、現金流不足以及不發股利之公司越可能將專利作為抵押品。此外，我透過區分高科技公司，與專利數量與現金流之交互作用，進一步探討高科技公司以及沒有財務緊縮且同時擁有許多專利的公司之專利抵押，結果顯示高科技公司越可能將專利做為抵押品；而公司擁有許多專利且有財務緊縮的情形之下，更可能將專利做為抵押品。 | zh_TW |
| dc.description.abstract | Mortgages are essential for companies to raise funds due to their less cost. However, for companies lacking tangible assets, patents serve as an alternative form of collateral. In this paper, we use patent assignment data and financial statement data from 1980-2020. Firstly, we investigate the characteristics of pledged patents. Our findings reveal that patents with higher citation counts, generality, and fluidity are more likely to be accepted as collateral. Next, we explore the characteristics of companies that use patents as collateral. The results show that companies with a greater number of patents and higher citation counts are more likely to use patents as collateral. Additionally, companies with lower market value, insufficient cash flow, and no dividend payouts are more inclined to utilize patents as collateral. Finally, we examine the use of patent mortgages among high-tech companies and companies without financial constraints but with patents. The evidence suggests that high-tech companies are more likely to pledge patents as collateral. Firms facing significant financial constraints (proxied by cash holdings) are more likely to pledge patents as collateral for patenting companies. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2024-01-28T16:24:50Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2024-01-28T16:24:50Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 口試委員審定書 i
摘要 ii Abstract iii 第一章 緒論 1 第二章 文獻回顧與研究假設 5 2.1 文獻回顧 5 2.2 研究假設 8 2.2.1 專利特徵與專利抵押之關係 8 2.2.2 公司特徵與專利抵押的關係 9 第三章 樣本蒐集與建構、變數定義與敘述統計 10 3.1 樣本 10 3.1.1 美國全國經濟研究所專利資料 10 3.1.2 美國專利商標局資料 11 3.1.3 企業財務分析資料庫 13 3.1.4 樣本配對與建構方式 14 3.2 敘述統計 17 第四章 實證結果 20 4.1 專利作為抵押品之特徵 20 4.2 公司抵押專利之特徵 22 4.3 穩健性測試：發明專利作為抵押品之特徵 25 4.4 穩健性測試：公司抵押發明專利之特徵 27 第五章 結論 35 參考文獻 37 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 無形資產 | zh_TW |
| dc.subject | 資金籌措 | zh_TW |
| dc.subject | 財務緊縮 | zh_TW |
| dc.subject | 抵押 | zh_TW |
| dc.subject | 專利 | zh_TW |
| dc.subject | financing | en |
| dc.subject | Patent | en |
| dc.subject | collateral | en |
| dc.subject | financial constraints | en |
| dc.subject | intangible assets | en |
| dc.title | 專利抵押 | zh_TW |
| dc.title | Patents as Collateral | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 111-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 江淳芳;潘虹華 | zh_TW |
| dc.contributor.oralexamcommittee | Chun-Fang Chiang;Huang-Hua Pan | en |
| dc.subject.keyword | 專利,抵押,財務緊縮,無形資產,資金籌措, | zh_TW |
| dc.subject.keyword | Patent,collateral,financial constraints,intangible assets,financing, | en |
| dc.relation.page | 39 | - |
| dc.identifier.doi | 10.6342/NTU202301577 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2023-07-17 | - |
| dc.contributor.author-college | 社會科學院 | - |
| dc.contributor.author-dept | 經濟學系 | - |
| 顯示於系所單位： | 經濟學系 | |
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