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http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/98531完整後設資料紀錄
| DC 欄位 | 值 | 語言 |
|---|---|---|
| dc.contributor.advisor | 陳坤志 | zh_TW |
| dc.contributor.advisor | Kun-Chih Chen | en |
| dc.contributor.author | 沈禹彤 | zh_TW |
| dc.contributor.author | Yu-Tong Shen | en |
| dc.date.accessioned | 2025-08-14T16:28:35Z | - |
| dc.date.available | 2025-08-15 | - |
| dc.date.copyright | 2025-08-14 | - |
| dc.date.issued | 2025 | - |
| dc.date.submitted | 2025-07-23 | - |
| dc.identifier.citation | Reference
Griliches, Z. (1981). Market value, R&D, and patents. Economics Letters, 7(2), 183-187. Connolly, R.A. and Hirschey, M. (1988). "Market Value and Patents: A Bayesian Approach." Economics Letters, Vol. 27, pp. 83-87 Harhoff, D., Narin, F., Scherer, F. M., & Vopel, K. (1999). Citation frequency and the value of patented inventions. Review of Economics and Statistics, 81(3), 511–515 Deng, Z., Lev, B., & Narin, F. (1999). Science and technology as predictors of stock performance. Financial Analysts Journal, 55(3), 20–32. Hall, B. H., Jaffe, A. B., & Trajtenberg, M. (2005). Market value and patent citations. RAND Journal of Economics, 36(1), 16–38. Klassen, R. D., & McLaughlin, C. P. (1996). The impact of environmental management on firm performance. Management Science, 42(8), 1199-1214. Konar, S., & Cohen, M. A. (2001). Does the market value environmental performance? The Review of Economics and Statistics, 83(2), 281-289. Chen, Y. S., Lai, S. B., & Wen, C. T. (2006). The influence of green innovation performance on corporate advantage in Taiwan. Journal of Business Ethics, 67(4), 331–339. Przychodzen, W., Leyva-de La Hiz, D. I., and Przychodzen, J. (2020). First-mover advantages in green innovation—opportunities and threats for financial performance: a longitudinal analysis. Corp. Soc. Responsib. Environ. Manag. 27 (1), 339–357 Tian, J., Dong, Y., Vagnani, G., & Liu, P. (2023). Green innovation and the stock market value of heavily polluting firms: The role of environmental compliance costs and technological collaboration. Business Strategy and the Environment, 32(7), 4938–4953 Narin, F. (1987). Patents as indicators of corporate technological strength. Research Policy, 24(2), 287–302. Gu, F. (2005). Innovation, future earnings, and market efficiency. Journal of Accounting, Auditing & Finance, 20(4), 385–418. Pandit, S., Wasley, C. E., & Zach, T. (2011). The effect of R&D inputs and outputs on the relation between the uncertainty of future operating performance and R&D expenditures. Journal of Accounting, Auditing & Finance, 26(1), 121–144. Kothari, S. P., Laguerre, T. E., & Leone, A. J. (2002). Capitalization versus expensing: Evidence on the uncertainty of future earnings from capital expenditures versus R&D outlays. Review of Accounting Studies, 7(4), 355–382. Hart, S. L., & Ahuja, G. (1996). Does it pay to be green? An empirical examination of the relationship between emission reduction and firm performance. Business Strategy and the Environment, 5(1), 30–37 Russo, M. V., & Fouts, P. A. (1997). A resource-based perspective on corporate environmental performance and profitability. Academy of Management Journal, 40(3), 534–559. Hoang, T., Przychodzen, W., Przychodzen, J., and Segbotangni, E. A. (2020). Does it pay to be green? A disaggregated analysis of U.S. firms with green patents. Bus. Strategy Environ.29 (3), 1331–1361 Liu, L. (2024). Green innovation, firm performance, and risk mitigation: Evidence from the USA. Environment, Development and Sustainability, 26(9), 24009–24030. Kogan, L., Papanikolaou, D., Seru, A., & Stoffman, N. (2017). Technological innovation, resource allocation, and growth. Quarterly Journal of Economics, 132(2), 665–712. Semenova, A., Semenov, K., & Storchevoy, M. (2023). One, Two, Three: How Many Green Patents Start Bringing Financial Benefits for Small, Medium and Large Firms? Economies, 11(5), 137. | - |
| dc.identifier.uri | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/98531 | - |
| dc.description.abstract | 本研究探討一般專利與綠色專利對企業市場評價與未來財務績效的影響。
使用 2000 年至 2023 年美國公司資料，實證結果顯示，綠色專利的品質與公司 市值呈現正向關聯，但綠色專利數量則無顯著影響。一般專利品質可穩定預測 未來獲利能力並降低盈餘波動，而綠色專利在這兩方面的影響則較弱或不顯 著。研究結果顯示，資本市場更重視創新品質而非單純數量，特別是在綠色技 術領域。此外，綠色創新的財務回報可能存在更高的不確定性或延遲現象。本 研究整體部分支持既定假說，並突顯一般與綠色創新在市場評價上扮演的不同 角色。 | zh_TW |
| dc.description.abstract | This study examines how general and green patents impact firm market valuation and future financial performance. Using U.S. firm-year panel data from 2000 to 2023, we find that green patent quality is positively associated with firm value, while green patent quantity is not. General patent quality consistently predicts higher future profitability and lower earnings volatility, whereas green patents show weaker or insignificant effects. These results suggest that capital markets prioritize innovation quality over quantity, particularly for green technologies, and that the financial returns from green innovation may be more uncertain or delayed. Overall, our findings partially support the proposed hypotheses, highlighting the differential roles of general and green innovation. | en |
| dc.description.provenance | Submitted by admin ntu (admin@lib.ntu.edu.tw) on 2025-08-14T16:28:35Z No. of bitstreams: 0 | en |
| dc.description.provenance | Made available in DSpace on 2025-08-14T16:28:35Z (GMT). No. of bitstreams: 0 | en |
| dc.description.tableofcontents | 口試委員會審定書 i
致謝 ii 摘要 iii Abstract iv Table of Contents v List of Tables vii I. Introduction 1 II. Literature Review and Hypothesis Development 3 II.1. Patents, Patent Quality, and Market Value 3 II.2. Green Patents and Market Value 5 II.3. Patents, Patent Quality, and Future Financial Performance 7 II.4. Green Patents and Future Financial Performance 8 III. Research design and sample selection 10 III.1. Sample selection 10 III.2. Variable Construction 12 III.2.1. Dependent Variables 12 III.2.2. Independent Variables 13 III.2.3. Control Variables 15 III.3. Empirical Models 15 III.4. Descriptive Statistics 17 III.5. Univariate Correlations 19 IV. Regression Tests of Market Value 21 V. Regression Tests of Future Financial Performance 25 V.1. The Mean Level of Future Financial Performance 25 V.2. The Volatility of Future Financial Performance 29 VI. Additional Test 32 VII. Conclusion 36 Reference 38 | - |
| dc.language.iso | zh_TW | - |
| dc.subject | 專利品質 | zh_TW |
| dc.subject | 綠色專利 | zh_TW |
| dc.subject | 創新 | zh_TW |
| dc.subject | 市場評價 | zh_TW |
| dc.subject | 財務績效 | zh_TW |
| dc.subject | Financial performance | en |
| dc.subject | Market valuation | en |
| dc.subject | Innovation | en |
| dc.subject | Patent quality | en |
| dc.subject | Green patents | en |
| dc.title | 一般專利與綠色專利對市場評價與財務績效影響之比較 | zh_TW |
| dc.title | The Relative Impact of General and Green Patents on Market Valuation and Financial Performance | en |
| dc.type | Thesis | - |
| dc.date.schoolyear | 113-2 | - |
| dc.description.degree | 碩士 | - |
| dc.contributor.oralexamcommittee | 王衍智;戚務君 | zh_TW |
| dc.contributor.oralexamcommittee | Yan-Zhi Wang;Wu-Chun Chi | en |
| dc.subject.keyword | 綠色專利,專利品質,財務績效,市場評價,創新, | zh_TW |
| dc.subject.keyword | Green patents,Patent quality,Financial performance,Market valuation,Innovation, | en |
| dc.relation.page | 39 | - |
| dc.identifier.doi | 10.6342/NTU202501077 | - |
| dc.rights.note | 未授權 | - |
| dc.date.accepted | 2025-07-24 | - |
| dc.contributor.author-college | 管理學院 | - |
| dc.contributor.author-dept | 會計學系 | - |
| dc.date.embargo-lift | N/A | - |
| 顯示於系所單位： | 會計學系 | |
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