R&D, Patent Arrangements, and Financial Performances: Evidence from Taiwan

  • Matthew C. Chang Graduate School of Business Administration, Hsuan Chuang University
  • Yi-Hsien Wang Department of Finance and Banking, Chinese Culture University
  • Jui-Cheng Hung Department of Finance and Banking, Chinese Culture University
  • Chen Sun Graduate School of Business Administration, Hsuan Chuang University

Abstract

In this study, we investigate the relationships among R&D, patent arrangements, and financial performances for the firms listed on the Taiwan Stock Exchange (TWSE). In particular, we apply Vector Autoregression (VAR) to examine the relationships of the listed firms classified as industries of Semiconductor, Computer and Peripheral Equipment, Optoelectronic, Communications and Internet, Electronic Parts & Components, Electronic Products Distribution, and Other Electronic, by the TWSE. In sum, we find the different lead-lag relationships among R&D, patent arrangements, and financial performances in different industries, indicating important insight into patent arrangements.
Keywords: R&D, Patents, Financial Performances, TWSE
Published online
2015-03-25
How to Cite
Chang, M., Wang, Y.-H., Hung, J.-C. and Sun, C. (2015) “R&D, Patent Arrangements, and Financial Performances: Evidence from Taiwan”, Periodica Polytechnica Social and Management Sciences, 23(1), pp. 25-40. https://doi.org/10.3311/PPso.7967.
Section
Articles