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Re-examine the determinants of market value from the perspectives of patent analysis and patent litigation

Author

Listed:
  • Yu-Shan Chen

    (National Taipei University)

  • Yu-Hsien Lin

    (University of Taipei)

  • Tai-Hsi Wu

    (National Taipei University)

  • Shu-Tzu Hung

    (National Taipei University)

  • Pei-Ju Lucy Ting

    (National Taipei University)

  • Chen-Han Hsieh

    (National Taipei University)

Abstract

This study re-examined the determinants of market value from the perspectives of patent analysis and patent litigation in the American semiconductor industry. We used artificial neural networks to explore the influences of patent counts, defendant counts of patent litigation, and patent share on market value in the American semiconductor industry. The patent data were collected from the United States Patent and Trademark Office, legal data were collected from the database of Westlaw and the financial data were collected from the database of COMPUSTAT. The results show that patent counts and defendant counts of patent litigation have a positive effect on corporate performance in the American semiconductor industry. However, patent share has a negative effect on corporate performance in the American semiconductor industry. Accordingly, we can apply the three indicators, patent counts, defendant counts of patent litigation, and patent share, to assess market value of American semiconductor companies.

Suggested Citation

  • Yu-Shan Chen & Yu-Hsien Lin & Tai-Hsi Wu & Shu-Tzu Hung & Pei-Ju Lucy Ting & Chen-Han Hsieh, 2019. "Re-examine the determinants of market value from the perspectives of patent analysis and patent litigation," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(1), pages 1-17, July.
    • Handle: RePEc:spr:scient:v:120:y:2019:i:1:d:10.1007_s11192-019-03119-7
    DOI: 10.1007/s11192-019-03119-7
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