What do U.S. biopharmaceutical companies get from patents and research and development spikes for their dynamic corporate performance?

被引：2
|
作者：
Wang, Wei-Kang [1 ]
Lu, Wen-Min [2 ]
Kweh, Qian Long [3 ]
Hoang Tu Nhi Truong [1 ]
机构：
[1] Yuan Ze Univ, Dept Accounting, Taoyuan, Taiwan
[2] Chinese Culture Univ, Dept Int Business Adm, 55 Hwa Kang Rd, Taipei 114, Taiwan
[3] Canadian Univ Dubai, Fac Management, Dubai, U Arab Emirates
来源：
MANAGERIAL AND DECISION ECONOMICS | 2020年 / 41卷 / 05期
关键词：
INTELLECTUAL PROPERTY-RIGHTS; MARKET VALUE; OPERATING PERFORMANCE; CONTEXTUAL VARIABLES; FIRM VALUE; INNOVATION; EFFICIENCY; PRODUCTIVITY; INVESTMENT; IMPACT;
D O I：
10.1002/mde.3135
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates how patents and research and development (R&D) spikes affect the corporate performance of 863 firm-year observations of U.S. biopharmaceutical companies. First, a dynamic data envelopment analysis model is adopted to evaluate the performance of the U.S. biopharmaceutical companies. Then, ordinary least squares regression is used to explore the effects of three patent-related variables (patent counts, citations, and claims) and R&D spikes on corporate performance. This study finds positive impacts of patent counts, citations, and claims on corporate performance. In addition, the results show that R&D spikes have negative contemporaneous effects and time-lagged effects on corporate performance.
引用
收藏
页码：762 / 770
页数：9
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