A relationship between technology indicators and stock market performance

One of the main objectives of technology analyses is to understand how investing intechnological innovation can have commercial benefits. However, empirical studies of therelationship between investments in technology and subsequent economic performance arerelatively scarce. This paper provides such an analysis by demonstrating how quantitative R&Dand technology indicators may be used to forecast company stock price performance. The purposeof the analysis is to utilize a unique patent database, and the science and technology indicatorsdeveloped from the data therein, to explore this issue of technological competence and economicperformance.