The Impact of R&D Investment and Invention Patents on The Value of New-Generation Information Technology Firms

Authors

  • Fei Chen

DOI:

https://doi.org/10.54097/fbem.v5i2.1665

Keywords:

Innovation input, STAR Market, Enterprise value.

Abstract

Technological innovation is the main criterion for selecting listed companies on the Science and Technology Innovation Board(STAR Market). Research and Development(R&D) and patents are the beginning and result of technological innovation, reflecting the success or failure of technological innovation, relating to the company's operation situation, and then affecting the company's performance in the capital market. This paper studies the impact of R&D investment and invention patents on company value by taking the new generation of information technology industry companies listed on the STAR Market from 2019 to 2020 as samples. The results show that R&D investment and invention patents increase the revenue and profit of the new generation of IT industry companies, which increases the company's value in the capital market. The R&D investment and invention patents of private enterprises increase the value more significantly, and actively promote the transformation of scientific research achievements into production capacity. These studies help investors make investment decisions and tap the value of non-financial data of listed companies.

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Published

20 September 2022

How to Cite

Chen, F. (2022). The Impact of R&D Investment and Invention Patents on The Value of New-Generation Information Technology Firms. Frontiers in Business, Economics and Management, 5(2), 59–66. https://doi.org/10.54097/fbem.v5i2.1665

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Articles