Please use this identifier to cite or link to this item: http://hdl.handle.net/11455/24566
標題: 研究發展、人力資源支出與專利權的價值攸關性-以台灣資訊電子業為例
The Value Relevance of R&D,Human Resource Expenditure and Patent ---The Evidences of Taiwan Information and Electronic Industry
作者: 曾靖雯
Tseng, Ching-Wen
關鍵字: 人力資源支出
http://etds.lib.nchu.edu.tw/etdservice/view_metadata?etdun=U0005-2207200813291500
研究發展
專利權
出版社: 高階經理人碩士在職專班
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摘要: 在知識經濟的時代,無形資產對價值的重要性已超越一般有形資產,然而無形資產的評價並不容易,本文則是從人力資源投入、研究發展支出與專利權取得數對公司價值的影響,探討智慧資本投資活動是否具有價值創造的功能。因此本研究以Ohlson(1995)的評價模型為分析基礎,利用民國92年至95年台灣上市上櫃電子業為研究對象,探討人力資源投入、研究發展支出與專利權取得數與公司價值之關聯性。研究結果發現: (一)雖人力資源支出對於企業價值的影響並不顯著;但員工分紅對於企業價值則出現正向顯著的影響。 (二)研究發展密集度對於企業價值呈現正向顯著的影響。 (三)累積專利權取得數對於企業價值有正向顯著的影響。
In the knowledge-based economy, the value of intangible assets goes beyond physical assets. But the value of intangible assets is difficult to evaluate. This study is to explore the value-create abilities of intellectual capital by the effects of the inputs of human resource, R&D and accumulative patents on the value. Using the data of information and electric industry of Taiwan listed and OTC companies from 2003 to 2006, the study explored the relationship between the inputs of human resource, R&D and accumulative patents on the firm's value basing on Ohlson''s pricing model (1995). The findings of this paper are as follows: 1.The Human resource expenditure have negatively effects on firm''s value, but employees'' bonus sharing have positive effects. 2.The inputs of R&D have positive effects on firm''s value. 3.The accumulative patents have positive effects on firm''s value.
URI: http://hdl.handle.net/11455/24566
其他識別: U0005-2207200813291500
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