Financial Market Reaction to Patent Lawsuits against Integrated Circuit Design Companies
نویسندگان
چکیده
With the rapid advancement in technology, Taiwan’s integrated circuit (IC) design companies have made a mark international semiconductor industry but are unable to independently develop key core technologies they need. Therefore, strategic alliances, competition and cooperation become means for enterprises quickly obtain patents capture market. However, listed upstream downstream of supply chain been facing patent infringement lawsuits recent years. This research mainly aims provide investors with investment strategies when face litigation, analyze abnormal returns on underlying stocks through event method, use cross-sectional multiple regression model explore changes different factors based results. The empirical results show that positive generated before after company faces litigation cumulative rewards all significant incident, which indicates may still an opportunity make profit can be used as reference investors.
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ژورنال
عنوان ژورنال: Journal of risk and financial management
سال: 2021
ISSN: ['1911-8074', '1911-8066']
DOI: https://doi.org/10.3390/jrfm14090433