Artikel
Financial market reaction to patent lawsuits against integrated circuit design companies
With the rapid advancement in technology, Taiwan's integrated circuit (IC) design companies have made a mark in the international semiconductor industry but are unable to independently develop the key core technologies they need. Therefore, strategic alliances, competition and cooperation have become a means for enterprises to quickly obtain patents and capture the market. However, listed companies upstream and downstream of Taiwan's supply chain have been facing patent infringement lawsuits in recent years. This research mainly aims to provide investors with investment strategies when companies face patent litigation, analyze the abnormal returns on the underlying stocks through the event research method, and use the cross-sectional multiple regression model to explore the changes in different factors based on the results. The empirical results show that positive abnormal returns are generated before and after a company faces patent litigation and the cumulative abnormal rewards are all positive and significant after the incident, which indicates that the company may still have an opportunity to make a profit when facing patent litigation, which can be used as a reference for investors.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal of Risk and Financial Management ; ISSN: 1911-8074 ; Volume: 14 ; Year: 2021 ; Issue: 9 ; Pages: 1-15 ; Basel: MDPI
- Classification
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Wirtschaft
- Subject
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market reaction
IC design
patent defendants
patent lawsuits
patent plaintiffs
- Event
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Geistige Schöpfung
- (who)
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Yu, Su-Chen
Shih, Kuang-Hsun
- Event
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Veröffentlichung
- (who)
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MDPI
- (where)
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Basel
- (when)
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2021
- DOI
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doi:10.3390/jrfm14090433
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Yu, Su-Chen
- Shih, Kuang-Hsun
- MDPI
Time of origin
- 2021
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Invasive and parametric simulation methods for integrated circuit analysis
Constraint propagation for analog and mixed-signal integrated circuit design
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Combinatorial algorithms for integrated circuit layout
Broadband Terahertz Photonic Integrated Circuit with Integrated Active Photonic Devices
Robustness Estimation of Automotive Integrated Circuit Packages
General linear methods for integrated circuit design
Integrated circuit analysis of the mouse visual system
Resistive RAM and peripheral circuitry : an integrated circuit perspective
Invasive and parametric simulation methods for integrated circuit analysis
Constraint propagation for analog and mixed-signal integrated circuit design
Developing Organic Electrochemical Electronics from Fundamentals to Integrated Circuit Components
Bending-stress management by stacking of ultrathin integrated circuit chips