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Issue:

Biographies

 

Written by:

Mark G

 

Date added:

March 25, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

56 / 15593

 

Was viewed:

1880 times

 

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Essay content:

The results indicate that change of patent citation impact is positively associated with future earnings, particularly in industries with relatively short time lags between technological advances and profit realization (e.g., computers, electronics, and medical equipment). The strength of this relation also significantly increases with time for up to five years in the future...
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The strength of this relation also significantly increases with time for up to five years in the future. Market participants, including investors and analysts, however, do not fully incorporate the implication of enhanced innovation capabilities for future earnings into stock prices and earnings forecasts...
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