dc.description.abstract |
Facing financial technology (FinTech), consumers not only change the financial trading behavior but also increase demand for financial services. With this situation, to maintain the existing market and increase more profit, this is the priority for the financial industry to think how to change their business model.
In order to enhance the competitiveness of the international financial market, domestic financial industry have launched electronic payment platform, mobile credit card and other innovative financial products, however, in Taiwan, under current laws and regulations, the attitude of our financial industry is still conservative. According to related reports, it is not very hard to find that our nearby countries own more financial patents than us, which means that the development of financial technology in Taiwan is very slow.
This research focus on the relationship between the financial patents and the stock price of the listed financial firms. For this purpose, collecting the book value and the abnormal surplus as the variable from the fourth quarter of 2012 to the fourth quarter of 2016, on the basis of the Ohlson model and empirical study by Panel data, to explore whether the financial patent will affect the value of the firm by investors.
The result shows that it is significant and positive correlation between the financial patents and the stock price. Therefore, the domestic financial industry should be more active to develop financial patents. | en_US |