本研究以國內103家高科技公司為分析對象，探討專利權對公司績效之影響與其遞延效果。採追蹤資料(Panel Data)，在Hausman Test檢驗下，以固定效果模型(Fixed Effect Model)對2004年至2010年之專利資料如何影響2006年至2010年之財務資料，進行實證迴歸分析。實證結果顯示，遞延一年之總專利權數與遞延一年之新型專利權與財務績效(ROA、ROE)成顯著正相關；而各類型專利權與市場績效(Tobin’s Q)則呈不顯著負相關。因此本文認為，國內總專利權數與新型專利權確實會為公司提升經營績效，並具一年之遞延效果(time lag effect)；但市場投資人可能認為國內專利較無價值或低估國內專利價值，實證結果並不如預期。

In this study, it targets 103 high-techs Company based in Taiwan. The purpose of this study is to investigate how patent influences the company’s performance under deferred effects. Using panel data method and fixed-effects model, under Hausman-Test, it would like to determine how patents from 2004 to 2010 has an impact on the performance of the company from 2006 to 2010.
The empirical results have shown that the total number of patents and the utility patent for one-year lag has a positive significant impact on performance such as ROA and ROE; but the different type of patent option is negatively insignificant to Tobin’s Q.
Therefore, results from this study is that total number of patent and the utility patent for one-year lag does increase the company performance; although investors believes the patent in Taiwan are not valuable or have underestimate its value. The empirical results are not as expected.

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