Study On The Relationship Of Intellectual Property Right And Business Performance On New Energy Listed Companies

In the knowledge economy era, intellectual property right is increasingly important for the developmentof enterprises. To disclosure the intellectual property information can not only reflect the ability of enterprisesin technological innovation and development but also attract investment.At the same time, along with thetraditional energy prices rising, new energy industry which makes new technology as the core competitivenessis attracted widespread attention in the world.The paper chooses the new energy listed companies as researchobject and consider the annual reports from2007to2011of new energy A-share listed companies in stockmarket of Shenzhen and Shanghai in order to summary analysis the current situation of intellectual propertyinformation.To test the correlation of intellectual property right in the invest and benefit of new energyenterprises,the author utilizes panel data and multiple linear regression model to inspect the contribution ofintellectual property right to business performance and investigates the correlation of different typesintellectual property right especially technology-based intellectual property and business performance。The results indicate that the listed companies pay great attention to the investment of intellectual propertyright and the total and average are growing. However, intellectual property right in the proportion of intangibleassets and total assets are very low, intellectual property value needs to be improved and there aredevelopment differences between the various enterprises.The paper also points out that intellectual propertyright and technology-based intellectual property right show a significant positive correlation with businessperformance,it means the more intellectual property right, the more profit.At the same time, compared withother intangible assets and other intellectual property right, the contribution of intellectual property right andtechnology-based intellectual property right to business performance is higher. The impact of intellectualproperty right on business performance exists hysteresis and hysteresis is gradually shortened,the lag period isnot clear.