An Empirical Study On The Premium Effect Of Technology Patent In High-tech Industry

With the rapid development of economic globalization,the traditional industrial economy era has gradually been replaced by the era of knowledge economy.All countries in the world have strengthened the scientific and technological innovation ability to the strategic height of economic development.They promote economic development through scientific and technological innovation,with independent intellectual property ownership as an important indicator of scientific and technological development capacity.In order to improve the national competitiveness,the government work reports in 2015 pointed out that the government should implement a more in-depth strategic action plan and respect intellectual property rights.Moreover,the government should effectively protect inventions and make technological innovation flourish.As the core technology and independent intellectual property rights of high-tech enterprises,technology patents in its production and business activities in the more prominent.In the context of building an innovative country and implementing an IP strategy,this study focuses on the following issues:Whether high-tech enterprise technology patent has premium effect?What are the different types of technology patents that have different effects on the profitability of high-tech firms?Based on the domestic and foreign scholars' research on patent value,patent measurement and premium effect,this study creatively combine the technology patent and the premium effect and construct the corresponding measurement model.In this study,644 high-tech industry listed companies in China were selected as the research object.Based on the panel data of 2011-2015,this paper analyzes in depth the premium effect of technology patents in high-tech industry by the method of descriptive statistics,Pearson correlation test,univariate analysis and regression analysis.The study found:In the high-tech industry,the ownership of technology patents can significantly improve the operating profit of enterprises and have a premium effect on the development of the enterprise.There are significant differences in the impact of different types of patents on enterprises.Invention patent has no obvious effect on the operating profit of the enterprise,and its premium effect is lagging.Utility model patents and design patents can significantly increase the monopoly of corporate profits and have a premium effect on the development of the enterprise.The innovation of this research is that the premium effect is introduced into the field of technology patent for the first time,which enriches and expands the application scope of premium effect theory,and provides a new way to deeply understand the value contribution of technology patent to enterprise.The results of this study provide a theoretical basis for the development of appropriate patent strategy for high-tech enterprises,and provide useful practical guidance for government departments to effectively manage scientific and technological innovation of high-tech enterprises.