메뉴 건너뛰기




Volumn 77, Issue 8, 2010, Pages 1322-1338

Effects of technical innovation on market value of the U.S. semiconductor industry

Author keywords

Average Process Technology; Market value; Semiconductor industry; Technical innovation

Indexed keywords

EXPLANATORY VARIABLES; FABLESS; MAJOR FACTORS; MARKET VALUES; POSITIVE EFFECTS; PROCESS TECHNOLOGIES; PRODUCTS AND SERVICES; PROPORTIONAL CHANGE; PROXY VARIABLES; REGRESSION MODEL; SECURITIES MARKET; SEMICONDUCTOR INDUSTRY; TECHNICAL INNOVATION;

EID: 77956690835     PISSN: 00401625     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.techfore.2010.04.016     Document Type: Article
Times cited : (10)

References (42)
  • 1
    • 14044275693 scopus 로고    scopus 로고
    • Competitive strategies of Asian high-tech firms: the challenge of late-industrialization
    • Wong P.K., Mathews J. Competitive strategies of Asian high-tech firms: the challenge of late-industrialization. Int. J. Technol. Manage. 2006, 29(1/2):1-5.
    • (2006) Int. J. Technol. Manage. , vol.29 , Issue.1-2 , pp. 1-5
    • Wong, P.K.1    Mathews, J.2
  • 2
    • 0001165722 scopus 로고
    • The impact of intangible capital on Tobin's Q in the semiconductor industry
    • Megna P., Klock M. The impact of intangible capital on Tobin's Q in the semiconductor industry. Am. Econ. Rev. 1993, 83(2):265-269.
    • (1993) Am. Econ. Rev. , vol.83 , Issue.2 , pp. 265-269
    • Megna, P.1    Klock, M.2
  • 3
    • 33746351470 scopus 로고    scopus 로고
    • On the measurement of patent stock as knowledge indicators
    • Park G., Park Y. On the measurement of patent stock as knowledge indicators. Technol. Forecasting Soc. Change 2006, 73(7):793-812.
    • (2006) Technol. Forecasting Soc. Change , vol.73 , Issue.7 , pp. 793-812
    • Park, G.1    Park, Y.2
  • 4
    • 84867953195 scopus 로고    scopus 로고
    • Experience, experimentation, and the accumulation of knowledge: the evolution of R&D in the semiconductor industry
    • West J., Iansiti M. Experience, experimentation, and the accumulation of knowledge: the evolution of R&D in the semiconductor industry. Res. Policy 2003, 32(5):809-825.
    • (2003) Res. Policy , vol.32 , Issue.5 , pp. 809-825
    • West, J.1    Iansiti, M.2
  • 5
    • 0842312258 scopus 로고    scopus 로고
    • Building a foreign sales base: the roles of capabilities and alliances for entrepreneurial firms
    • Leiblein M.J., Reuer J. Building a foreign sales base: the roles of capabilities and alliances for entrepreneurial firms. J. Bus. Venturing 2004, 19(2):285-307.
    • (2004) J. Bus. Venturing , vol.19 , Issue.2 , pp. 285-307
    • Leiblein, M.J.1    Reuer, J.2
  • 6
    • 0041109945 scopus 로고    scopus 로고
    • Is the response of analysts to information consistent with fundamental valuation? The case of Intel
    • Cornell B. Is the response of analysts to information consistent with fundamental valuation? The case of Intel. Financ. Manage. 2001, 30(1):113-136.
    • (2001) Financ. Manage. , vol.30 , Issue.1 , pp. 113-136
    • Cornell, B.1
  • 7
    • 17944388124 scopus 로고    scopus 로고
    • Playing by the rules: how Intel avoids antitrust litigation
    • Yoffie D.B., Kwak M. Playing by the rules: how Intel avoids antitrust litigation. Harv. Bus. Rev. 2001, 79(6):119-122.
    • (2001) Harv. Bus. Rev. , vol.79 , Issue.6 , pp. 119-122
    • Yoffie, D.B.1    Kwak, M.2
  • 8
    • 3142771898 scopus 로고    scopus 로고
    • Intel's open collaborative model of industry-university research
    • Tennenhouse D. Intel's open collaborative model of industry-university research. Res. Technol. Manage. 2004, 47(4):19-26.
    • (2004) Res. Technol. Manage. , vol.47 , Issue.4 , pp. 19-26
    • Tennenhouse, D.1
  • 9
    • 33747441881 scopus 로고    scopus 로고
    • Moore's Law, competition, and Intel's productivity in the mid-1990s
    • Aizcorbe A. Moore's Law, competition, and Intel's productivity in the mid-1990s. Am. Econ. Rev. 2005, 95(2):305-308.
    • (2005) Am. Econ. Rev. , vol.95 , Issue.2 , pp. 305-308
    • Aizcorbe, A.1
  • 10
    • 0022807395 scopus 로고
    • Technological evolution of the semiconductor industry
    • Mody A., Wheeler D. Technological evolution of the semiconductor industry. Technol. Forecasting Soc. Change 1986, 30(3):197-205.
    • (1986) Technol. Forecasting Soc. Change , vol.30 , Issue.3 , pp. 197-205
    • Mody, A.1    Wheeler, D.2
  • 11
    • 0025103630 scopus 로고
    • Structural change and competitiveness: the U.S. semiconductor industry
    • Tassey G. Structural change and competitiveness: the U.S. semiconductor industry. Technol. Forecasting Soc. Change 1990, 37(1):85-93.
    • (1990) Technol. Forecasting Soc. Change , vol.37 , Issue.1 , pp. 85-93
    • Tassey, G.1
  • 12
    • 0001528304 scopus 로고    scopus 로고
    • Restructuring the American semiconductor industry: vertical integration of design houses and wafer fabricators
    • ÓhUallacháin B. Restructuring the American semiconductor industry: vertical integration of design houses and wafer fabricators. Ann. Assoc. Am. Geogr. 1997, 87(2):217-223.
    • (1997) Ann. Assoc. Am. Geogr. , vol.87 , Issue.2 , pp. 217-223
    • ÓhUallacháin, B.1
  • 13
    • 0033866009 scopus 로고    scopus 로고
    • Industrial alliances and firm location behavior: some evidence from the US semiconductor industry
    • Arita T., McCann P. Industrial alliances and firm location behavior: some evidence from the US semiconductor industry. Appl. Econ. 2000, 32(11):1391-1403.
    • (2000) Appl. Econ. , vol.32 , Issue.11 , pp. 1391-1403
    • Arita, T.1    McCann, P.2
  • 14
    • 0000504564 scopus 로고    scopus 로고
    • The nature, sources, and consequences of firm differences in the early history of the semiconductor industry
    • Holbrook D., Cohen W.M., Hounshell D.A. The nature, sources, and consequences of firm differences in the early history of the semiconductor industry. Strateg. Manage. J. 2000, 21(10/11):1017-1041.
    • (2000) Strateg. Manage. J. , vol.21 , Issue.10-11 , pp. 1017-1041
    • Holbrook, D.1    Cohen, W.M.2    Hounshell, D.A.3
  • 15
    • 1842482463 scopus 로고    scopus 로고
    • New challenges for US semiconductor industry
    • Spencer W.J. New challenges for US semiconductor industry. Issues in Sci. Technol. 2004, 20(2):79-86.
    • (2004) Issues in Sci. Technol. , vol.20 , Issue.2 , pp. 79-86
    • Spencer, W.J.1
  • 16
    • 12144260089 scopus 로고    scopus 로고
    • The semiconductor silicon industry roadmap: epochs driven by the dynamics between disruptive technologies and core competencies
    • Walsh S.T., Boylan R.L., McDermott C. The semiconductor silicon industry roadmap: epochs driven by the dynamics between disruptive technologies and core competencies. Technol. Forecasting Soc. Change 2005, 72(2):213-236.
    • (2005) Technol. Forecasting Soc. Change , vol.72 , Issue.2 , pp. 213-236
    • Walsh, S.T.1    Boylan, R.L.2    McDermott, C.3
  • 17
    • 34047196266 scopus 로고    scopus 로고
    • The role of clusters as sources of dynamic externalities in the US semiconductor industry
    • Ketelhöhn N.W. The role of clusters as sources of dynamic externalities in the US semiconductor industry. J. Econ. Geogr. 2006, 6(5):679-699.
    • (2006) J. Econ. Geogr. , vol.6 , Issue.5 , pp. 679-699
    • Ketelhöhn, N.W.1
  • 18
    • 0344146606 scopus 로고    scopus 로고
    • Innovating through strategic alliances: moving towards international partnerships and contractual agreements
    • Narula R., Hagedoorn J. Innovating through strategic alliances: moving towards international partnerships and contractual agreements. Technovation 1999, 19(5):283-294.
    • (1999) Technovation , vol.19 , Issue.5 , pp. 283-294
    • Narula, R.1    Hagedoorn, J.2
  • 19
    • 0002103691 scopus 로고    scopus 로고
    • A resource-based theory of strategic alliances
    • Das T.K., Teng B.S. A resource-based theory of strategic alliances. J. Manage. 2000, 26(1):31-61.
    • (2000) J. Manage. , vol.26 , Issue.1 , pp. 31-61
    • Das, T.K.1    Teng, B.S.2
  • 20
    • 2942652989 scopus 로고    scopus 로고
    • The effects of knowledge attributes, alliance characteristics, and absorptive capacity on knowledge transfer performance
    • Chen C.J. The effects of knowledge attributes, alliance characteristics, and absorptive capacity on knowledge transfer performance. R&D Manage. 2004, 34(3):311-321.
    • (2004) R&D Manage. , vol.34 , Issue.3 , pp. 311-321
    • Chen, C.J.1
  • 21
    • 11144331412 scopus 로고    scopus 로고
    • Linkage between strategic alliances and firm's business strategy: the case of the semiconductor industry
    • Yasuda H., Iijima J. Linkage between strategic alliances and firm's business strategy: the case of the semiconductor industry. Technovation 2005, 25(5):513-521.
    • (2005) Technovation , vol.25 , Issue.5 , pp. 513-521
    • Yasuda, H.1    Iijima, J.2
  • 22
    • 14044258640 scopus 로고    scopus 로고
    • A comparative study of the alliance experiences between US and Taiwanese firms
    • Chen C.J., Wu W.Y. A comparative study of the alliance experiences between US and Taiwanese firms. Int. J. Technol. Manage. 2005, 29(1/2):136-151.
    • (2005) Int. J. Technol. Manage. , vol.29 , Issue.1-2 , pp. 136-151
    • Chen, C.J.1    Wu, W.Y.2
  • 23
    • 0002661755 scopus 로고
    • A general equilibrium approach to monetary theory
    • Tobin J. A general equilibrium approach to monetary theory. J. Money, Credit, Bank. 1969, 1(1):15-29.
    • (1969) J. Money, Credit, Bank. , vol.1 , Issue.1 , pp. 15-29
    • Tobin, J.1
  • 24
    • 0003114392 scopus 로고
    • Market structure and market value
    • Hirschey M. Market structure and market value. J. Bus. 1985, 58(1):89-98.
    • (1985) J. Bus. , vol.58 , Issue.1 , pp. 89-98
    • Hirschey, M.1
  • 25
    • 0030362919 scopus 로고    scopus 로고
    • The impact of security analysts' monitoring and marketing functions on the market value of firms
    • Chung K.H., Jo H. The impact of security analysts' monitoring and marketing functions on the market value of firms. J. Financ. Quant. Anal. 1996, 31(4):493-512.
    • (1996) J. Financ. Quant. Anal. , vol.31 , Issue.4 , pp. 493-512
    • Chung, K.H.1    Jo, H.2
  • 26
    • 0042920350 scopus 로고    scopus 로고
    • The relation between patent citations and Tobin's Q in the semiconductor industry
    • Shane H., Klock M. The relation between patent citations and Tobin's Q in the semiconductor industry. Rev. Quant. Finan. Acc. 1997, 9(2):131-136.
    • (1997) Rev. Quant. Finan. Acc. , vol.9 , Issue.2 , pp. 131-136
    • Shane, H.1    Klock, M.2
  • 27
    • 0035585880 scopus 로고    scopus 로고
    • The use of foreign currency derivatives and firm market value
    • Allayannis G., Weston J.P. The use of foreign currency derivatives and firm market value. Rev. Financ. Stud. 2001, 14(1):243-276.
    • (2001) Rev. Financ. Stud. , vol.14 , Issue.1 , pp. 243-276
    • Allayannis, G.1    Weston, J.P.2
  • 28
    • 10344256238 scopus 로고    scopus 로고
    • Corporate governance and market valuation in China
    • Bai C.E., Liu Q., Song F.M., Zhang J. Corporate governance and market valuation in China. J. Comp. Econ. 2004, 32(4):599-616.
    • (2004) J. Comp. Econ. , vol.32 , Issue.4 , pp. 599-616
    • Bai, C.E.1    Liu, Q.2    Song, F.M.3    Zhang, J.4
  • 29
    • 31444454573 scopus 로고    scopus 로고
    • Patent citation, R&D spillover, and Tobin's Q: evidence from Taiwan semiconductor industry
    • Chin C., Lee P., Chi H.T. Patent citation, R&D spillover, and Tobin's Q: evidence from Taiwan semiconductor industry. Rev. Quant. Finan. Acc. 2006, 26(1):67-84.
    • (2006) Rev. Quant. Finan. Acc. , vol.26 , Issue.1 , pp. 67-84
    • Chin, C.1    Lee, P.2    Chi, H.T.3
  • 30
    • 33746780066 scopus 로고    scopus 로고
    • Does the market value R&D investment by European firms? Evidence from a panel of manufacturing firms in France, German, and Italy
    • Hall B.H., Oriani R. Does the market value R&D investment by European firms? Evidence from a panel of manufacturing firms in France, German, and Italy. Int. J. Ind. Organ. 2006, 24(5):971-993.
    • (2006) Int. J. Ind. Organ. , vol.24 , Issue.5 , pp. 971-993
    • Hall, B.H.1    Oriani, R.2
  • 31
    • 0000975241 scopus 로고    scopus 로고
    • Advertising, R&D expenditures and the market value of the firm
    • Chauvin K.W., Hirschey M. Advertising, R&D expenditures and the market value of the firm. Financ. Manage. 2001, 22(4):128-140.
    • (2001) Financ. Manage. , vol.22 , Issue.4 , pp. 128-140
    • Chauvin, K.W.1    Hirschey, M.2
  • 32
    • 0042418340 scopus 로고    scopus 로고
    • Innovation and market value in newly industrialized countries: the case of Taiwanese electronics firms
    • Yang C.H., Chen J.R. Innovation and market value in newly industrialized countries: the case of Taiwanese electronics firms. Asian Econ. J. 2003, 17(2):205-220.
    • (2003) Asian Econ. J. , vol.17 , Issue.2 , pp. 205-220
    • Yang, C.H.1    Chen, J.R.2
  • 33
    • 23944498842 scopus 로고    scopus 로고
    • Reporting goodwill: are the new accounting standards consistent with market valuation?
    • Churyk N.T. Reporting goodwill: are the new accounting standards consistent with market valuation?. J. Bus. Res. 2005, 58(10):1353-1361.
    • (2005) J. Bus. Res. , vol.58 , Issue.10 , pp. 1353-1361
    • Churyk, N.T.1
  • 34
    • 0031065132 scopus 로고    scopus 로고
    • A review of innovation research in economics, sociology and technology management
    • Gopalakrishnan S., Damanpour F. A review of innovation research in economics, sociology and technology management. Omega 1997, 25(1):147-166.
    • (1997) Omega , vol.25 , Issue.1 , pp. 147-166
    • Gopalakrishnan, S.1    Damanpour, F.2
  • 35
    • 0000967577 scopus 로고
    • A dual-core model of organizational innovation
    • Daft R.L. A dual-core model of organizational innovation. Acad. Manage. J. 1978, 21(2):193-210.
    • (1978) Acad. Manage. J. , vol.21 , Issue.2 , pp. 193-210
    • Daft, R.L.1
  • 36
    • 0019738250 scopus 로고
    • Organizational innovation: the influence of individual, organizational and contextual factors on hospital adoption of technological and administrative innovation
    • Kimberly J.R., Evanisko M. Organizational innovation: the influence of individual, organizational and contextual factors on hospital adoption of technological and administrative innovation. Acad. Manage. J. 1981, 24(4):689-713.
    • (1981) Acad. Manage. J. , vol.24 , Issue.4 , pp. 689-713
    • Kimberly, J.R.1    Evanisko, M.2
  • 37
    • 84935820421 scopus 로고
    • Organizational innovation and performance: the problem of organizational lag
    • Damanpour F., Evan W.E. Organizational innovation and performance: the problem of organizational lag. Adm. Sci. Q. 1984, 29(3):392-409.
    • (1984) Adm. Sci. Q. , vol.29 , Issue.3 , pp. 392-409
    • Damanpour, F.1    Evan, W.E.2
  • 38
    • 1842449702 scopus 로고    scopus 로고
    • Leveraging the advantage of early entry: proprietary technologies versus cost leadership
    • Coeurderoy R., Durand R. Leveraging the advantage of early entry: proprietary technologies versus cost leadership. J.Bus. Res. 2004, 57(6):583-590.
    • (2004) J.Bus. Res. , vol.57 , Issue.6 , pp. 583-590
    • Coeurderoy, R.1    Durand, R.2
  • 39
    • 0001027388 scopus 로고    scopus 로고
    • Market share, market value and innovation in a panel of British manufacturing firms
    • Blundell R., Griffith R., Reenen J.V. Market share, market value and innovation in a panel of British manufacturing firms. Rev. Econ. Stud. 1999, 66(3):529-554.
    • (1999) Rev. Econ. Stud. , vol.66 , Issue.3 , pp. 529-554
    • Blundell, R.1    Griffith, R.2    Reenen, J.V.3
  • 40
    • 14044250134 scopus 로고    scopus 로고
    • Virtual integration and profitability: some evidence from Taiwan's IC industry
    • Chu P.Y., Teng M.J., Huang C.H. Virtual integration and profitability: some evidence from Taiwan's IC industry. Int. J. Technol. Manage. 2005, 29(1/2):152-172.
    • (2005) Int. J. Technol. Manage. , vol.29 , Issue.1-2 , pp. 152-172
    • Chu, P.Y.1    Teng, M.J.2    Huang, C.H.3
  • 41
    • 26644445928 scopus 로고    scopus 로고
    • Determinants of the semiconductor industry cycles
    • Liu W.H. Determinants of the semiconductor industry cycles. J. Policy Model. 2005, 27(7):853-866.
    • (2005) J. Policy Model. , vol.27 , Issue.7 , pp. 853-866
    • Liu, W.H.1
  • 42
    • 1242298852 scopus 로고    scopus 로고
    • The relationship between research & innovation in the semiconductor & pharmaceutical industries (1981-1997)
    • Lim K. The relationship between research & innovation in the semiconductor & pharmaceutical industries (1981-1997). Res. Policy 2004, 33(2):287-321.
    • (2004) Res. Policy , vol.33 , Issue.2 , pp. 287-321
    • Lim, K.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.