運用專利資料庫建置股市進退場機制系統

Use of the Taiwan Patent Search System to Analyze Stock Market

許多研究證明，企業研究能力對於企業發展有正相關的影響，本研究利用中華民國專利資料庫交叉比對台灣股市的變動關係，整理出相關係數較高的類股，進行調查實驗並利用創新的二元問卷法、傳統的李克特五等選項量表問卷、及常被使用的層級分析法AHP問卷，進行研發情報對股市進退場影響因子的重要程度探討，進而得到進退場指數。運用分析結果，設計研發情報分析進退場系統，內容包括：(1)資料解析子系統 (2)因子評估子系統 (3)研發情報分析進場子系統 (4)研發情報分析退場子系統。此研發情報，可讓投資者儘早得知企業研發技術之前瞻性或熱門度，而能夠在該企業股價被低估時便提早進場，或是在投資之企業面對其他競爭者的惡性競爭、削價策略而減少營收及企業價值之前儘早退場，以確保投資者之獲利。

In view of current corporate innovative activities, numerous studies have confirmed that an enterprise's research capacity is positively related to its development. This study adopted the Taiwan Patent Search System to compare changing relationships in Taiwan's stock market and compile stocks with a higher correlation coefficient for in-depth surveys and experiments. This study employed an innovative binary response questionnaire, a conventional 5-point Likert scale, and the frequently used method of analytic hierarchy process to investigate and compare the importance of research and development (R&D) information to factors affecting stock market entry and exit, and thereby derive an entry - exit indicator. Subsequently, the results were used to design an R&D information-based entry - exit system. This system included subsystems for data analysis, factor assessment, and R&D information-based analyses for market entry and exit. The R&D information ensures investors' profits by enabling them to learn of the prospect or popularity of an enterprise's R&D technologies as early as possible, enter the stock market when the stock price of the enterprise is underestimated, or exit the market as soon as possible before the invested enterprise's revenue and value decrease due to vicious competition from or price reduction strategies implemented by other competitors.