Financial Innovation, Financial Patents and Business Performance: An Empirical Study on the Banking Industry in Taiwan

Asian Economic and Financial Review

article

Ting-Kun Liu¹ 

[1] Department of Finance, Chaoyang University of Technology

关键词: Banking;    Business performance;    Efficiency;    Financial patents;    Monetary policy;    Panel data model;    Productivity.;   

DOI  :  10.55493/5002.v12i11.4634

学科分类：社会科学、人文和艺术（综合）

来源: Asian Economic and Social Society

【 摘 要 】

There have been a lot of discussions on financial patents abroad, while the number of domestic fintech patent applications is still small. In view of the past research on financial innovation and financial patents on company performance, the results are inconsistent. Therefore, in this study, a panel data model of the impact of financial innovation and financial patents on business performance in Taiwan's banking industry from 2005 to 2020 is constructed, and the performance determinants of financial innovation and financial patents are further explored. This study also uses the data envelopment analysis (DEA) to distinguish between those who have invested in financial patents and those who have not and compares the difference between their efficiency. Finally, the sample is divided into public and private banks, and financial holding and non-financial holding banks to further examine the differences in the influencing factors of the sub-samples. The results show that non-financial holding banks continue to improve their technical efficiency to keep up with the fierce competition in the banking industry.

【 授权许可】

CC BY