中文摘要：

[目的／意义]专利质量对企业自身、对投资人以及其他利益相关者都至关重要，但是关于专利质量与企业价值相关性分析的研究并不多见。[方法／过程]选取了中国创业板上市的100家企业2010—2015年专利指标与企业价值托宾Q值数据，采用面板格兰杰因果检验，研究了专利指标和托宾Q值的关系，并在此基础上选取专利实力指标，建立企业专利实力指数，对企业综合专利实力指数进行了计算，并与这些企业的股票市场表现进行了比较分析。[结果／结论]研究结果表明：企业专利实力指数的高低与其股票的市场表现高度相关。

英文摘要：

[ Purpose/Significance] Patent quality is crucial to enterprises themselves, investors and other stakeholders, however, the study of correlation analysis of patent quality and enterprise value is insufficient. [ Method/Process] This paper studies the relationship between patent index and Tobin＇s Q value data by selecting the patent index and Tobin＇s Q value data of enterprise value of 100 Chinese GEM listed enterprises and adopting panel Granger causality test, based on which it selects the patent leading index, determines the weight of index by means of analytic hierarchy process, establishes the patent leading index of enterprise, and calculates the general patent leading index of enterprises, and conducts comparative analysis of it and the stock market performance of these enterprises. [ Result/Conclusion ] The study results show that： the patent leading index of enterprise is closely related to the enterprise＇s stock market performance.