Intellectual property protection and enterprise innovation: Evidence from China

被引：14

作者：

Song, Yan ^{[1
]}

Xiu, Yifan ^{[1
]}

Zhao, Mengyang ^{[2
]}

Tian, Ye ^{[3
]}

Wang, Jingyuan ^{[4
]}

机构：

[1] Shanghai Int Studies Univ, Sch Business Management, Shanghai 201620, Peoples R China

[2] Harbin Engn Univ, Sch Econ & Management, Harbin 150001, Heilongjiang, Peoples R China

[3] East Univ Heilongjiang, Sch Econ & Int Trade, Harbin 150066, Heilongjiang, Peoples R China

[4] Dongbei Univ Finance & Econ, Sch Accounting, Dalian 116025, Peoples R China

来源：

FINANCE RESEARCH LETTERS | 2024年 / 62卷

基金：

中国国家自然科学基金;

关键词：

Intellectual property protection; Innovation performance; Transmission mechanisms; Inverted u -shaped relationship; RESEARCH-AND-DEVELOPMENT; RIGHTS; DISCLOSURE; IMITATION; RETURNS; GROWTH;

D O I：

10.1016/j.frl.2024.105253

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

In this paper, we introduce a conceptual framework to scrutinize the non-linear correlation between intellectual property protection and enterprise innovation performance using panel data (2012-2020) from listed firms. The results exhibit an inverted U-shaped relationship of IPP on EIP. Our analysis underscores the important role of R&D intensity and disclosure quality in this relation, identifying them as potential transmission channels for IPP's effect on EIP. Furthermore, empirical evidence suggests that when companies are state-owned or located in innovative pilot cities, the inverse U-shaped relationship becomes more pronounced. Conversely, this relationship is significantly weakened in markets with lower levels of competition.

引用

页数：8

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