How does intellectual property protection contribute to the digital transformation of enterprises?

被引：17
|
作者：
Wen, Jinglei [1 ]
Deng, Yujiao [2 ]
机构：
[1] Hengyang Normal Univ, Law Sch, Hengyang 421010, Peoples R China
[2] Wuhan Railway Vocat Coll Technol, Sch Intelligent Mfg, Wuhan 430205, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
关键词：
Intellectual property protection; Digital transformation; Financing constraints; R & D investment; INNOVATION; POLICY;
D O I：
10.1016/j.frl.2023.104340
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the effect of Intellectual Property Protection (IPP) on firm digital transformation (DT) using a three-dimensional panel dataset of Chinese-listed companies and cities from 2012 to 2020. Our findings reveal a significant and robust positive relationship between IPP and firm DT, even after addressing endogeneity concerns. Mechanism analysis demonstrates that IPP promotes firm DT by alleviating financing constraints and incentivizing research and development (R & D) investments. The results highlight the role of IPP in fostering an environment conducive to digital transformation and provide valuable insights for policymakers and firms aiming to enhance their digital capabilities.
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收藏
页数：6
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