The power of paper: Scientific disclosure and firm innovation

被引：2
|
作者：
Zhao, Qifeng [1 ]
Luo, Qianfeng [2 ]
Tao, Yunqing [3 ]
机构：
[1] Chinese Acad Social Sci, Inst Quantitat & Technol Econ IQTE, Beijing, Peoples R China
[2] Chinese Acad Social Sci, Rural Dev Inst RDI, Beijing, Peoples R China
[3] Peking Univ, Inst Digital Finance, Natl Sch Dev, Beijing, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 56卷
基金：
中国国家自然科学基金;
关键词：
Scientific disclosure; Corporate innovation; Market signal; Human capital; Standard; CORPORATE; SPILLOVERS; SCIENCE;
D O I：
10.1016/j.frl.2023.104147
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This research investigates the relationship between scientific disclosure and innovation in Chinese listed firms from 2006 to 2018. Our findings indicate a positive correlation between scientific disclosure and both the quantity and quality of a firm's patents. Scientific disclosure enhances innovation by enhancing market credibility, pursuing standards, and attracting high-quality talent. The positive impact of scientific disclosure is particularly notable in firms with high levels of knowledge and R & D density, as well as those with independent central research institutes and state-owned enterprises. Overall, our investigation emphasizes the crucial significance of scientific disclosure in promoting innovation in emerging markets.
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页数：11
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