The power of paper: Scientific disclosure and firm innovation

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.