Intellectual property protection and enterprise innovation: Evidence from China

被引：10
|
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.
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页数：8
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