专利质押是否提升了企业全要素生产率?——基于中国专利质押试点的准自然实验

被引:18
作者
孟祥旭
机构
[1] 厦门大学经济学院
关键词
专利质押; 融资约束; 企业创新; 全要素生产率;
D O I
暂无
中图分类号
F832.4 [信贷]; F275 [企业财务管理]; F832.51 [];
学科分类号
1201 ; 020204 ; 1202 ; 120202 ;
摘要
本文基于中国2008年以来分批实施的专利质押试点准自然实验,使用沪深A股上市公司2005—2020年数据和多时点DID方法实证检验了专利质押政策的实施对企业全要素生产率的影响。研究发现,专利质押显著促进了企业全要素生产率的提升,平行趋势检验和一系列稳健性检验均表明本文的研究结果是稳健的。专利质押对不同类型企业全要素生产率的影响不同。作用机制分析发现,专利质押政策能够促进企业获得外部融资,降低有形资产在企业融资中的作用,促进企业发明专利产出的增加。
引用
收藏
页码:124 / 137
页数:14
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