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.

引用

页数：11

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