Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China

被引：381
|
作者：
Fang, Lily H. [1 ]
Lerner, Josh [2 ,3 ]
Wu, Chaopeng [4 ]
机构：
[1] INSEAD, 1 Ayer Rajah Ave, Singapore 138676, Singapore
[2] Harvard Univ, Cambridge, MA 02138 USA
[3] NBER, Cambridge, MA 02138 USA
[4] Xia Men Univ, Xiamen, Peoples R China
来源：
REVIEW OF FINANCIAL STUDIES | 2017年 / 30卷 / 07期
基金：
中国国家自然科学基金;
关键词：
FINANCE; GROWTH; INVESTMENT; INDUSTRY; FIRMS; LAW;
D O I：
10.1093/rfs/hhx023
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Using a difference-in-differences approach, we study how intellectual property right (IPR) protection affects innovation in China in the years around the privatizations of state-owned enterprises (SOEs). Innovation increases after SOE privatizations, and this increase is larger in cities with strong IPR protection. Our results support theoretical arguments that IPR protection strengthens firms' incentives to innovate and that private sector firms are more sensitive to IPR protection than SOEs.
引用
收藏
页码：2446 / 2477
页数：32
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