The power of paper: Scientific disclosure and firm innovation

Qifeng Zhao, Qianfeng Luo and Yunqing Tao

Finance Research Letters, 2023, vol. 56, issue C

Abstract: 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.

Keywords: Scientific disclosure; Corporate innovation; Market signal; Human capital; Standard (search for similar items in EconPapers)
JEL-codes: G31 O32 O36 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612323005196
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:56:y:2023:i:c:s1544612323005196

DOI: 10.1016/j.frl.2023.104147

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().