How does intellectual property protection contribute to the digital transformation of enterprises?

Jinglei Wen and Yujiao Deng

Finance Research Letters, 2023, vol. 58, issue PA

Abstract: This paper examines the effect of Intellectual Property Protection (IPP) on firm digital transformation (DT) using a three-dimensional panel dataset of Chinese-listed companies and cities from 2012 to 2020. Our findings reveal a significant and robust positive relationship between IPP and firm DT, even after addressing endogeneity concerns. Mechanism analysis demonstrates that IPP promotes firm DT by alleviating financing constraints and incentivizing research and development (R&D) investments. The results highlight the role of IPP in fostering an environment conducive to digital transformation and provide valuable insights for policymakers and firms aiming to enhance their digital capabilities.

Keywords: Intellectual property protection; Digital transformation; Financing constraints; R&D investment (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323007122

DOI: 10.1016/j.frl.2023.104340

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