Intellectual property protection and enterprise innovation: Evidence from China

Yan Song, Yifan Xiu, Mengyang Zhao, Ye Tian and Jingyuan Wang

Finance Research Letters, 2024, vol. 62, issue PB

Abstract: In this paper, we introduce a conceptual framework to scrutinize the non-linear correlation between intellectual property protection and enterprise innovation performance using panel data (2012–2020) from listed firms. The results exhibit an inverted U-shaped relationship of IPP on EIP. Our analysis underscores the important role of R&D intensity and disclosure quality in this relation, identifying them as potential transmission channels for IPP's effect on EIP. Furthermore, empirical evidence suggests that when companies are state-owned or located in innovative pilot cities, the inverse U-shaped relationship becomes more pronounced. Conversely, this relationship is significantly weakened in markets with lower levels of competition.

Keywords: Intellectual property protection; Innovation performance; Transmission mechanisms; Inverted u-shaped relationship (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324002836
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:62:y:2024:i:pb:s1544612324002836

DOI: 10.1016/j.frl.2024.105253

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 ().