Intellectual property protection and total factor productivity of enterprises: A quasi-natural experiment of intellectual property courts

Hongwei Fan, Junming Yin, Muhammad Usman and Zhengguang Li

Finance Research Letters, 2024, vol. 70, issue C

Abstract: This study reveals that the establishment of intellectual property courts can significantly improve the TFP of enterprises. After a series of robustness tests, the conclusion is still valid. Mechanistic research finds that the establishment of intellectual property courts can promote TFP of enterprises by strengthening regional law enforcement, improving the quality of enterprise innovation, and enhancing the regional business environment. Intellectual property rights protection has heterogeneous effects on different ownership types, enterprise sizes, and product competitive position. Intellectual property protection is highly important for improving the total factor productivity of enterprises and achieving high-quality economic development.

Keywords: Intellectual property protection; Total factor productivity; Intellectual property courts; Enterprise innovation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:70:y:2024:i:c:s1544612324012650

DOI: 10.1016/j.frl.2024.106236

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