Patent strategies in the digital revolution: How businesses use digital technology patents to optimize resource allocation efficiency

Xuejing Lv, Bosi Zhao, Defang Cheng and Chenyang Xia

Finance Research Letters, 2024, vol. 67, issue PA

Abstract: This study assesses how digital technology patents affect resource allocation efficiency in China's nonfinancial firms (2009–2021) using a benchmark regression model. It finds that both the quantity and quality of these patents significantly improve allocation efficiency, especially in highly digitalized sectors. The analysis suggests that patents enhance efficiency via better innovation but their impact varies across enterprise types. Recommendations are made based on these findings.

Keywords: Digital technology patents; Innovation efficiency; Resource allocation efficiency (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1544612324008651
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:67:y:2024:i:pa:s1544612324008651

DOI: 10.1016/j.frl.2024.105835

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 ().