Research on the dual driving effects of intellectual property protection and government subsidies on total factor productivity growth

Ruiqi Yang and Junjie Cai

Finance Research Letters, 2025, vol. 73, issue C

Abstract: This comprehensive study delves deeply into an extensive dataset of China's A-share publicly listed companies, spanning the years from 2012 to 2022. It focuses on unraveling the intricate interplay between intellectual property (IP) protection frameworks and government subsidies. Our findings reveal a discernible and positive correlation: the strength of IP protection mechanisms within a particular region is directly proportional to the total factor productivity (TFP) achieved by the firms domiciled there. This underscores that companies operating in regions with robust IP safeguards exhibit superior TFP performance. Furthermore, in regions characterized by strong IP protection, government subsidies emerge as potent catalysts, significantly spurring corporate innovation efforts.

Keywords: Intellectual property protection; Government subsidies; Enterprise total factor productivity (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:73:y:2025:i:c:s1544612324016209

DOI: 10.1016/j.frl.2024.106591

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