Intellectual property, institutional dynamics, and firm innovation

William Chongyang Zhou and Ruicheng Wang

Science and Public Policy, 2020, vol. 47, issue 3, 299-312

Abstract: The relationship between intellectual property (IP) and innovation has been discussed extensively in extant literature. However, the dynamic essence of IP as an institutional context, particularly its setback and reversal, has received little attention. Through the lens of institutional dynamics theory, this study identifies four asymmetric categories of IP institutional dynamics: accelerating reforms, decaying reforms, decaying reversals, and accelerating reversals in a typical emerging market, China. Favorable institutional dynamics (i.e. accelerating reforms and decaying reversals) improve firms’ R&D efficiency, whereas unfavorable institutional dynamics (i.e. decaying reforms and accelerating reversals) reduce R&D efficiency. Moreover, R&D input decreases in an unfavorable institutional context.

Keywords: intellectual property; institutional dynamics; patent; innovation (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1093/scipol/scaa004 (application/pdf)
Access to full text is restricted to subscribers.

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:oup:scippl:v:47:y:2020:i:3:p:299-312.

Access Statistics for this article

Science and Public Policy is currently edited by Nicoletta Corrocher, Jeong-Dong Lee, Mireille Matt and Nicholas Vonortas

More articles in Science and Public Policy from Oxford University Press
Bibliographic data for series maintained by Oxford University Press ().