Does Enforcement of Intellectual Property Rights Matter in China? Evidence from Financing and Investment Choices in the High-Tech Industry

James S. Ang, Yingmei Cheng and Chaopeng Wu
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James S. Ang: Florida State University
Yingmei Cheng: Florida State University
Chaopeng Wu: Xiamen University

The Review of Economics and Statistics, 2014, vol. 96, issue 2, 332-348

Abstract: Using a unique and rich database of high-technology firms in China, we show that effective enforcement of intellectual property rights at the provincial level is critical in encouraging financing and investing in R&D. Better enforcement of intellectual property (IP) rights positively affects firms' ability to acquire new external debt and allows firms to invest in more R&D, generate more innovation patents, and produce more sales from new products. Our results suggest that facilitating financing and investing in R&D are the channels through which better IP rights enforcement can affect economic growth. © 2014 The President and Fellows of Harvard College and the Massachusetts Institute of Technology

Keywords: intellectual property; R&D; technology; China (search for similar items in EconPapers)
JEL-codes: G38 O30 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (129)

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