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Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China

Lily Fang, Josh Lerner and Chaopeng Wu

No 22685, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Using a difference-in-difference approach, we study how intellectual property right (IPR) protection affects innovation in China in the years around the privatizations of state-owned enterprises (SOEs). Innovation increases after SOE privatizations, and this increase is larger in cities with strong IPR protection. Our results support theoretical arguments that IPR protection strengthens firms’ incentives to innovate and that private sector firms are more sensitive to IPR protection than SOEs.

JEL-codes: G24 J33 L26 (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-cna, nep-ino, nep-ipr, nep-knm, nep-tid and nep-tra
Note: CF
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Published as Lily H. Fang & Josh Lerner & Chaopeng Wu, 2017. "Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China," The Review of Financial Studies, vol 30(7), pages 2446-2477.

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