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Intellectual property protection and enterprise innovation: Evidence from China

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  • Song, Yan
  • Xiu, Yifan
  • Zhao, Mengyang
  • Tian, Ye
  • Wang, Jingyuan

Abstract

In this paper, we introduce a conceptual framework to scrutinize the non-linear correlation between intellectual property protection and enterprise innovation performance using panel data (2012–2020) from listed firms. The results exhibit an inverted U-shaped relationship of IPP on EIP. Our analysis underscores the important role of R&D intensity and disclosure quality in this relation, identifying them as potential transmission channels for IPP's effect on EIP. Furthermore, empirical evidence suggests that when companies are state-owned or located in innovative pilot cities, the inverse U-shaped relationship becomes more pronounced. Conversely, this relationship is significantly weakened in markets with lower levels of competition.

Suggested Citation

  • Song, Yan & Xiu, Yifan & Zhao, Mengyang & Tian, Ye & Wang, Jingyuan, 2024. "Intellectual property protection and enterprise innovation: Evidence from China," Finance Research Letters, Elsevier, vol. 62(PB).
    • Handle: RePEc:eee:finlet:v:62:y:2024:i:pb:s1544612324002836
    DOI: 10.1016/j.frl.2024.105253
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    Cited by:

    1. Wei, Wei & Song, Yan & Jin, Ruifeng, 2024. "The impact of tax digitalization on corporate salary structures," Finance Research Letters, Elsevier, vol. 64(C).
    2. Fan, Hongwei & Yin, Junming & Usman, Muhammad & Li, Zhengguang, 2024. "Intellectual property protection and total factor productivity of enterprises: A quasi-natural experiment of intellectual property courts," Finance Research Letters, Elsevier, vol. 70(C).
    3. Yang, Xiangyang & Li, Zijun & Qiu, Zhaoxuan & Wang, Jinmin & Liu, Bei, 2024. "ESG performance and corporate technology innovation: Evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 206(C).

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