Does Enforcement of Intellectual Property Rights Matter in China? Evidence from Financing and Investment Choices in the High-Tech Industry
The Review of Economics and Statistics
2014
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.
- DOI
- 10.1162/rest_a_00372
- Volume
- 96 (2)
- Pages
- 332-348
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref