DOES ENFORCEMENT OF INTELLECTUAL PROPERTY RIGHTS MATTER IN CHINA? EVIDENCE FROM FINANCING AND INVESTMENT CHOICES IN THE HIGH-TECH INDUSTRY

被引：372

作者：

Ang, James S. ^{[1
]}

Cheng, Yingmei ^{[1
]}

Wu, Chaopeng ^{[2
]}

机构：

[1] Florida State Univ, Tallahassee, FL 32306 USA

[2] Xiamen Univ, Xiamen, Peoples R China

来源：

REVIEW OF ECONOMICS AND STATISTICS | 2014年 / 96卷 / 02期

基金：

中国国家自然科学基金;

关键词：

ECONOMIC-GROWTH; PANEL-DATA; INNOVATION; PROTECTION; BANKS; LAW; GMM;

D O I：

10.1162/REST_a_00372

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：332 / 348

页数：17

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