期刊
REVIEW OF FINANCIAL STUDIES
卷 30, 期 7, 页码 2446-2477出版社
OXFORD UNIV PRESS INC
DOI: 10.1093/rfs/hhx023
关键词
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资金
- Harvard Business School's Division of Research
- National Natural Science Foundation of China [71272082, 71232005, 71402156, 71532012]
- Major Research Project of Philosophical and Social Sciences of China Education Ministry [15JZD019]
Using a difference-in-differences 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.
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