Intellectual property protection and corporate investment efficiency: An analysis of the moderating effect based on financial technology transfer

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-14 DOI:10.1016/j.frl.2025.107766

Jiaying Wu, Yu Yang

引用次数: 0

Abstract

Based on data from Chinese A-share listed companies and regional data in China from 2012 to 2023, this paper explores the relationship between intellectual property protection, financial technology transfer, and corporate investment efficiency. The research findings indicate that intellectual property protection enhances corporate investment efficiency; financial technology transfer positively moderates the effect of intellectual property protection on corporate investment efficiency; and the moderating effect of financial technology transfer exhibits heterogeneity between profit-making and non-profit-making enterprises.

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知识产权保护与企业投资效率：基于金融技术转移的调节效应分析

本文基于2012 - 2023年中国a股上市公司数据和中国区域数据，探讨知识产权保护、金融技术转移与企业投资效率之间的关系。研究结果表明，知识产权保护提高了企业投资效率；金融技术转移正向调节知识产权保护对企业投资效率的影响；金融技术转移的调节效应在营利性企业和非营利性企业之间呈现异质性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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