The impact of innovation policy and intellectual property judicial system on manufacturing corporate exploitative and exploratory innovation

IF 4.9 2区 社会学 Q2 ENVIRONMENTAL SCIENCES
Bing Sun , Jian Li , Tao Xia
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引用次数: 0

Abstract

We estimate how innovation policy and intellectual property judicial system adopted by the Chinese government since the 21st century, intellectual property demonstration cities (IP-City) and intellectual property courts (IP-Court), have affected manufacturing corporate exploitative and exploratory innovation. Empirically, we conduct the analysis based on panel data for 853 A-shared listed manufacturing corporations from 2010–2021 of China and difference-in-differences model. The findings indicate that IP-City and IP-Court contributed to increases in corporate exploratory innovation of approximately 14.6 % and 13.1 %, respectively, and that the two policies had complementary effects. However, the two policies do not significantly incentivize exploratory innovation. Alleviating financing constraints is an important mechanism for the IP-City policy. For corporations with better ESG performance, lower management power strength, located in the central and western regions, in high-tech industries, and in nonpolluting industries, the two policies had more pronounced effects.
创新政策与知识产权司法制度对制造业企业探索性创新的影响
本文对21世纪以来中国政府的创新政策和知识产权司法制度、知识产权示范城市(IP-City)和知识产权法院(IP-Court)如何影响制造业企业的探索性创新和探索性创新进行了研究。实证研究采用2010-2021年853家中国a股制造业上市公司面板数据,采用差异中的差异模型进行分析。研究结果表明,知识产权城市和知识产权法院对企业探索性创新的贡献率分别约为14.6%和13.1%,两者具有互补效应。然而,这两项政策并没有显著激励探索性创新。缓解融资约束是知识产权城市政策的重要机制。对于ESG绩效较好、管理权力强度较低、位于中西部地区、高技术产业和无污染产业的企业,两项政策的效果更为明显。
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来源期刊
Sustainable Futures
Sustainable Futures Social Sciences-Sociology and Political Science
CiteScore
9.30
自引率
1.80%
发文量
34
审稿时长
71 days
期刊介绍: Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.
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