{"title":"创新、知识产权保护和金融市场:来自中国的证据","authors":"Po-Hsuan Hsu, W. Chaopeng","doi":"10.2139/ssrn.1629331","DOIUrl":null,"url":null,"abstract":"This study explores the interaction between innovations and financial markets using data of China that present significant geographic variations in development. Provincial banking development encourages local innovations, and provincial intellectual property (IP) protection raises the market values of local firms. Firm-level innovations have a positive effect on market valuation and predict stock returns. Moreover, provincial IP piracy deteriorates the market values of innovative local firms in high-tech industries.","PeriodicalId":237857,"journal":{"name":"IRPN: Innovation & Other Intellectual Property Law & Policy (Sub-Topic)","volume":"10 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2010-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Innovations, Intellectual Property Protection, and Financial Markets: Evidence from China\",\"authors\":\"Po-Hsuan Hsu, W. Chaopeng\",\"doi\":\"10.2139/ssrn.1629331\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study explores the interaction between innovations and financial markets using data of China that present significant geographic variations in development. Provincial banking development encourages local innovations, and provincial intellectual property (IP) protection raises the market values of local firms. Firm-level innovations have a positive effect on market valuation and predict stock returns. Moreover, provincial IP piracy deteriorates the market values of innovative local firms in high-tech industries.\",\"PeriodicalId\":237857,\"journal\":{\"name\":\"IRPN: Innovation & Other Intellectual Property Law & Policy (Sub-Topic)\",\"volume\":\"10 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2010-07-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"IRPN: Innovation & Other Intellectual Property Law & Policy (Sub-Topic)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.1629331\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"IRPN: Innovation & Other Intellectual Property Law & Policy (Sub-Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1629331","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Innovations, Intellectual Property Protection, and Financial Markets: Evidence from China
This study explores the interaction between innovations and financial markets using data of China that present significant geographic variations in development. Provincial banking development encourages local innovations, and provincial intellectual property (IP) protection raises the market values of local firms. Firm-level innovations have a positive effect on market valuation and predict stock returns. Moreover, provincial IP piracy deteriorates the market values of innovative local firms in high-tech industries.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
