Intellectual Property Rights Protection, Science and Technology Intensity and Enterprise Innovation Investment

Abstract

Using the data sets of Chinese A-share listed companies from 2013 to 2017, we investigate the relationship between intellectual property rights (IPR) protection and innovation investment. The results show that IPR protection has positive effect on innovation investment and this positive relation is less announced among the firms with strong science and technology intensity. This research enriches the existing papers with the innovation effect of IPR protection, enlightens institutional reform in the field of intellectual property rights, and stimulates the innovation vitality of enterprises.