Innovation or imitation? The role of intellectual property rights protections

Fan, Joseph P. H., Gillan, Stuart L. and Yu, Xin (2013) Innovation or imitation? The role of intellectual property rights protections. Journal of Multinational Financial Management, 23 3: 208-234. doi:10.1016/j.mulfin.2013.03.001

Author Fan, Joseph P. H.
Gillan, Stuart L.
Yu, Xin
Title Innovation or imitation? The role of intellectual property rights protections
Journal name Journal of Multinational Financial Management   Check publisher's open access policy
ISSN 1042-444X
Publication date 2013-07
Sub-type Article (original research)
DOI 10.1016/j.mulfin.2013.03.001
Volume 23
Issue 3
Start page 208
End page 234
Total pages 27
Place of publication Amsterdam, Netherlands
Publisher Elsevier North-Holland
Collection year 2014
Language eng
Formatted abstract
We study how uncompensated research and development (R&D) spillovers – the leakage of proprietary information through imitation or theft – affect firms’ investment decisions. Using variation in property rights protections across different regions within China we find that (1) uncompensated spillovers are greater in regions with weaker property rights, (2) such spillovers are associated with lower R&D expenditures, and (3) the latter is exacerbated in low property rights regimes. In addition to identifying a specific channel through which legal protections affect incentives for innovation and R&D, our results support arguments in the literature that the enforcement of property rights affects firm investment and growth.
Keyword Innovation
Intellectual property rights
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
UQ Business School Publications
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Citation counts: Scopus Citation Count Cited 8 times in Scopus Article | Citations
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Created: Wed, 09 Oct 2013, 15:36:50 EST by Karen Morgan on behalf of UQ Business School