Judicial independence and corporate innovation: Evidence from the establishment of circuit courts

Lai, Shaojie; Yang, Laifeng; Wang, Qing; Anderson, Hamish D.

doi:10.1016/j.jcorpfin.2023.102424

Cited by 21 publications

(1 citation statement)

References 59 publications

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“…Zhou et al (2019) empirically analyzed the relationship between judicial protection, legal services, and technology innovation with the finite element model and Driscoll‐Kraay standard error method, and indicated that judicial protection has a significant positive effect on innovation. Lai et al (2023) demonstrated that a well‐functioning judicial system facilitates better intellectual property rights protection and ensures a level playing field, which stimulates corporate innovation.…”

Section: Literature Reviewmentioning

confidence: 99%

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Nie,

Qi,

Feng

2024

Manage Decis Econ

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Based on the establishment of China's intellectual property (IP) courts, this article examines the impact of intellectual property judicial protection (IPJP) on corporate innovation using the sample of China's A‐shared listed firms from 2013 to 2021 by the time‐varying difference‐in‐differences (DID) model. The result shows that IP courts have a significant positive effect on corporate innovation, mainly by increasing innovation factor input, including expenditure of R&D funds and R&D personnel quantity. Additionally, the effect is stronger for invention patents and in non‐state‐owned firms, small firms, high‐tech firms, and firms with low financing constraints.

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Section: Literature Reviewmentioning

confidence: 99%

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Nie,

Qi,

Feng

2024

Manage Decis Econ

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Driving toward business sustainability: Empirical evidence from low‐carbon practices

Wang,

Tuo,

Zhang

et al. 2024

Bus Strat Env

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This study investigated the effect of low‐carbon practices on business sustainability, delved into the underlying mechanisms that exist between them, and designed the recipes tailored toward promoting business sustainability in both high and low‐level. Based on a sample of 681 firms with 1376 observations from 2020 to 2022 that disclose the low‐carbon practices in MD&A, we employed a quasi‐replication method comprising regression analysis and fuzzy‐set qualitative comparative analysis (fsQCA) to test hypotheses and explore pathways. Regression analysis results demonstrate that low‐carbon practices significantly promote business sustainability and underscore the mediation effect of technological innovation capacity, alongside the moderating influence of R&D funding and government incentives and penalties. Additionally, fsQCA results reveal a pronounced synergistic impact emanating from multiple antecedent conditions, rather than a singular factor, in driving both high‐ and low‐level business sustainability. The findings on sustainable business operations management are invaluable for decision‐makers seeking to establish a low‐carbon strategic initiative that adeptly addresses the diverse opportunities and complexities posed by global environmental concerns.

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Can product specialization improve the internationalization level of enterprises? Empirical evidence from “SRDI” enterprises

Xu,

Pan

2024

Manage Decis Econ

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Cultivating “SRDI” (abbreviation for “Specialized,” “Refinement,” “Differential,” and “Innovation”) enterprises can help solve the current “bottleneck” problems faced by China, enhance the stability and competitiveness of the industrial chain and supply chain, and promote high‐quality economic development. Using the “SRDI” enterprises listed in Shanghai and Shenzhen A‐shares in 2011–2021 as samples, this paper empirically tests the effect of product specialization on the internationalization level of “SRDI” enterprises. The results show that the product specialization of “SRDI” enterprises can significantly improve their internationalization level. Heterogeneity analysis shows that under the conditions of executives with overseas experience, a low degree of financing constraint, and fierce competition in the product market, the product specialization of “SRDI” enterprises has a more significant effect on improving their internationalization level. Therefore, China's “SRDI” enterprises should focus on the core business, give full play to the advantages of specialized operation, actively promote the internationalization strategy, and attach importance to the internal training and external recruitment of overseas executives. Governments at all levels should improve the policy support system, strengthen the incentive mechanism of scientific and technological innovation, and alleviate the financing constraints of “SRDI” enterprises.

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Judicial independence and corporate innovation: Evidence from the establishment of circuit courts

Cited by 21 publications

References 59 publications

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Intellectual property judicial protection, innovation factor input, and corporate innovation: Evidence from the establishment of intellectual property courts in China

Driving toward business sustainability: Empirical evidence from low‐carbon practices

Can product specialization improve the internationalization level of enterprises? Empirical evidence from “SRDI” enterprises

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