Does Property Rights Protection Affect Firm Innovation? Evidence from the Chinese Property Rights Law Enactment

Huafeng (Jason) Chen; Xiaofei Pan; Meijun Qian; Yiping Wu

doi:10.2139/ssrn.3031323

Does Property Rights Protection Affect Firm Innovation? Evidence from the Chinese Property Rights Law Enactment

Huafeng (Jason) Chen, Xiaofei Pan, Meijun Qian, Yiping Wu

Research output: Other contribution

Abstract

Using the 2007 property law enactment in China, we study the impact of property rights protection on firm innovation. We find that firms' innovation activities increase after the law enactment, and this effect is more pronounced for firms located in provinces with more efficient contract enforcement and better progress towards marketization. We also find that this interaction effect is stronger in firms with better corporate financing conditions. Overall, the results highlight the importance of property rights protection in promoting innovations.

Original language	English
DOIs	https://doi.org/10.2139/ssrn.3031323
Publication status	Published - 2017

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title = "Does Property Rights Protection Affect Firm Innovation? Evidence from the Chinese Property Rights Law Enactment",

abstract = "Using the 2007 property law enactment in China, we study the impact of property rights protection on firm innovation. We find that firms' innovation activities increase after the law enactment, and this effect is more pronounced for firms located in provinces with more efficient contract enforcement and better progress towards marketization. We also find that this interaction effect is stronger in firms with better corporate financing conditions. Overall, the results highlight the importance of property rights protection in promoting innovations.",

author = "Chen, {Huafeng (Jason)} and Xiaofei Pan and Meijun Qian and Yiping Wu",

year = "2017",

doi = "10.2139/ssrn.3031323",

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T1 - Does Property Rights Protection Affect Firm Innovation? Evidence from the Chinese Property Rights Law Enactment

AU - Chen, Huafeng (Jason)

AU - Pan, Xiaofei

AU - Qian, Meijun

AU - Wu, Yiping

PY - 2017

Y1 - 2017

N2 - Using the 2007 property law enactment in China, we study the impact of property rights protection on firm innovation. We find that firms' innovation activities increase after the law enactment, and this effect is more pronounced for firms located in provinces with more efficient contract enforcement and better progress towards marketization. We also find that this interaction effect is stronger in firms with better corporate financing conditions. Overall, the results highlight the importance of property rights protection in promoting innovations.

AB - Using the 2007 property law enactment in China, we study the impact of property rights protection on firm innovation. We find that firms' innovation activities increase after the law enactment, and this effect is more pronounced for firms located in provinces with more efficient contract enforcement and better progress towards marketization. We also find that this interaction effect is stronger in firms with better corporate financing conditions. Overall, the results highlight the importance of property rights protection in promoting innovations.

U2 - 10.2139/ssrn.3031323

DO - 10.2139/ssrn.3031323

M3 - Other contribution

ER -

Does Property Rights Protection Affect Firm Innovation? Evidence from the Chinese Property Rights Law Enactment

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