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| R&D Investment,Intellectual Property Protection and Quality of Enterprise Innovation |
| Chen Zhanguang1,Li Guangwei2,Liang Tian3,Wang Qiaowan1 |
| （1.School of Economics and Management,Tsinghua University,Beijing 100084,China;2.School of Arts and Sciences,National University of Defense Technology,Changsha 410073,China;3.Business School,Renmin University of China,Beijing 100872,China） |
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Abstract The quality of innovation is on heated discussion under the background of “Mass entrepreneurship and innovation” and “Made in China 2025” in China,and it is also an important capability of enterprises.This paper uses the data of China's A-share listed companies from 2008 to 2016 to study the relationship between R&D investment,intellectual property protection and the quality of enterprise innovation,and to examine the regulatory mechanism of intellectual property protection between R&D investment and corporate innovation quality.This paper finds that:R&D investment can significantly improve the innovation quality of enterprises；There is a clear “U” relationship between intellectual property protection and enterprise innovation quality；There is an "optimal interval" for the regulatory mechanism of intellectual property protection between R&D investment and corporate innovation quality.The conclusions of this paper will further improve the understanding of how intellectual property protection will affect enterprise innovation,and according to the intellectual property protection data of provincial administrative regions,we provide suggestion on how to formulate innovative development strategies according to local conditions at the national,provincial and enterprise levels.This paper is of theoretical and practical significance to some extent.
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Received: 04 December 2019
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