Intellectual property rights protection and survival risk - historical evidence from Chinese R&D firms

The firm survival risk is essential to intellectual property strategy implementing in China, however only a few studies focus on this problem. The paper investigates the effect of intellectual property rights protection system (IPR) on survival risk. Specifically, we use an event history analysis to...

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Bibliographic Details
Published inTechnology analysis & strategic management Vol. 36; no. 2; pp. 336 - 348
Main Authors Zongke, Bao, Chengfang, Wang, Qiaoxin, Xie
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.02.2024
Taylor & Francis Ltd
Subjects
Companies
Cox model
Event history analysis
Innovations
Intellectual property
Intellectual property right
Millennium
Property rights
R&D
R&D firms
Research & development
Risk
Survival
survival risk
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Summary:The firm survival risk is essential to intellectual property strategy implementing in China, however only a few studies focus on this problem. The paper investigates the effect of intellectual property rights protection system (IPR) on survival risk. Specifically, we use an event history analysis to track 8486 firms entering the market from the year 2000, and employ computing methods of the time-dependent Cox model. One important finding from this study is that the survival risks of R&D firms can be reduced approximately 22.57% by every additional unit of intellectual property, and the marginal effect raises to 28.33% with the exclusion of the administrative factors. Another important finding is that the relationship between IPR protection and survival risk is affected by R&D revenue. Finally, the survival risk for all those firms with substantive innovation rather than strategic innovation can be greatly affected by IPR system.
ISSN:0953-7325
1465-3990
DOI:10.1080/09537325.2022.2033718