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本文采用2007~2015年新三板市场企业数据研究了知识产权保护对中小企业创新的影响。实证研究发现,知识产权保护提高了企业进行研发创新的积极性;其次,知识产权保护对中小企业创新影响具有异质性,即知识产权保护促进了低研发强度企业的创新,降低了高研发强度企业的创新;此外,知识产权保护具有累积效应,持续的知识产权保护可以形成良好的创新环境,有助于提升资本市场对企业研发创新的价值认同。
This article studies the impact of intellectual property protection on the innovation of small and medium-sized enterprises by using the data of the new three-board market from 2007 to 2015. Empirical study found that the protection of intellectual property increased the enthusiasm of enterprises to carry out research and innovation; Secondly, the impact of intellectual property protection on innovation of SMEs is heterogeneous, that is, the protection of intellectual property promotes the innovation of enterprises with low R & D intensity and reduces the enterprises with high R & D intensity In addition, the protection of intellectual property rights has a cumulative effect. The continuous protection of intellectual property rights can create a favorable environment for innovation and help enhance the value recognition of capital markets in R & D and innovation of enterprises.