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Article: Property rights protection and corporate R&D: Evidence from China

TitleProperty rights protection and corporate R&D: Evidence from China
Authors
KeywordsCorporate R&D
Government grabbing hand
Property rights protection
Issue Date2010
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec
Citation
Journal Of Development Economics, 2010, v. 93 n. 1, p. 49-62 How to Cite?
AbstractFollowing the recent literature on institutions and economic growth, we examine the effects of property rights protection on corporate R&D. Using a unique 2003 World Bank survey of over 2400 firms in 18 Chinese cities, we obtain the following findings: (1) property rights protection is positively and significantly related to corporate R&D activity (for both process and product R&D); (2) government services and helping hand are conducive to corporate R&D, while informal payments to government officials are not; and (3) government ownership of firms and direct appointment of CEOs are negatively associated with corporate R&D activities. We also find that corporate R&D is positively related to firm size, and access to finance, but negatively related to product market competition and firm age. © 2009 Elsevier B.V.
Persistent Identifierhttp://hdl.handle.net/10722/85603
ISSN
2015 Impact Factor: 1.837
2015 SCImago Journal Rankings: 2.840
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLin, Cen_HK
dc.contributor.authorLin, Pen_HK
dc.contributor.authorSong, Fen_HK
dc.date.accessioned2010-09-06T09:07:04Z-
dc.date.available2010-09-06T09:07:04Z-
dc.date.issued2010en_HK
dc.identifier.citationJournal Of Development Economics, 2010, v. 93 n. 1, p. 49-62en_HK
dc.identifier.issn0304-3878en_HK
dc.identifier.urihttp://hdl.handle.net/10722/85603-
dc.description.abstractFollowing the recent literature on institutions and economic growth, we examine the effects of property rights protection on corporate R&D. Using a unique 2003 World Bank survey of over 2400 firms in 18 Chinese cities, we obtain the following findings: (1) property rights protection is positively and significantly related to corporate R&D activity (for both process and product R&D); (2) government services and helping hand are conducive to corporate R&D, while informal payments to government officials are not; and (3) government ownership of firms and direct appointment of CEOs are negatively associated with corporate R&D activities. We also find that corporate R&D is positively related to firm size, and access to finance, but negatively related to product market competition and firm age. © 2009 Elsevier B.V.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devecen_HK
dc.relation.ispartofJournal of Development Economicsen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsJournal of Development Economics. Copyright © Elsevier BV.en_HK
dc.rightsNOTICE: this is the author’s version of a work that was accepted for publication in Journal of Development Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Development Economics, 2010, v. 93 n. 1, p. 49-62. DOI: 10.1016/j.jdeveco.2009.04.006-
dc.subjectCorporate R&Den_HK
dc.subjectGovernment grabbing handen_HK
dc.subjectProperty rights protectionen_HK
dc.titleProperty rights protection and corporate R&D: Evidence from Chinaen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0304-3878&volume=93&issue=1&spage=49&epage=62&date=2010&atitle=Property+rights+protection+and+corporate+RandD:+Evidence+from+Chinaen_HK
dc.identifier.emailSong, F: fmsong@hkucc.hku.hken_HK
dc.identifier.authoritySong, F=rp01095en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.jdeveco.2009.04.006en_HK
dc.identifier.scopuseid_2-s2.0-77953361735en_HK
dc.identifier.hkuros163190en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77953361735&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume93en_HK
dc.identifier.issue1en_HK
dc.identifier.spage49en_HK
dc.identifier.epage62en_HK
dc.identifier.isiWOS:000279138800005-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridLin, C=25630694300en_HK
dc.identifier.scopusauthoridLin, P=7403225546en_HK
dc.identifier.scopusauthoridSong, F=7203075605en_HK
dc.identifier.citeulike5204212-

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