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Can Intellectual Property Protection Promote Firm Digital Innovation? A Firm Life Cycle Perspective
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Yin Wang1, 2, Mingming Zhang2, Cuixue Jia2, Lu Zhang3, Lingjing Wang4
Journal of Technology Economics | 2025, 44(8) : 64 - 79
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Journal of Technology Economics | 2025, 44(8): 64-79
• Enterprise Technology Economics •
Can Intellectual Property Protection Promote Firm Digital Innovation? A Firm Life Cycle Perspective
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Yin Wang1, 2, Mingming Zhang2, Cuixue Jia2, Lu Zhang3, Lingjing Wang4
Affiliations
  • 1.School of International Business, Tianjin University of Finance and Economics, Tianjin 300221, China
  • 2.School of Business, Tianjin University of Finance and Economics, Tianjin 300221, China
  • 3.School of Economics and Management, Inner Mongolia University of Technology, Hohhot 010051, China
  • 4.School of Management, Jinan University, Guangzhou 510632, China
Published: 2025-08-25 doi: 10.12404/j.issn.1002-980X.J24031206
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In the new context of the digital economy, intellectual property protection as an important means for enterprises to engage in independent innovation and improve market competitiveness. In view of this, panel data from A-share listed companies in Shanghai and Shenzhen from 2011 to 2021 and provincial-level data were used to test the impact and mechanism of intellectual property protection on enterprise digital innovation. The results show as follows. Overall, intellectual property protection can promote enterprise digital innovation. In terms of life cycle, the promotion effect of intellectual property protection on digital innovation is more significant in growing enterprises. Mechanism analysis shows that intellectual property protection can promote enterprise digital innovation through two paths: reducing R&D spillovers and alleviating financing constraints. Heterogeneity analysis shows that the promotion effect of intellectual property protection on digital innovation is more pronounced in growing service industry enterprises, high-tech enterprises, and private enterprises. The research expands the research perspective of digital innovation, provides theoretical reference for relevant management departments to formulate and improve intellectual property protection policies, and also provides guidance for enterprises to develop digital innovation.

intellectual property protection  /  enterprise digital innovation  /  enterprise life cycle  /  R&D spillover  /  financing constraints
王寅, 张明明, 贾翠雪, 张璐, 王凌靖. 知识产权保护能促进企业数字创新吗？——企业生命周期的视角. 技术经济, 2025 , 44 (8) : 64 -79 . DOI: 10.12404/j.issn.1002-980X.J24031206
Yin Wang, Mingming Zhang, Cuixue Jia, Lu Zhang, Lingjing Wang. Can Intellectual Property Protection Promote Firm Digital Innovation? A Firm Life Cycle Perspective[J]. Journal of Technology Economics, 2025 , 44 (8) : 64 -79 . DOI: 10.12404/j.issn.1002-980X.J24031206
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Year 2025 volume 44 Issue 8
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Article Info
doi: 10.12404/j.issn.1002-980X.J24031206
  • Receive Date：2024-03-12
  • Online Date：2026-10-27
  • Published：2025-08-25
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  • Received：2024-03-12
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Affiliations
    1.School of International Business, Tianjin University of Finance and Economics, Tianjin 300221, China
    2.School of Business, Tianjin University of Finance and Economics, Tianjin 300221, China
    3.School of Economics and Management, Inner Mongolia University of Technology, Hohhot 010051, China
    4.School of Management, Jinan University, Guangzhou 510632, China
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红菇科 Russulaceae 3 23 11.00 小皮伞属 Marasmius 6 2.87
小菇属 Mycena 11 5.26
光柄菇属 Pluteus 5 2.39
红菇属 Russula 17 8.13
栓菌属 Trametes 5 2.39
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