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Article: Property rights protection and corporate R&D: Evidence from China
Title | Property rights protection and corporate R&D: Evidence from China |
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Authors | |
Keywords | Corporate R&D Government grabbing hand Property rights protection |
Issue Date | 2010 |
Publisher | Elsevier 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? |
Abstract | Following 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 Identifier | http://hdl.handle.net/10722/85603 |
ISSN | 2023 Impact Factor: 5.1 2023 SCImago Journal Rankings: 3.737 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Lin, C | en_HK |
dc.contributor.author | Lin, P | en_HK |
dc.contributor.author | Song, F | en_HK |
dc.date.accessioned | 2010-09-06T09:07:04Z | - |
dc.date.available | 2010-09-06T09:07:04Z | - |
dc.date.issued | 2010 | en_HK |
dc.identifier.citation | Journal Of Development Economics, 2010, v. 93 n. 1, p. 49-62 | en_HK |
dc.identifier.issn | 0304-3878 | en_HK |
dc.identifier.uri | http://hdl.handle.net/10722/85603 | - |
dc.description.abstract | Following 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.language | eng | en_HK |
dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/devec | en_HK |
dc.relation.ispartof | Journal of Development Economics | en_HK |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.rights | Journal of Development Economics. Copyright © Elsevier BV. | en_HK |
dc.rights | NOTICE: 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.subject | Corporate R&D | en_HK |
dc.subject | Government grabbing hand | en_HK |
dc.subject | Property rights protection | en_HK |
dc.title | Property rights protection and corporate R&D: Evidence from China | en_HK |
dc.type | Article | en_HK |
dc.identifier.openurl | http://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+China | en_HK |
dc.identifier.email | Song, F: fmsong@hkucc.hku.hk | en_HK |
dc.identifier.authority | Song, F=rp01095 | en_HK |
dc.description.nature | postprint | - |
dc.identifier.doi | 10.1016/j.jdeveco.2009.04.006 | en_HK |
dc.identifier.scopus | eid_2-s2.0-77953361735 | en_HK |
dc.identifier.hkuros | 163190 | en_HK |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-77953361735&selection=ref&src=s&origin=recordpage | en_HK |
dc.identifier.volume | 93 | en_HK |
dc.identifier.issue | 1 | en_HK |
dc.identifier.spage | 49 | en_HK |
dc.identifier.epage | 62 | en_HK |
dc.identifier.isi | WOS:000279138800005 | - |
dc.publisher.place | Netherlands | en_HK |
dc.identifier.scopusauthorid | Lin, C=25630694300 | en_HK |
dc.identifier.scopusauthorid | Lin, P=7403225546 | en_HK |
dc.identifier.scopusauthorid | Song, F=7203075605 | en_HK |
dc.identifier.citeulike | 5204212 | - |
dc.identifier.issnl | 0304-3878 | - |