ABSTRACT
Using the panel data of Chinese A-share listed companies from 2010 to 2019, this paper empirically tests the impact of intellectual property protection and religious culture on enterprise dynamic capabilities. It is found that intellectual property protection and religious culture have a significant promoting effect on the dynamic capabilities of enterprises. And there is a substitution effect between intellectual property protection and religious culture. After the robustness test, the benchmark research conclusion is still valid. Heterogeneity analysis shows that intellectual property protection and religious culture have heterogeneous effects on firms with different financing constraints. Further analysis shows that intellectual property protection can improve the innovation level of enterprises by improving dynamic capabilities.
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Xing Li
Xing Li is a PhD candidate in School of Economics and Management, Nanjing University of Science and Technology. His main research field is innovation management and strategic management.
Yong Qi
Yong Qi is a professor at the School of Economics and Management and the School of Intellectual Property of Nanjing University of Science and Technology. His research interests include innovation management, regional economic and industrial development. He is the corresponding author of this paper.
Guiyang Zhang
Guiyang Zhang is an assistant professor in School of Economics and Management, Nanjing University of Science and Technology. His research interests mainly focus on open innovation, R&D management.