Intellectual property protection, religious culture and dynamic capabilities of enterprises: evidence from Chinese listed companies

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.

KEYWORDS:

• Intellectual property protection
• religious culture
• dynamic capabilities
• institutional environment

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Funding

This paper was supported by the National Natural Science Foundation of China (NSFC) [grant number 71974096], [grant number 71673135], National Social Science Fund of China [grant number 21CGL004], Philosophy and Social Science Fund of Jiangsu Province (CN) [grant number 20GLC012], Postgraduate Research & Practice Innovation Program of Jiangsu Province [grant number KYCX22_0557].

Notes on contributors

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.