Nan Lin;Bo Ning;Thi Thu Ha Nguyen;Shihe Liang;

• 1:School of Finance
• 2: Fuzhou University of International Studies and Trade
• 3:School of Management
• 4: Xiamen University

Abstract：

Accelerating the development of the digital industry is a vital task for China to seize the commanding heights of international competition in the new era. Given the intangible, replicable, and easily infringed nature of digital technological achievements, strengthening the protection of digital intellectual property is particularly critical. This paper leverages the ongoing efforts to improve China's judicial system for intellectual property protection and exploits the staggered establishment of specialized intellectual property courts and tribunals(IPCs) across various regions since 2014 as a quasi-natural experiment. Based on a comprehensive dataset covering over 50 million new enterprises, we find that the introduction of IPCs significantly enhances the vibrancy of digital industry development in the jurisdictions concerned, as evidenced by a 12.5% increase in the share of digital startups among all newly founded firms. Mechanism analysis shows that stronger judicial protection of digital property rights boosts the innovation motivation of digital talent and the investment willingness of investors, thereby facilitating more digital innovation outcomes that underpin digital industrial growth. Heterogeneity analysis indicates that these effects are more pronounced in regions with stronger intellectual resources, more mature financial markets, and more proactive local policy and fiscal support. Finally, in terms of economic consequences, judicial empowerment of digital industry development significantly contributes to regional economic growth, making it an important driver of local development in the new era. This study provides robust evidence for the positive impact of judicial intellectual property protection on the development of the digital industry and offers important policy implications for China to gain a first-mover advantage in the global digital economy.

Key Words：

Abstract:

Keywords:

Foundation: 国家自然科学基金面上项目“行政执法数字化转型与公司财务行为:机制、影响及后果研究”(72472027);; 国家社科基金一般项目“数字技术的生产网络扩散效应研究”(24BJL075);; 福建省自然科学基金面上项目“新时代数字产权司法保护赋能数字产业发展研究”(2023J011136)的资助

Authors: Nan Lin;Bo Ning;Thi Thu Ha Nguyen;Shihe Liang;

References：

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• (1)本文尝试在稳健性检验中对不同的数字产业大类进行进一步细分,对不同大类分别检验司法保护的经济效果,但在实际处理过程中发现,很多企业可能出于长期发展的考虑,其工商登记的经营业务范围同时横跨多个大类,使得进一步细分存在困难,因此未增加这部分检验结果。 (2)为了验证数据的可信度,本文将获得的数据与公开信息进行比对,例如:全国市场监管工作会议指出,2019年前10个月,全国日均新注册企业达2万家,在本文的数据中,2019年共计新增企业816万家,日均新增企业与之相当。公开信息来源,国务院:http://www.gov.cn/guowuyuan/2019-12/28/content_5464620.htm。 (3)限于篇幅,结果留存备索。 (4)限于篇幅,完整描述性统计留存备索。 (5)限于篇幅,结果留存备索。 (6)限于篇幅,结果留存备索。 (7)戴若尘,祝仲坤,张晓波.2021.中国区域创新创业指数构建与空间格局:1990—2020[Z/OL].https://doi.org/10.18170/DVN/NJIVQB.