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The power of paper: Scientific disclosure and firm innovation

Author

Listed:
  • Zhao, Qifeng
  • Luo, Qianfeng
  • Tao, Yunqing

Abstract

This research investigates the relationship between scientific disclosure and innovation in Chinese listed firms from 2006 to 2018. Our findings indicate a positive correlation between scientific disclosure and both the quantity and quality of a firm's patents. Scientific disclosure enhances innovation by enhancing market credibility, pursuing standards, and attracting high-quality talent. The positive impact of scientific disclosure is particularly notable in firms with high levels of knowledge and R&D density, as well as those with independent central research institutes and state-owned enterprises. Overall, our investigation emphasizes the crucial significance of scientific disclosure in promoting innovation in emerging markets.

Suggested Citation

  • Zhao, Qifeng & Luo, Qianfeng & Tao, Yunqing, 2023. "The power of paper: Scientific disclosure and firm innovation," Finance Research Letters, Elsevier, vol. 56(C).
    • Handle: RePEc:eee:finlet:v:56:y:2023:i:c:s1544612323005196
    DOI: 10.1016/j.frl.2023.104147
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    More about this item

    Keywords

    Scientific disclosure; Corporate innovation; Market signal; Human capital; Standard;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies

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