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Intellectual property protection: How bankruptcy courts shape corporate technological innovation and patent quality

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  • Wu, Xiaoming
  • Wu, Kai

Abstract

This study examines the impact of bankruptcy court establishment on corporate technological innovation and patent quality using financial data from listed Chinese companies from 2013 to 2022. Findings indicate that the establishment of bankruptcy courts significantly enhances corporate technological innovation levels and improves patent quality by increasing R&D investment. Furthermore, a heterogeneity analysis reveals that bankruptcy courts’ positive impacts are more pronounced in firms with a unified CEO–chairperson role and high-leverage ratios.

Suggested Citation

  • Wu, Xiaoming & Wu, Kai, 2025. "Intellectual property protection: How bankruptcy courts shape corporate technological innovation and patent quality," Finance Research Letters, Elsevier, vol. 79(C).
    • Handle: RePEc:eee:finlet:v:79:y:2025:i:c:s1544612325005550
    DOI: 10.1016/j.frl.2025.107292
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