IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v83y2025ics1544612325009092.html

New quality productivity and intellectual property protection

Author

Listed:
  • Ruanzhou, Yilong
  • Guo, Rengui

Abstract

This study uses the entropy method and a coupling coordination model to examine the relationship between new quality productivity and intellectual property protection in 31 Chinese provinces. Findings indicate that the two factors have significant synergistic effects, with the overall degree of coordination steadily increasing from 2012 to 2022. However, regional imbalances remain evident, following a spatial pattern in which the eastern regions exhibit higher coordination levels than the western regions. Most areas are classified as marginally coordinated. This study emphasizes that strengthening intellectual property protection effectively promotes the development of new quality productivity. Furthermore, addressing regional coordination gaps is crucial for enhancing localized productivity.

Suggested Citation

  • Ruanzhou, Yilong & Guo, Rengui, 2025. "New quality productivity and intellectual property protection," Finance Research Letters, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:finlet:v:83:y:2025:i:c:s1544612325009092
    DOI: 10.1016/j.frl.2025.107650
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612325009092
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2025.107650?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Bai, Chengyu & Zheng, Jun, 2024. "Moderating effect of business environment on the relationship between fiscal science and technology expenditure and venture capital," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    2. Dai, Jiapeng & Mehmood, Usman & Nassani, Abdelmohsen A., 2025. "Empowering sustainability through energy efficiency, green innovations, and the sharing economy: Insights from G7 economies," Energy, Elsevier, vol. 318(C).
    3. Hao, Pu & Alharbi, Samar S. & Hunjra, Ahmed Imran & Zhao, Shikuan, 2025. "How do ESG ratings promote digital technology innovation?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    4. Grimaldi, Michele & Greco, Marco & Cricelli, Livio, 2021. "A framework of intellectual property protection strategies and open innovation," Journal of Business Research, Elsevier, vol. 123(C), pages 156-164.
    5. Kim, Yee Kyoung & Lee, Keun & Park, Walter G. & Choo, Kineung, 2012. "Appropriate intellectual property protection and economic growth in countries at different levels of development," Research Policy, Elsevier, vol. 41(2), pages 358-375.
    6. Zhang, Yong & Jia, Daizheng, 2025. "The impact of inclusive finance and education investment on new quality productivity: The nonlinear mediating effect of education development," Finance Research Letters, Elsevier, vol. 77(C).
    7. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    8. Narayan, Paresh Kumar & Narayan, Seema & Tran, Vuong Thao, 2023. "Patent-related intellectual property and corporate investment," Finance Research Letters, Elsevier, vol. 52(C).
    9. Mann, William, 2018. "Creditor rights and innovation: Evidence from patent collateral," Journal of Financial Economics, Elsevier, vol. 130(1), pages 25-47.
    10. Dai, Jiapeng, 2025. "Is policy pilot a viable path to sustainable development? Attention allocation perspective," International Review of Financial Analysis, Elsevier, vol. 98(C).
    11. Battaglia, Francesca & Regoli, Andrea & Agnese, Paolo, 2022. "Do local innovation systems promote successful equity crowdfunding campaigns? Evidence from Italy," Finance Research Letters, Elsevier, vol. 48(C).
    12. Liu, Yi & He, Zhengchu, 2024. "Synergistic industrial agglomeration, new quality productive forces and high-quality development of the manufacturing industry," International Review of Economics & Finance, Elsevier, vol. 94(C).
    13. Xue, Runhua & Chen, Jiebin, 2025. "ESG performance and stability of New Quality Productivity Forces: From perspective of China's modernization construction," International Review of Economics & Finance, Elsevier, vol. 98(C).
    14. Han, Qifeng & Li, Chunhui & Jin, Yulu, 2025. "The impact of intellectual property protection on the development of artificial intelligence in enterprises," International Review of Financial Analysis, Elsevier, vol. 105(C).
    15. Alice Bonaimé & Ye (Emma) Wang, 2024. "Mergers, Product Prices, and Innovation: Evidence from the Pharmaceutical Industry," Journal of Finance, American Finance Association, vol. 79(3), pages 2195-2236, June.
    16. Pirazzi Maffiola, Kevin & D'Angelo, Viviana & Capo, Francesca & Scali, Elena, 2025. "Environmental orientation, regional innovation, and equity crowdfunding campaigns’ outcomes: Evidence from two Italian platforms," Finance Research Letters, Elsevier, vol. 71(C).
    17. Mark A Chen & Qinxi Wu & Baozhong Yang, 2019. "How Valuable Is FinTech Innovation?," The Review of Financial Studies, Society for Financial Studies, vol. 32(5), pages 2062-2106.
    18. Jonathan A. Parker & Antoinette Schoar & Yang Sun, 2023. "Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds," Journal of Finance, American Finance Association, vol. 78(5), pages 2673-2723, October.
    19. Thomas Geelen & Jakub Hajda & Erwan Morellec, 2022. "Can Corporate Debt Foster Innovation and Growth?," The Review of Financial Studies, Society for Financial Studies, vol. 35(9), pages 4152-4200.
    20. Jiang, Yankun & Han, Guanghe & Yu, Dan, 2024. "Digital finance and agricultural green total factor productivity: the mediating role of digital village development," Finance Research Letters, Elsevier, vol. 67(PB).
    21. Paula Suh, 2023. "Intellectual Property Rights and Debt Financing," The Review of Financial Studies, Society for Financial Studies, vol. 36(5), pages 1970-2003.
    22. Zhao, Qiuhan & Wu, Wei & Ge, Yuanqin & Xu, Jing, 2025. "Can intellectual property protection policy enhance enterprise innovation capability? Quasi-natural experimental study," International Review of Financial Analysis, Elsevier, vol. 103(C).
    23. Hertzfeld, Henry R. & Link, Albert N. & Vonortas, Nicholas S., 2006. "Intellectual property protection mechanisms in research partnerships," Research Policy, Elsevier, vol. 35(6), pages 825-838, July.
    24. Frydman, Carola & Papanikolaou, Dimitris, 2018. "In search of ideas: Technological innovation and executive pay inequality," Journal of Financial Economics, Elsevier, vol. 130(1), pages 1-24.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shi, Lei & Jing, Lei, 2025. "Government governance, supply chain finance, and new quality productivity," Finance Research Letters, Elsevier, vol. 85(PD).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guo, Rengui & Ruanzhou, Yilong & Ruan, Hanmo, 2025. "Intellectual property protection, new quality productivity, and economic growth: Empirical evidence from China," International Review of Economics & Finance, Elsevier, vol. 101(C).
    2. Zheng, Lijuan & Hou, Bo & Zheng, Peng, 2025. "Intellectual property law enforcement and regional cluster innovation efficiency," Finance Research Letters, Elsevier, vol. 85(PC).
    3. Meiwen, Su & Ming, Ji & Mengyu, Li, 2025. "Education, technology and high-quality economic development," International Review of Financial Analysis, Elsevier, vol. 102(C).
    4. Yu, Donglei & Wang, Dianyi & Huang, Xiaohuai, 2025. "Digital economy advancement and enterprise productivity transformation: Empirical evidence from Chinese healthcare listed companies," Finance Research Letters, Elsevier, vol. 86(PB).
    5. Liu, Yuanyang & Tian, Xuemei & Long, Yang, 2025. "Can Fintech enhance firms’ ambidextrous innovation capabilities? Perspective of organizational resilience," Finance Research Letters, Elsevier, vol. 79(C).
    6. Zhang, Hanbin & Chen, Yi, 2025. "The role of new quality productivity in driving China's green economic growth," International Review of Economics & Finance, Elsevier, vol. 102(C).
    7. Billington, Stephen D. & Colvin, Christopher L. & Coyle, Christopher, 2025. "Financing innovation: The role of patent examination," QUCEH Working Paper Series 25-01, Queen's University Belfast, Queen's University Centre for Economic History.
    8. Asongu, Simplice & Boateng, Agyenim & Akamavi, Raphael, 2016. "Mobile Phone Innovation and Inclusive Human Development: Evidence from Sub-Saharan Africa," MPRA Paper 75046, University Library of Munich, Germany.
    9. Zheng, Ye & Bao, Xuhan & Zhao, Shijie, 2025. "Renewable energy policy and environmental governance performance," Finance Research Letters, Elsevier, vol. 82(C).
    10. Yu, Jungang & Ma, Xiaohua & Niu, Yanmei, 2025. "Judicial efficiency, corporate innovation investment, and financing efficiency," Finance Research Letters, Elsevier, vol. 86(PF).
    11. Wu, Jiaying & Yang, Yu, 2025. "Intellectual property protection and corporate investment efficiency: An analysis of the moderating effect based on financial technology transfer," Finance Research Letters, Elsevier, vol. 84(C).
    12. Lan, Bo & Li, Nan & Liu, Tong, 2025. "How do economic growth and unemployment affect green development in Latin America nations?," International Review of Economics & Finance, Elsevier, vol. 98(C).
    13. Azevedo, Mónica L. & Afonso, Óscar & Silva, Sandra T., 2014. "Endogenous growth and intellectual property rights: A north–south modeling proposal," Economic Modelling, Elsevier, vol. 38(C), pages 112-120.
    14. Su, Zhongfeng & Wang, Chenfeng & Peng, Mike W., 2022. "Intellectual property rights protection and total factor productivity," International Business Review, Elsevier, vol. 31(3).
    15. Bom, Pedro R.D. & Stojanovikj, Martin, 2025. "Patent policy at a tipping point: Why stronger patent protection may not foster economic growth," Economic Modelling, Elsevier, vol. 153(C).
    16. Liu, Sihan, 2025. "Digital transformation–productivity nexus: Platform integration and enterprise performance," Finance Research Letters, Elsevier, vol. 81(C).
    17. Shan, Zidan & Han, Xiangyu & Huang, Dou & Xu, Guang, 2025. "Regional digital–green synergy transformation and enterprise new quality productive forces," Finance Research Letters, Elsevier, vol. 79(C).
    18. Chen, Juan & Chen, Fuli & Dai, Yufan, 2025. "Media attention and corporate new quality productive forces," International Review of Financial Analysis, Elsevier, vol. 105(C).
    19. Wu, Jianan & Guo, Cheng & Liu, Xiaojing & Dai, Jiapeng, 2025. "Policy-driven employment structure transformation: The role of innovation and education investment," International Review of Economics & Finance, Elsevier, vol. 98(C).
    20. Xing, Manjiang & Gong, Chi & Moon, Gyu-Hyen & Ge, Xiaohong, 2025. "Digital economy, dual innovation capability and enterprise labor productivity," International Review of Financial Analysis, Elsevier, vol. 101(C).

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:83:y:2025:i:c:s1544612325009092. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.