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Business model innovation, intellectual property protection, and firm growth

Author

Listed:
  • Yan, Luqing
  • Lou, Yanchun
  • Wang, Xiaoqing

Abstract

This study uses panel data from listed companies from 2010 to 2022 to assess the impact of business model innovation on firm growth. Business model innovation can effectively promote firm growth, and this effect is heterogeneous across firms with different debt levels and industry types. Specifically, a higher level of intellectual property protection enhances the positive effect of business model innovation on firm growth, while financing constraints weaken this positive impact. The findings of this study offer conceptual insights and practical guidance for advancing firm growth.

Suggested Citation

  • Yan, Luqing & Lou, Yanchun & Wang, Xiaoqing, 2025. "Business model innovation, intellectual property protection, and firm growth," Finance Research Letters, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:finlet:v:84:y:2025:i:c:s1544612325010931
    DOI: 10.1016/j.frl.2025.107835
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    Keywords

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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