专利质押对企业技术创新的影响研究

袁礼; 周燕; 戴鹏毅

doi:10.19571/j.cnki.1000-2995.2024.06.018

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科研管理 ›› 2024, Vol. 45 ›› Issue (6) : 174-182. DOI: 10.19571/j.cnki.1000-2995.2024.06.018

专利质押对企业技术创新的影响研究

袁礼 ¹ ,
周燕 ¹ ,
戴鹏毅 ²

作者信息 +

Research on the impact of patent pledges on technological innovation in enterprises

Yuan Li ¹ ,
Zhou Yan ¹ ,
Dai Pengyi ²

Author information +

文章历史 +

摘要

有效破解知识产权质押融资难题,对于金融支持中小企业创新和培育“专精特新”企业具有重要意义。本文基于融资约束和信息不对称理论,探究专利质押对企业技术创新的影响机制和约束条件,并构建2006—2018年地级市层面的企业专利质押和创新绩效面板数据,采用双向固定效应模型和工具变量法进行实证检验。结果发现:专利质押能显著促进企业技术创新,这一正向影响主要体现在非上市公司。专利质押可通过发挥专利的担保价值,缓解企业融资约束,以及促进担保价值和知识价值的转化,实现双向信号机制,激励企业技术创新。在专利市场可交易性和知识产权保护力度更强的条件下,专利质押对企业创新的促进作用更显著。本文从双向信号激励的视角丰富了专利质押促进创新的机制研究,也为打通金融机构服务链条堵点,探索金融赋能“专精特新”企业高质量发展的路径提供政策参考。

Abstract

Solving effectively the difficulties in intellectual property collateralized financing is of paramount significance for providing financial support to the technological innovation of small and medium-sized enterprises (SMEs) and nurturing specialized and new enterprises (SNEs). To this end, based on the theories of financing constraints and asymmetric information, this paper explored the effects, underlying mechanisms and conditions of patent pledge in fostering enterprise technological innovation.

Drawing on panel data of enterprise patent pledge and technological innovation at the prefecture-level from 2006 to 2018, and using a two-way fixed effects model and instrumental variable method, we empirically investigated the effects of patent pledge on enterprise technological innovation. The results showed that patent pledge significantly promotes enterprise technological innovation, and this positive effect was primarily manifested among non-listed enterprises. The mechanism tests revealed that patent pledge can leverage the collateral value of patents, easing enterprise financing constraints. Simultaneously, patent collateral facilitates the mutual conversion of collateral value and information value, forming a two-way signaling mechanism, both of which are conducive to promoting technological innovation. Under conditions of greater tradability in the patent market and stronger intellectual property protection, the positive effect of patent collateral on enterprise technological innovation becomes more pronounced.

This paper has not only enriched the study on the mechanism of patent pledge promoting innovation from the perspective of two-way signaling incentive, but also provided policy insights for unblocking bottlenecks in the financial services chain and exploring pathways for financial empowerment of SNEs to achieve high-quality development.

导出引用

袁礼, 周燕, 戴鹏毅. 专利质押对企业技术创新的影响研究[J]. 科研管理. 2024, 45(6): 174-182 https://doi.org/10.19571/j.cnki.1000-2995.2024.06.018

Yuan Li, Zhou Yan, Dai Pengyi. Research on the impact of patent pledges on technological innovation in enterprises[J]. Science Research Management. 2024, 45(6): 174-182 https://doi.org/10.19571/j.cnki.1000-2995.2024.06.018

中图分类号： F832.4

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摘要

现阶段，无论是从国有企业国家战略定位的内在要求来看，还是从加快落实创新驱动发展战略的内在需求来看，以及从当前中国情景下国有和民营企业各自的能力特征和竞争优势来看，这些因素都决定了必须在中国创新领域打造国有和民营企业协同合作新局面的必要性，也决定了在中国创新领域以及创新链中打造“国进民进”新格局形成的重要性。为此，本文着重分析了在中国创新链的五大环节中所存在的诸多弊端以及国有和民营企业的各自合理定位，并探讨了如何在不同创新链环节构建国有和民营企业协同合作的可能模式和实施路径，在此基础上提出了本文应有的政策建议和今后可能的改革突破口。

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At present stage,stateowned enterprises have been positioned as the leader of Chinas economic development,and become one of the most important means for Chinas government to promote and obtain rapid growth of GDP in shorttermThey are not only the core means to carry out and implement the national macroeconomic regulation and control policy and the transmission mechanism of the important macroeconomic policy,but also the largest beneficiaries of industrial policies actively implemented by every levels of governments in ChinaTherefore,this paper emphasizes the remaining various defects in the five stages of Chinese innovation chain and the rational positions of stateowned and private enterprisesIn addition,this paper investigates how to construct possible mode and implement path for the cooperation between stateown and private enterprises in various stages in the innovation chainOn this basis,this paper puts forward some necessary policy suggestions and possible reform breakthrough in the future

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