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知识产权保护对企业ESG表现的影响研究
Research on the impact of intellectual property protection on corporate ESG performance
知识产权保护是推动创新发展的核心机制,并通过驱动绿色创新提升企业ESG表现服务高质量发展。因而,我国有必要考察知识产权示范区企业ESG表现,为未来的政策制度提供参考。本研究以知识产权示范区试点建设为准自然实验,采用多时点双重差分检验知识产权保护对企业ESG表现的影响。研究发现:(1)以知识产权示范试点为代表的知识产权保护政策可提升企业ESG表现;同时,(2)机制分析表明,知识产权示范使企业绿色创新绩效及其流动得以促进,企业ESG表现提升;(3)异质性分析表明,知识产权示范试点下,非国有企业、系族企业以及处于数字化梯队高、市场化指数高区域的企业,政策响应更灵敏,ESG表现评级提升尤为明显。本研究不仅验证了知识产权保护政策和示范区试点的对企业ESG表现的积极影响,更进一步证实了知识产权保护对企业绿色创新绩效、绿色创新流动的重要作用,而且对于扎实推进试点政策,充分实现企业价值,乃至振兴中国未来产业经济具有重要意义。
Intellectual property protection, as a core motivator of innovation development, drives green innovation to enhance corporate ESG performance, thereby contributing to high-quality growth. Accordingly, it is crucial for China to evaluate corporate ESG performance in intellectual property demonstration (IPD) areas to provide a reference for future policy and institutional frameworks. This study employed IPD areas as a quasi-natural experiment, using the multi-period difference-in-differences approach to examine the impact of intellectual property protection on corporate ESG performance. The research found that: (1) Intellectual property protection policies, as exemplified by IPD, can enhance corporate ESG performance; (2) The mechanism analysis showed that IPD promotes the green innovation performance and its flow within enterprises, which enhances the ESG performance of the enterprises; and (3) The heterogeneity analysis showed that, in the IPD area, the non-state-owned enterprises and family businesses, as well as the ones in high digital level or high marketization indices places, are sensitive to IP protection policies and improve more in ESG performance ratings. This study has not only verified the positive impact of IP protection policies and IPD on ESG performance but also further confirmed the significant role of IPD in green innovation performance and its fluency. In addition, it will provide essential insights for the efficient promotion of IPD, the realization of enterprises' ESG value, and the revitalization of our future industrial economy.
知识产权示范区 / 绿色创新绩效 / 绿色创新流动 / 企业ESG表现
intellectual property demonstration area / green innovation performance / green innovation fluency / corporate ESG performance
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