地区法律保护与企业创新

基于各地区市场中介组织的发育和法律制度环境指数,以及手工搜集的各上市公司专利数据,利用Tobit回归模型,考察法律保护对企业创新的影响。研究发现:知识产权保护、市场组织服务条件显著地促进了企业创新,说明法律保护为企业创新活动提供了激励;对国有企业而言,律师、会计师等市场组织服务条件对于企业创新活动的影响不明显,表明国有企业在市场组织服务方面占有资源优势从而较少受到其约束;在社会信任程度低的地区,企业创新对法律保护的依赖程度更高,这反映了社会资本不足时,正式制度对市场发展的重要作用。

Regional legal protection and enterprise innovation

Based on regional index of market intermediary organization development and legal environment, and by means of manually collecting the patent data of listed companies, the research focused on the influence of regional legal protection on enterprise innovation by constructing the Tobit regression model. We found out that the protection of intellectual property rightsand the market organization service conditions significantly promoted enterprise innovation, which means that legal protection provides incentives for enterprise innovation; for state-owned companies, the effect of lawyers, accountants and other market organization service conditions on enterprise innovation is not obvious. That is to say, the state-owned enterprises have resources superiority in market service and are less subject to the constraints aspect; in the low degree of social trust, enterprise innovation depends on legal protection to a greater degree. This reflects the important role of the formal system of market development in the lack of social capital.