Taking the A-share listed companies in Shanghai and Shenzhen from 2012 to 2019 as a sample, the relationship and mechanism between intellectual property protection and enterprise value are empirically tested. It is found that intellectual property protection has a significant positive impact on enterprise value, and R&D investment is the mediating variable between intellectual property protection and enterprise value. Further analysis shows that for state-owned enterprises, high-tech enterprises and enterprises with less financing constraints, intellectual property protection has a more significant effect on the enhancement of enterprise value.

Liu Shilin. Intellectual Property Protection, R&D Investment and Enterprise Value. The Frontiers of Society, Science and Technology (2023) Vol. 5, Issue 5: 24-34. https://doi.org/10.25236/FSST.2023.050504.

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