Intellectual Property Rights Protection, Social Network and New Venture Performance

Abstract

Abstract: Using the GEM listed companies during 2011-2016 as samples, this paper examines the mechanism of how IPR protection impacts the new venture performance. And based on social network analysis, we introduce the social network of independent directors to analyze the moderating effect. The results show that although IPR protection can somehow restrain the innovation performance, the social network of independent directors can significantly weaken this negative influence. In addition, it verifies that the social network centrality can be used as an effective moderating mechanism to alleviate its negative externality effect. Furthermore, by grouping analysis on high-tech industry and traditional industry, we find that the negative impact is generated due to IPR protection level changes brought by the inhibition effect is greater than the incentive effect.

Key words: IPR protection, independent directors, social network, new venture performance

Wang Yu, Hu Haiqing, Zhang Lang. Intellectual Property Rights Protection, Social Network and New Venture Performance[J]. Management Review, 2021, 33(3): 129-137.

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