How does the Intellectual Property Development in China Affect the Enterprises’ “Going Global”?

Abstract

Abstract: China urgently needs to help enterprises “going global” by improving the development level of intellectual property. Using the provincial intellectual property development indexes and enterprise OFDI data, this study investigates the impact and mechanism of China’s intellectual property development on the enterprises’ OFDI probability based on Probit model and intermediary effect model. The results are as follows: (1) The intellectual property application and service development can both increase the enterprises’ outward foreign direct investment (OFDI) probability. The above conclusions are still valid after the robustness test and endogeneity treatment. (2) The mechanism tests show that the intellectual property application and service development increases OFDI probability by alleviating the enterprises’ financing constraints and reducing the enterprises’ business risks respectively. (3) The moderating effect tests find that there is no moderating effect of financial development on the relationship between intellectual property application development and enterprises’ OFDI probability. Whereas the business environment positively moderates the promoting effect of intellectual property service development on enterprises’ OFDI probability. Selecting the perspective of intellectual property application and service development in the home country, this paper makes up for the defect that the existing researches mainly focus on the perspective of the host country, and only pay attention to the intellectual property protection while ignoring the economic effects of other intellectual property aspects.

Key words: intellectual property, OFDI, financing constraints, business risks

Du Xiaofei, Luan Weixin. How does the Intellectual Property Development in China Affect the Enterprises’ “Going Global”?[J]. Management Review, 2025, 37(3): 42-54.

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