Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/279512 
Year of Publication: 
2023
Series/Report no.: 
GLO Discussion Paper No. 1345
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
We use the short-lived, but high-profile, China Top Brand Award to examine the causal effects of nonmonetary awards on firm innovation. To do so, we create a panel dataset by matching official China Top Brand Award recipients to the innovation outputs of listed companies. Results from difference-in-differences estimates show that firms that received the China Top Brand Award have a higher number, and better quality, of filed patents. We find that the positive effects of winning the China Top Brand Award on innovation outputs operate through higher government subsidies to winning firms. We also find that the positive effects of award-winning are stronger among state-owned enterprises, larger enterprises, and better-performing enterprises, as well as in provinces with stronger intellectual property rights protection. Our results are robust to a series of sensitivity checks.
Subjects: 
China Top Brand Award
intellectual property rights
innovation outputs
JEL: 
M2
O3
Document Type: 
Working Paper

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