光華講壇——社會(huì)名流與企業(yè)家論壇第6717期

主題：Collaborative Innovation and R&D Disclosures: Evidence from Co-patents協(xié)同創(chuàng)新與研發(fā)披露：來(lái)自共同專(zhuān)利的證據(jù)

主講人：英國(guó)華威大學(xué)商學(xué)院 項(xiàng)忠楠助理教授

主持人：會(huì)計(jì)學(xué)院 童璐副教授

時(shí)間：4月2日10:00-11:00

地點(diǎn)：柳林校區(qū)誠(chéng)正樓650會(huì)議室

主辦單位：會(huì)計(jì)學(xué)院 科研處

主講人簡(jiǎn)介：

Zhongnan Xiang is an Assistant Professor in the Accounting Group at Warwick Business School. Her primary research interests include textual disclosures and firm innovation.

項(xiàng)忠楠是華威商學(xué)院會(huì)計(jì)系的助理教授。她的主要研究興趣包括文本披露和企業(yè)創(chuàng)新。她在美國(guó)天普大學(xué)獲得博士學(xué)位。

內(nèi)容提要：

This lecture will share that examines how firms’ R&D disclosures are associated with collaborative innovation, measured by co-patenting intensity. Compared to solo patents, co-patents are more uncertain and face a greater risk of proprietary information leakage. We find that firms with more co-patents tend to disclose less R&D information in 10-K filings, particularly when they face greater competition. The association is stronger when firms’ IP rights are weakly protected. These findings suggest that firms tend to keep R&D disclosures low when they share essential knowledge and when competitors’ value appropriation is more likely. We also find that co-patenting firms disclose more R&D information when they take advantage of their partners’ resources, capabilities, or brands. Also, firms’ incentives for R&D disclosures are weakened when firms are expanding collaborative networks.

Altogether, this lecture will underscores collaboration as a key influence on corporate disclosures.

本次講座將深入探討企業(yè)研發(fā)信息披露與協(xié)同創(chuàng)新之間的動(dòng)態(tài)關(guān)系。研究發(fā)現(xiàn)，以共同專(zhuān)利強(qiáng)度衡量的協(xié)同創(chuàng)新活動(dòng)會(huì)顯著影響企業(yè)的研發(fā)信息披露策略。與獨(dú)立專(zhuān)利相比，共同專(zhuān)利具有更高的不確定性和專(zhuān)有信息泄露風(fēng)險(xiǎn)，這使得擁有更多共同專(zhuān)利的企業(yè)在10-K報(bào)告中傾向于披露更少的研發(fā)信息，特別是在面臨激烈市場(chǎng)競(jìng)爭(zhēng)或知識(shí)產(chǎn)權(quán)保護(hù)較弱的情況下。研究進(jìn)一步揭示，當(dāng)企業(yè)需要共享核心知識(shí)且面臨競(jìng)爭(zhēng)對(duì)手價(jià)值攫取的風(fēng)險(xiǎn)時(shí)，它們會(huì)降低研發(fā)信息披露水平；然而，當(dāng)企業(yè)能夠借助合作伙伴的資源、能力或品牌優(yōu)勢(shì)時(shí)，反而會(huì)增加研發(fā)信息披露。此外，隨著企業(yè)協(xié)同創(chuàng)新網(wǎng)絡(luò)的擴(kuò)展，其進(jìn)行研發(fā)信息披露的動(dòng)機(jī)也會(huì)相應(yīng)減弱。這些發(fā)現(xiàn)共同表明，協(xié)同合作在企業(yè)信息披露決策中扮演著關(guān)鍵角色。

本次講座將幫助聽(tīng)眾理解企業(yè)在協(xié)同創(chuàng)新環(huán)境下如何權(quán)衡信息披露的利弊，從而為創(chuàng)新管理和信息披露實(shí)踐提供有價(jià)值的啟示。