PhD Seminar (Econ)
Date & time
Determinants of investment in intangibles by firms and the effects of intangible investment on firm productivity have been documented for developed economies. Evidence on these issues in emerging economies, however, is scarce. Using data from the China Enterprise Survey 2012, this study examines the determinants and impacts of intangible investment by private manufacturing firms in China. It is found that more human capital, larger firm size, better institutional quality, and less competitive conditions tend to lead to more intangible investment. The paper also provides evidence that intangible investment is positively correlated with firm productivity. Implications for policies to enhance investment in intangibles are identified.