Research On The Impact Of R&D Capital On The Patent Quality In China's Industry

Under the background of the national strategy of “improving the capacity of independent innovation and building an innovative country”,China's R&D capital investment has continued to grow and the number of patents has also shown a substantial growth trend,which has made China become the country with the largest number of patent applications,but the questions arise.Is the quality of patents in China also growing at the same time? In the existing literature,there is not much research on the relationship between patent quality and R&D capital.This article focuses on this.From the perspective of patent quality in China's industrial industry,it analyzes the impact mechanism between China's R&D capital and patent quality.The empirical method is used to study the intrinsic relationship between R&D capital and patent quality in China.The explanatory variables in this paper are the patent authorization rate and the average renewal period of patents,and the research and development capital is divided into two categories: R&D capital from different sources and R&D capital from different technology acquisition paths.From the perspective of theoretical analysis,the impact mechanism of different types of R&D capital on patent quality will have different directions,such as the patent cost reduction effect of government R&D capital,the financial intermediary effect of R&D capital of financial institutions,the factor allocation effect of independent R&D capital,and The technical matching effect of the introduction of technology.From the perspective of empirical results,the effect of government R&D capital on the quality of patents in China's industrial industry in R&D capital from different sources is very significant,indicating that China's government R&D capital policy has achieved remarkable results.The effect of the company's own R&D capital and financial institution R&D capital on the quality of corporate patents is also significant.Among the different technology acquisition path R&D capital,the independent R&D capital and the purchase of domestic technology R&D capital have a significant effect on the improvement of patent quality,indicating that China should increase the investment of two R&D capital.The introduction of R&D capital by foreign technology has negatively inhibited the improvement of patent quality and its U-shaped relationship between R&D capital structure and patent quality indicates that the quality of China's patents has declined first and then increased in the process of introducing foreign technology.At the same time,the digestion and absorption of research and development capital has a significant positive effect on the quality of patents,while the technological transformation of research and development capital is not the same,indicating that China's ability to transform foreign technology is still in the narrow stage of digestion and absorption,so it is necessary to improve the generalized upgrade of patent technology.ability.Finally,according to the conclusion of the paper,this paper proposes relevant policy recommendations in a targeted manner,and considers that the government subsidies system for R&D capital is optimized,enterprises and financial institutions are encouraged to increase R&D capital investment,balance R&D capital and technology R&D capital,and moderately enhance digestion and absorption.The ability of technological transformation has important positive significance for the improvement of the quality of patents in China.