, should step up innovation efforts and improve corporate governance practices. To this end, supportive policies are needed …, fostering an environment that is more conducive to innovation and entrepreneurship, and facilitating resource reallocation …

China has surpassed the United States in patent applications and has become world leader. Strong patenting activity … by electronics manufacturers. State-owned firms spend more on R&D per patent, but hold fewer patents per researcher than … patent holders. Furthermore, the paper examines what drives patenting activity. Higher R&D spending by the firm and higher …