American Economic Journal: Economic Policy · 2025 · Aslı Leblebicioğlu、Tanseli Savaşer
中文摘要
我们考察了商业秘密保护对美国新企业形成的影响。我们发现，采纳《统一商业秘密法》（UTSA，该法强化了知识产权）的州，其企业和经营场所的进入率总体下降。这一结果由初创企业和小型企业经营场所进入率的下降所驱动。相比之下，该法律提高了在位企业和大型企业的经营场所进入率。UTSA的负面影响在更依赖知识资产和商业秘密的行业、以及依赖外部融资的行业中更为显著。（JEL K11, K22, L11, M13, O34, O38）
Abstract
We explore the consequences of trade secret protection for new business formation in the United States. We find the states that adopt the Uniform Trade Secrets Act (UTSA), which enhances intellectual property rights, experience an overall decline in firm and establishment entry rates. This result is driven by the reduction in the establishment entry rates of start-ups and small firms. By contrast, the law increases the establishment entry rates of incumbents and larger firms. The negative impact of the UTSA is larger in industries that rely more on intellectual assets and trade secrets, as well as external-finance-dependent industries. (JEL K11, K22, L11, M13, O34, O38)