商业秘密保护对企业进入的不均匀效应
The Not-So-Uniform Effects of Trade Secret Protection on Business Entry
American Economic Journal: Economic Policy · 2025 · [{"name": "Aslı Leblebicioğlu", "affiliation": ["Baruch College"]}, {"name": "Tanseli Savaşer", "affiliation": ["Bentley University"]}]
中文摘要
我们考察商业秘密保护对美国新企业形成的影响。研究发现, 采纳《统一商业秘密法》(UTSA)——该法强化了知识产权——的州, 其企业与经营场所的进入率总体下降。这一结果由初创企业和小企业经营场所进入率的下降所驱动; 与之相对, 该法提高了在位企业和较大企业的经营场所进入率。UTSA 的负面影响在更依赖知识资产与商业秘密的行业, 以及外部融资依赖型行业中更大。(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)