Journal of Intellectual Property (J Intellect Property; JIP)

KCI Indexed
OPEN ACCESS, PEER REVIEWED

pISSN 1975-5945
eISSN 2733-8487
Research Article

The Impact of Intellectual Property Rights Enhancement on Corporate Resilience during Economic Crises

1Ph.D. Candidate, Science & Technology Studies, Korea University, Republic of Korea
2Professor, Department of Public Administration, Korea University, Republic of Korea

Correspondence to Sang-Ok Choi, E-mail: sangchoi@korea.ac.kr

Volume 20, Number 2, Pages 167-184, June 2025.
Journal of Intellectual Property 2025;20(2):167-184. https://doi.org/10.34122/jip.2025.20.2.167
Received on March 20, 2025, Revised on April 21, 2025, Accepted on May 30, 2025, Published on June 30, 2025.
Copyright © 2025 Korea Institute of Intellectual Property.
This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives (https://creativecommons.org/licenses/by-nc-nd/4.0/) which permits use, distribution and reproduction in any medium, provided that the article is properly cited, the use is non-commercial and no modifications or adaptations are made.

Abstract

This study analyzed the impact of intellectual property rights enhancement on changes in corporate sales and employment and business resilience during economic crises based on ”The Survey of Business Activities” data from 2018 to 2022. The results of the analysis using latent growth modeling revealed that an increase in intellectual property rights significantly improved the speed of recovery for corporate sales and employment, even during economic crises. In particular, considering the impact of economic shocks (e.g., COVID-19) on business management, intellectual property rights were confirmed to play a crucial role in strengthening corporate resilience. Companies with intellectual property rights demonstrated a faster and more effective recovery of sales and employment after the crisis, suggesting that intellectual property rights contribute to enhancing corporate stability and long-term growth potential. Similar trends were also observed in the analysis of small and medium-sized enterprises (SMEs). The results of this study showed that SMEs with increased intellectual property rights had significantly faster recovery rates in sales and employment, emphasizing the strategic importance of intellectual property rights enhancement in strengthening the resilience of SMEs. The study findings clearly identify the positive impact of intellectual property rights enhancement on corporate crisis responses and resilience improvement. They also suggest that policymakers must develop policies supporting the acquisition and utilization of intellectual property rights.

Keywords

Intellectual Property Rights, Sales Revenue, Number of Employees, The Survey of Business Activities, Corporate Stability

Notes

Conflicts of Interest

No potential conflict of interest relevant to this article was reported.

Funding

The author received manuscript fees for this article from Korea Institute of Intellectual Property.

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