China's Financial Patent Development Factors Influencing

In a context of fast development of both quality and quantity of the financial patents (FPs) in the recent years, FPs have been deemed as more and more efficient marketing competitive means. Based on a comprehensive statistical scan on FPs' development of China, the USA and Japan from 1980 to 2006, through normal analysis, statistical analysis, countries comparison and econometric analysis, we analyzed the determinants on FPs of China from macroeconomic, micro-entrepreneur and international interaction perspectives.Firstly, we analyzed determinants on China' s FPs from a macroeconomic perspective. The results show that regularities, techniques and knowledge spillovers influenced the development of China' s FPs development. By the OLS regression we calculated the definite influencing effects of factors, such as the competitive degree of China' s financial industry and its openness towards the abroad.Secondly, we analyzed determinants on China' s FPs from the micro entrepreneur perspective. We find at least 5 factors synthetically affect the development of FPs in China. They are capital structure, corporate governance, main business, corporate scale and innovative capacity. By a negative binomial model, we estimated the five factors' definate influence.Lastly, we analyzed the development of FPs of China from an international view. Through co-integration analysis, Granger causality tests and impulse response functions analysis, obvious knowledge spillovers effects exist among countries like China, US and Japan. There are more knowledge inflow effects for China than any other developed countries.