关键词: 知识产权法庭, 数据资产信息, 策略性披露, 威慑效应, 融资环境优化

Abstract: The development of the intellectual property judiciary, as a core pillar of property rights protection, has a significant impact on regulating corporate data asset disclosure practices. Using listed companies from 2007 to 2023 as the research sample, this study empirically examines the impact of intellectual property courts on corporate data asset disclosure practices. The study finds that intellectual property courts can curb firms' strategic disclosure of data asset information. Mechanism tests indicate that intellectual property courts exert a deterrent effect and optimize the financing environment, thereby curbing firms' strategic disclosure of data asset information. Heterogeneity tests reveal that this deterrent effect is more pronounced among firms audited by non-big-10 accounting firms and those located in regions with high internet penetration rates. Consequently, firms should establish a systematic data asset management framework, while the government should build a legal system to prevent firms from engaging in strategic disclosure of data asset information.

Key words: intellectual property court, data asset information, strategic disclosure, deterrent effect, optimization of the financing environment