The AIEA Seminar Series



Hosted by Asia Innovation and Entrepreneurship Association (AIEA)

9 a.m. (Beijing, Singapore Time), 10 a.m. (Seoul, Tokyo Time) February 19, 2022

8 p.m. (US EST), 5 p.m. (US PST) February 18, 2022

1 a.m. (London Time) February 19, 2022


“The Market Impacts of Patent Regime Shifts: A Natural Experiment from the Chinese Pharmaceutical Industry 2005-2014”

Yi Qian (UBC Sauder)



Lihong Yang (Nanjing Audit University) and Shixun Wang (Fuzhou University)


To what extent does intellectual property policy affect market structure and industrial innovation? We take the recent Amendment of China’s patent law as a natural policy experiment to explore the impact of the patent policy regime shock on the pharmaceutical industry’s market structure. The empirical results using the regression discontinuity design (RDD), supplemented with Difference-in-difference (DID) panel models and the Propensity Score Method (PSM), document the heterogeneous market effects of patent policy regime shocks on the pharmaceutical industry’s market structure. We find that the patent policy amendment negatively affected all types of lipid-lowering drugs, including the declines in sales revenue and sales volume. The impact on newly listed innovative drugs is more pronounced and lasts for an extended period, accompanied by a declining market concentration.



Minyuan Zhao (Washington U. in St. Louis)



Registration and Zoom link

Please register here:

After you fill in registration information and confirm, you will see “Add to calendar” to be marked on your calendar and will also receive a confirmation email containing the Zoom link.

AIEA Seminar Series

The AIEA Seminar Series is a monthly seminar operated by AIEA to share rigorous, current research by AIEA researchers and other leading international researchers and to strengthen knowledge creation and dissemination regarding innovation and entrepreneurship issues in the regions. Each seminar lasts for an hour with 35 min presentation, 10 min discussion by an invited discussant, 15 min Q&A by participants. (Video will be recorded and posted on AIEA website for academic purposes unless requested not to)

Organizing Committee:

Chair, Po-Hsuan Hsu (National Tsing Hua Univ. (NTHU))

Jeff Furman (Boston Univ.), David Hsu (Wharton UPenn), Hong Luo (Harvard Business School), Wonjoon Kim (KAIST), Yanbo Wang (HKU)

More information can be found from the AIEA seminar page:

Call for Papers

We cordially invite AIEA members to schedule a presentation to exchange research ideas with the community and to receive comments from discussants/participants. Any AIEA member wishes to present their work is welcome to contact Po-Hsuan Hsu to arrange a time slot.



Asia Innovation and Entrepreneurship Association (AIEA)

KAIST Innovation Strategy and Policy Institute (ISPI)

Office of Interdisciplinary Research, College of Technology Management, National Tsing Hua University


The Asian Innovation and Entrepreneurship Association (AIEA) – The purpose of the Asian Innovation and Entrepreneurship Association (AIEA) is to advance the economic growth and quality of life in Asian countries by stimulating and disseminating innovation in diverse areas of Asian society. In order to achieve this goal, the AIEA builds strong partnerships and promotes cooperation among participant countries by: (1) building the AIEA as a platform for coordinating activities; (2) preparing funds for various activities and programs which stimulate innovation; and (3) enhancing collaboration across universities, governments, and companies.

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