Fake Products, Real Effects: Evidence from Special 301 Actions

We study how the U.S. government's anti-counterfeiting enforcement actions through Special 301 Reports influence U.S. businesses. We show that anti-counterfeiting enforcement in foreign countries improves U.S. firms' sales, profitability, and valuations. Firms significantly reduce capital and research and development investments when their brands and products are protected from counterfeiting activities. Anti-counterfeiting enforcement measures also improve brand asset value, brand profitability, brand inventiveness, market penetration, and customer loyalty.

Originally Published at 10.1017/S0022109022001387

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Work Title Fake Products, Real Effects: Evidence from Special 301 Actions
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Open Access
Creators
  1. Mehmet I. Canayaz
  2. Umit G. Gurun
License CC BY-NC-ND 4.0 (Attribution-NonCommercial-NoDerivatives)
Work Type Article
Publisher
  1. Journal of Financial and Quantitative Analysis
Publication Date November 24, 2022
Publisher Identifier (DOI)
  1. https://doi.org/10.1017/S0022109022001387
Deposited January 23, 2024

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