How State Ownership Affects Firm Innovation Performance: Evidence from China

被引：2
|
作者：
Zhang, Mengting [1 ,2 ]
Yu, Feng [3 ]
Zhong, Changbiao [4 ]
机构：
[1] Ningbo Univ, Cent & Eastern Europen Countries Econ & Trade Coo, Ningbo, Peoples R China
[2] Ningbo Univ, Business Sch, Ningbo, Peoples R China
[3] Univ Sci & Technol Beijing, Sch Econ & Management, 30 Xueyuan Rd, Beijing, Peoples R China
[4] Guangzhou Business Coll, Sch Econ, Guangzhou, Peoples R China
来源：
EMERGING MARKETS FINANCE AND TRADE | 2023年 / 59卷 / 05期
基金：
中国国家自然科学基金;
关键词：
Innovation performance; state ownership; R&D capability; marketization; GOVERNMENT INVOLVEMENT; POLITICAL CONNECTIONS; PROPERTY-RIGHTS; INTERNATIONALIZATION; PRIVATE; FDI; INSTITUTIONS; TRANSITION; CAPABILITY; ECONOMIES;
D O I：
10.1080/1540496X.2022.2137374
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Innovation plays a vital role in economic development. This paper examined the effect of state ownership on firm innovation as well as the moderating roles of R&D capability and marketization by Chinese firm-level data from Chinese Industrial Enterprises (2008-2011) and listed companies (2007-2016). The theoretical and empirical study verified that state ownership positively influences firm innovation, and firm's R&D capability and the degree of marketization have significant positive moderate effect. The result was robust in a series of checks such as using lagged data, adopting alternative identification methods and variables, and using independent replication. The conclusion provided implications for the management of Chinese firms. The unique innovation pattern of Chinese firms also provided enlightening experience to other emerging economies.
引用
收藏
页码：1390 / 1407
页数：18
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