Study on the Impact of Institutional Environment on the R&D Behavior of Private Manufacturing Enterprises in China: An Empirical Analysis Based on World Bank's Survey Data

2017 International Conference on Management Science and Engineering (ICMSE) Pub Date : 2017-08-01 DOI:10.1109/ICMSE.2017.8574445

Xiaohong Wang, Shichao Hu, Xue-yan Zhang

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引用次数: 1

Abstract

Based on World Bank's micro survey data on Chinese private manufacturing enterprises, this study analyzed the impact of three dimensions (legal protection, market intermediaries' development, trust) of institutional environment on in-house R&D decision, R&D cooperation decision and R&D intensity of enterprises. Furthermore, this study made an in-depth analysis of the substitution impact of formal and informal institutions on enterprises' R&D intensity. The results showed that the promotion of legal protection level in one region could not only facilitate enterprises to participate in In-house R&D and R&D cooperation significantly, but also promote enterprises' R&D intensity. The development level of market intermediaries imposed a positive impact on enterprises' R&D intensity and their participation in internal R&D activities. The promotion of the trust level in one region had a positive effect on enterprises' R&D intensity and their participation in cooperative R&D activities. In areas where the development level of trust was low, enterprises were more dependent on legal protection and market intermediaries to carry out R&D activities; that is, formal institutions and informal ones could be substitutes for each other in influencing enterprises' R&D intensity.

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制度环境对中国民营制造业企业研发行为的影响研究——基于世界银行调查数据的实证分析

本文基于世界银行对中国民营制造企业的微观调查数据，分析了制度环境三个维度(法律保护、市场中介机构发展、信任)对企业内部研发决策、研发合作决策和研发强度的影响。此外，本文还深入分析了正式制度和非正式制度对企业研发强度的替代影响。结果表明，一个地区法律保护水平的提升，不仅能显著促进企业参与自主研发和研发合作，还能促进企业研发强度的提升。市场中介机构的发展水平对企业研发强度和企业参与内部研发活动有正向影响。区域信任水平的提升对企业研发强度和参与合作研发活动有正向影响。在信任发展水平较低的地区，企业更依赖法律保护和市场中介机构开展研发活动;即正式制度和非正式制度在影响企业研发强度方面可以相互替代。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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2017 International Conference on Management Science and Engineering (ICMSE)

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