Bridging the regional innovation policy and entrepreneurship: the role of intellectual capital

IF 6.2 2区管理学 Q1 BUSINESS

Journal of Intellectual Capital Pub Date : 2022-05-31 DOI:10.1108/jic-12-2021-0332

Yuxiang Hong, Mengfan Zhang

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引用次数: 2

Abstract

Purpose This study examines whether the national innovative city pilot policy (NICP) influences urban entrepreneurship (UE). To examine the underlying causal mechanism, this study modeled the city-level intellectual capital index and financing capacity (FC) in the relationship between NICP and UE.Design/methodology/approach An empirical model of NICP, intellectual capital, FC and entrepreneurship is conceptualized based on theoretical analysis. Using a quasi-natural experiment of China’s NICP, with a sample of 280 prefecture-level cities in China from 2003 to 2018, propensity score matching with difference-in-differences (PSM-DID) is used to empirically test the NICP’s impact on UE, mediating effects of intellectual capital and moderation effects of FC.Findings The results show that the NICP can significantly motivate UE. Intellectual capital plays mediating effects on the relationship between NICP and UE. Moreover, the NICP and intellectual capital’s effects on UE are moderated by FC.Practical implications This study provides an important reference for promoting UE through intellectual capital and FC in the construction of the NICP.Originality/valueThis is a pioneering study that develops a theoretical model to incorporate NICP, intellectual capital, FC and UE. This paper applies experimental governance theory in innovative urban scenarios, and verifies its applicability and particularity in the Chinese context.

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衔接区域创新政策和创业精神：智力资本的作用

目的探讨国家创新型城市试点政策对城市创业精神的影响。为了探究其潜在的因果机制，本研究建立了城市智力资本指数和融资能力在NICP和UE之间的关系模型。在理论分析的基础上，提出了NICP、智力资本、FC和企业家精神的实证模型。以2003 - 2018年中国280个地级市为样本，采用准自然实验方法，运用倾向得分匹配差异中差值法(pms - did)实证检验了NICP对UE的影响、智力资本的中介效应和FC的调节效应。结果表明，NICP对UE有显著的促进作用。智力资本在NICP和UE之间起中介作用。此外，创新能力和智力资本对利用效率的影响受创新能力的调节。实践意义本研究为通过智力资本和FC促进企业间合作提供了重要的参考。原创性/价值这是一项开创性的研究，它建立了一个理论模型，将NICP、智力资本、FC和UE结合起来。本文将实验治理理论应用于创新城市场景，并验证其在中国情境下的适用性和特殊性。

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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来源期刊

Journal of Intellectual Capital Multiple-

CiteScore

14.50

自引率

13.30%

发文量

期刊介绍： The Journal of Intellectual Capital is a peer-reviewed international publication dedicated to the exchange of the latest research and best practice information on all aspects of creating, identifying, managing and measuring intellectual capital in organisations. The journal publishes original research and case studies by academic, business and public sector contributors on intellectual capital strategies, approaches, frameworks, tools, techniques and technologies in order to increase the understanding of intellectual capital within the context of the modern knowledge economy. The focus of this journal is on the identification of innovative intellectual capital strategies and the application of theoretical concepts to real-world situations.