投资放松管制与中国民营企业创新绩效

IF 6.1 2区 经济学 Q1 BUSINESS, FINANCE
Jianhong Zhang , Jiangang Jiang
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引用次数: 0

摘要

本研究探讨了投资体制改革(放松管制)对中国民营企业创新绩效的影响。本文利用1998 - 2009年民营企业专利申请数据的差异中差异分析方法,证实了投资放松管制与创新绩效之间的正相关关系。研究还发现,创新类型、企业规模与国际化取向、区域专利促进政策对二者之间的正向关系有调节作用。研究进一步发现,投资放松管制通过逃避竞争效应和抢先专利效应两种机制刺激创新绩效。此外,放松投资管制可以通过鼓励固定资本投资来提高私营企业的创新绩效。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Investment deregulation and innovation performance of Chinese private firms

This study explores the effect of an investment system reform (deregulation) on the innovation performance of private firms in China. Using a difference-in-differences approach on the data on patent applications of private firms from 1998 to 2009, this study confirms the positive relationship between investment deregulation and innovation performance. We also find that the positive relationship is moderated by types of innovation, firm size and international orientation, and regional patent promotion policy. The study further finds evidence that investment deregulation stimulates innovation performance through two mechanisms, the escaping competition effect, and the preemptive patenting effect. Moreover, investment deregulation may improve the innovation performance of private firms by encouraging investment in fixed capital.

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来源期刊
CiteScore
7.70
自引率
9.30%
发文量
78
审稿时长
34 days
期刊介绍: The Journal of Financial Stability provides an international forum for rigorous theoretical and empirical macro and micro economic and financial analysis of the causes, management, resolution and preventions of financial crises, including banking, securities market, payments and currency crises. The primary focus is on applied research that would be useful in affecting public policy with respect to financial stability. Thus, the Journal seeks to promote interaction among researchers, policy-makers and practitioners to identify potential risks to financial stability and develop means for preventing, mitigating or managing these risks both within and across countries.
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