非货币奖励与创新：从中国名牌产品评选获奖中获得的证据

IF 5.2 1区经济学 Q1 ECONOMICS

中国经济评论 Pub Date : 2024-05-09 DOI:10.1016/j.chieco.2024.102190

Lianfa Luo , Zhiming Cheng , Qingqing Ye , Yanjun Cheng , Russell Smyth , Zhiqing Yang , Le Zhang

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引用次数: 0

摘要

我们利用 "中国名牌产品 "这一昙花一现但却备受瞩目的奖项来研究非货币奖项对企业创新的因果效应。为此，我们创建了一个面板数据集，将中国名牌奖的官方获奖者与上市公司的创新产出进行匹配。差分估计的结果表明，获得中国名牌奖的企业申请专利的数量更多，质量更高。我们发现，"中国名牌 "获奖对创新产出的积极影响是通过政府对获奖企业的更高补贴产生的。我们还发现，在国有企业、规模较大的企业、业绩较好的企业以及知识产权保护较强的省份，获奖的积极效应更强。通过一系列敏感性检验，我们的结果是稳健的。

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Nonmonetary awards and innovation: Evidence from winning China's Top Brand Contest

We use the short-lived, but high-profile, China Top Brand Award to examine the causal effects of nonmonetary awards on firm innovation. To do so, we create a panel dataset by matching official China Top Brand Award recipients to the innovation outputs of listed companies. Results from difference-in-differences estimates show that firms that received the China Top Brand Award have a higher number, and better quality, of filed patents. We find that the positive effects of winning the China Top Brand Award on innovation outputs operate through higher government subsidies to winning firms. We also find that the positive effects of award-winning are stronger among state-owned enterprises, larger enterprises, and better-performing enterprises, as well as in provinces with stronger intellectual property rights protection. Our results are robust to a series of sensitivity checks.

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来源期刊

中国经济评论 ECONOMICS-

CiteScore

10.60

自引率

4.40%

发文量

380

期刊介绍： The China Economic Review publishes original works of scholarship which add to the knowledge of the economy of China and to economies as a discipline. We seek, in particular, papers dealing with policy, performance and institutional change. Empirical papers normally use a formal model, a data set, and standard statistical techniques. Submissions are subjected to double-blind peer review.