{"title":"地方政府的关注对基础研究的影响","authors":"Dong Zhiyuan , Zhang Zenglian , Chen Mingqin","doi":"10.1016/j.irfa.2025.104245","DOIUrl":null,"url":null,"abstract":"<div><div>Robust basic research is fundamental to building an innovative nation and establishing global leadership in science and technology. Local governments serve as key “locomotives” in promoting regional basic research. However, their administrative actions are closely tied to their specific areas of focus and attention. This study uses data from 30 provinces and regions in China from 2011 to 2022 to empirically examine the impact of local government attention on basic research from both input and output perspectives, applying text analysis techniques. The results reveal a significant positive correlation between local government attention and basic research. Furthermore, both the market environment and the level of information maturity positively moderate this relationship. These findings remain robust after narrowing the time window, using alternative methods to measure explanatory variables, and conducting endogeneity tests. Accordingly, local governments should continue to emphasize basic research while enhancing the market environment and improving regional levels of information maturity.</div></div>","PeriodicalId":48226,"journal":{"name":"International Review of Financial Analysis","volume":"103 ","pages":"Article 104245"},"PeriodicalIF":9.8000,"publicationDate":"2025-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Impact of local government attention on basic research\",\"authors\":\"Dong Zhiyuan , Zhang Zenglian , Chen Mingqin\",\"doi\":\"10.1016/j.irfa.2025.104245\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Robust basic research is fundamental to building an innovative nation and establishing global leadership in science and technology. Local governments serve as key “locomotives” in promoting regional basic research. However, their administrative actions are closely tied to their specific areas of focus and attention. This study uses data from 30 provinces and regions in China from 2011 to 2022 to empirically examine the impact of local government attention on basic research from both input and output perspectives, applying text analysis techniques. The results reveal a significant positive correlation between local government attention and basic research. Furthermore, both the market environment and the level of information maturity positively moderate this relationship. These findings remain robust after narrowing the time window, using alternative methods to measure explanatory variables, and conducting endogeneity tests. Accordingly, local governments should continue to emphasize basic research while enhancing the market environment and improving regional levels of information maturity.</div></div>\",\"PeriodicalId\":48226,\"journal\":{\"name\":\"International Review of Financial Analysis\",\"volume\":\"103 \",\"pages\":\"Article 104245\"},\"PeriodicalIF\":9.8000,\"publicationDate\":\"2025-04-09\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Review of Financial Analysis\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1057521925003321\",\"RegionNum\":1,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Review of Financial Analysis","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1057521925003321","RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
Impact of local government attention on basic research
Robust basic research is fundamental to building an innovative nation and establishing global leadership in science and technology. Local governments serve as key “locomotives” in promoting regional basic research. However, their administrative actions are closely tied to their specific areas of focus and attention. This study uses data from 30 provinces and regions in China from 2011 to 2022 to empirically examine the impact of local government attention on basic research from both input and output perspectives, applying text analysis techniques. The results reveal a significant positive correlation between local government attention and basic research. Furthermore, both the market environment and the level of information maturity positively moderate this relationship. These findings remain robust after narrowing the time window, using alternative methods to measure explanatory variables, and conducting endogeneity tests. Accordingly, local governments should continue to emphasize basic research while enhancing the market environment and improving regional levels of information maturity.
期刊介绍:
The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.