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引用次数: 0
摘要
本文利用企业与最近创新中心的距离作为外生代理,建立了研发资金配置与企业投资选择之间的因果关系。通过对越南上市公司(2006-2022)的分析,我发现随着公司与这些创新中心的距离增加,研发对公司绩效的影响减弱。此外,距离创新中心越远,研发对企业无形资产投资的影响就越小。我的研究结果突出了企业创新努力的重大地理限制。他们认为,进一步靠近创新中心可能会影响企业的研发效率,并扩大企业在经济增长和创新驱动生产率方面的差距(Croce et al., 2012;Croce et al., 2019)。最后,分析了2009年越南高新技术法对企业投资选择的影响。
Research and development fund allocation, high technology law, and firm investment choices
The distance to the nearest innovation centers is used as an exogenous proxy to establish a causal relationship between research and development (R&D) fund allocation and firm investment choices. Analyzing listed firms in Vietnam (2006–2022), I found that as the distance from firms to these innovation centers increases, the effect of R&D on firm performance diminishes. Additionally, greater distances to innovation centers weaken the impact of R&D on firms' investment in intangible assets. My findings highlight significant geographical constraints on firms’ innovation efforts. They suggest that further proximity to innovation centers could affect firms’ R&D efficiency and widen their disparities in economic growth and innovation-driven productivity (Croce et al., 2012; Croce et al., 2019). Finally, the effect of Vietnam’s 2009 High Technology Law on firms’ investment choices was also examined.
期刊介绍:
Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.