{"title":"政府干预对创新中资源错配的影响:所有权差异","authors":"Zhiwen Zhang, Zilong Wang, S. Liang","doi":"10.1080/16081625.2021.1977662","DOIUrl":null,"url":null,"abstract":"ABSTRACT In the present study, the misallocation of resources in innovation in the China’s high-tech industry sector was analysed. A model was constructed to measure the misallocation of resources at the level of the department. Based on the model, there is an estimated misallocation of total resources, capital, and labour, respectively. The empirical findings show that there is a misallocation of innovation resources in the high-tech industry sector, with a general trend of fluctuation from 45.73% in 2009 to 7.85% in 2016. The misallocation of resources caused by labour is greater than capital. Government intervention has a significant negative impact on the misallocation of resources in innovation. An increase in the share of SOEs in an industry will deepen the misallocation.","PeriodicalId":45890,"journal":{"name":"Asia-Pacific Journal of Accounting & Economics","volume":"1 1","pages":"230 - 246"},"PeriodicalIF":1.4000,"publicationDate":"2021-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"The effect of government intervention on the resource misallocation in innovation: ownership differences\",\"authors\":\"Zhiwen Zhang, Zilong Wang, S. Liang\",\"doi\":\"10.1080/16081625.2021.1977662\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT In the present study, the misallocation of resources in innovation in the China’s high-tech industry sector was analysed. A model was constructed to measure the misallocation of resources at the level of the department. Based on the model, there is an estimated misallocation of total resources, capital, and labour, respectively. The empirical findings show that there is a misallocation of innovation resources in the high-tech industry sector, with a general trend of fluctuation from 45.73% in 2009 to 7.85% in 2016. The misallocation of resources caused by labour is greater than capital. Government intervention has a significant negative impact on the misallocation of resources in innovation. An increase in the share of SOEs in an industry will deepen the misallocation.\",\"PeriodicalId\":45890,\"journal\":{\"name\":\"Asia-Pacific Journal of Accounting & Economics\",\"volume\":\"1 1\",\"pages\":\"230 - 246\"},\"PeriodicalIF\":1.4000,\"publicationDate\":\"2021-09-06\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Asia-Pacific Journal of Accounting & Economics\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1080/16081625.2021.1977662\",\"RegionNum\":4,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia-Pacific Journal of Accounting & Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/16081625.2021.1977662","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
The effect of government intervention on the resource misallocation in innovation: ownership differences
ABSTRACT In the present study, the misallocation of resources in innovation in the China’s high-tech industry sector was analysed. A model was constructed to measure the misallocation of resources at the level of the department. Based on the model, there is an estimated misallocation of total resources, capital, and labour, respectively. The empirical findings show that there is a misallocation of innovation resources in the high-tech industry sector, with a general trend of fluctuation from 45.73% in 2009 to 7.85% in 2016. The misallocation of resources caused by labour is greater than capital. Government intervention has a significant negative impact on the misallocation of resources in innovation. An increase in the share of SOEs in an industry will deepen the misallocation.
期刊介绍:
The Asia-Pacific Journal of Accounting & Economics (APJAE) is an international forum intended for theoretical and empirical research in all areas of economics and accounting in general. In particular, the journal encourages submissions in the following areas: Auditing, financial reporting, earnings management, financial analysts, the role of accounting information, international trade and finance, industrial organization, strategic behavior, market structure, financial contracts, corporate governance, capital markets, and financial institutions. The journal welcomes contributions related to the Asia Pacific region, and targets top quality research from scholars with diverse regional interests. The editors encourage submission of high quality manuscripts with innovative ideas. The editorial team is committed to an expedient review process.