Government efficiency and enterprise innovation – evidence from China
Government efficiency and enterprise innovation – evidence from China
Chen Han(Xiamen National Accounting Institute, Xiamen, People’s Republic of China); Yoon Soon Suk(Department of Accounting and Finance, College of Business and Technology, Western Illinois University, Macomb, IL, USA)
27권 3호, 280~300쪽
초록
We use Chinese listed firms from 2010 to 2016 to explore the incentive mechanism and the differential effect of 27 provincial government efficiency on enterprise innovation. We find that the government efficiency positively affects the innovation investment and output. The government efficiency helps reduce rent-seeking opportunities; hence, rent-seeking firms react more positively to government efficiency. We also find that high-tech industry membership and state-ownership affect the incentive mechanism of government efficiency for enterprise innovation.
Abstract
We use Chinese listed firms from 2010 to 2016 to explore the incentive mechanism and the differential effect of 27 provincial government efficiency on enterprise innovation. We find that the government efficiency positively affects the innovation investment and output. The government efficiency helps reduce rent-seeking opportunities; hence, rent-seeking firms react more positively to government efficiency. We also find that high-tech industry membership and state-ownership affect the incentive mechanism of government efficiency for enterprise innovation.
- 발행기관:
- 기술경영경제학회
- 분류:
- 과학기술학