Jingtao Yi
The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China
Yi, Jingtao; Hong, Junjie; Hsu, Wen chung; Wang, Chengqi
Authors
Junjie Hong
Wen chung Hsu
CHENGQI WANG CHENGQI.WANG@NOTTINGHAM.AC.UK
Professor of Strategy & International Business
Abstract
Although it has been suggested that institutional context influences a firm's innovation performance, the role of regulatory institutions has been underexplored. Extending previous research, this study investigates whether and how regulatory institutions (i.e. state ownership, region-specific marketization and industry-specific institutional policy) affect innovation performance of emerging market enterprises (EMEs). Evidence derived from a large sample of Chinese manufacturing firms demonstrates that state ownership positively moderates the effect of R&D intensity on innovation performance. However, state ownership is not equally beneficial for all firms. Our analysis shows that region-specific marketization and industry-specific institutional policy enhance the innovation-enhancing effect of state ownership. By revealing the role of regulatory institutions, our study points to the importance of looking beyond firm boundaries to understand why EMEs are able to innovate despite their weak internal capabilities.
Citation
Yi, J., Hong, J., Hsu, W. C., & Wang, C. (in press). The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China. Technovation, 62-63, https://doi.org/10.1016/j.technovation.2017.04.002
Journal Article Type | Article |
---|---|
Acceptance Date | Apr 14, 2017 |
Online Publication Date | Apr 18, 2017 |
Deposit Date | Nov 8, 2017 |
Publicly Available Date | Apr 19, 2019 |
Journal | Technovation |
Print ISSN | 0166-4972 |
Electronic ISSN | 1879-2383 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 62-63 |
DOI | https://doi.org/10.1016/j.technovation.2017.04.002 |
Keywords | State ownership ; Marketization ; Industry policy ; Emerging market enterprises ; Innovation performance |
Public URL | https://nottingham-repository.worktribe.com/output/856378 |
Publisher URL | http://www.sciencedirect.com/science/article/pii/S016649721730247X |
Contract Date | Nov 8, 2017 |
Files
the role of state.pdf
(204 Kb)
PDF
You might also like
Under what institutional conditions do business groups enhance innovation performance?
(2014)
Journal Article
Subnational institutions and open innovation: evidence from China
(2017)
Journal Article
Outward FDI, location choices and innovation performance of emerging market enterprises
(2017)
Journal Article
Foreign and domestic collaboration, product innovation novelty, and firm growth
(2017)
Journal Article
Downloadable Citations
About Repository@Nottingham
Administrator e-mail: discovery-access-systems@nottingham.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2024
Advanced Search