Industrial Investment Funds, Government R&amp;D Subsidies, and Technological Innovation: Evidence From Chinese Companies

Ren, Yuan-ming

doi:10.3389/fpsyg.2022.890208

Cited by 6 publications

(3 citation statements)

References 18 publications

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“…In order to advance goals of the public interest, government subsidies may establish policies to support innovations generally or specifically target a certain type of new technology ( Shu et al, 2014 ; Huang et al, 2019 ). There are numerous types of assistance that government subsidies can provide, including tax refunds and innovation subsidy ( Ren, 2022 ; Song and Zhao, 2022 ). The government faces a significant challenge in enhancing the quality of innovation.…”

Section: Introductionmentioning

confidence: 99%

Government innovation subsidy, executives’ academic capital and innovation quality: Evidence from pharmaceutical companies in China

Xia

Fan²,

Zuo³

et al. 2023

Front. Psychol.

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The government employs innovation subsidies as a key incentive strategy to promote companies to innovate more technically. This study analyses how innovation subsidies influences the quality of corporate innovation. We create an innovation quality index for pharmaceutical corporations using categorizing data from patent applications submitted by pharmaceutical companies. Using data from 180 listed Chinese pharmaceutical companies between 2010 and 2020, this study proposes a panel regression model to assess the influence of government innovation subsidies on innovation quality, as well as the moderating effect of CEOs’ academic capital. How well innovations are subsidized is also affected by the heterogeneity of property rights. Innovation subsidy has a greater and more positive impact on non-SOEs. This article demonstrates that CEOs with academic credentials and executives with ties to the pharmaceutical industry have a variety of moderate effects. The research offers novel suggestions for enhancing business creativity and the innovation subsidy programme.

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Section: Introductionmentioning

confidence: 99%

Government innovation subsidy, executives’ academic capital and innovation quality: Evidence from pharmaceutical companies in China

Xia

Fan²,

Zuo³

et al. 2023

Front. Psychol.

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show abstract

“…R&D investment intensity (RD) is calculated by the percentage of regional internal expenditure on R&D to regional GDP. Government R&D subsidies can increase enterprises' R&D investment and improve their technological innovation [35]. The higher the level of R&D, the more advanced the technology, thus reducing energy consumption [36].…”

Section: Control Variablesmentioning

confidence: 99%

The Energy-Saving Effect of E-Commerce Development—A Quasi-Natural Experiment in China

2023

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This study provides a viable path to save energy by means of e-commerce development. Taking the national e-commerce demonstration cities (NEDC) pilots policy implemented in China as a quasi-natural experiment, based on the city panel data from 2006 to 2019, this study applies the multi-period difference-in-difference (DID) method to evaluate the effect of NEDC on energy saving in pilot cities. The empirical results suggest that the NEDC policy obviously contributes to energy conservation. The treated cities reduced energy consumption by 14.2% as a result of the implementation of NEDC, relative to the untreated cities. The conclusions remain valid after conducting robustness tests such as placebo test, instrumental variables regression, propensity score matching-difference-in-difference (PSM-DID), and synthetic difference-in-difference (SDID). The NEDC achieves energy-saving effects through technological innovation, industrial restructuring, and economic agglomeration. Furthermore, the heterogeneity analysis indicates that, in cities with high levels of human capital, well-developed information infrastructure, non-resource-based cities, and favorable business environments, the impact of NEDC on energy saving is more significant. Analysis of spatial effects shows that the implementation of NEDC has negative externalities, increasing energy consumption in the surrounding area. In the context of the digital economy, this paper presents new insights on the relationship between e-commerce and energy consumption and provides policy direction for countries looking for energy-saving solutions.

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“…Recent research presented three distinct perspectives regarding the impact of environmental regulation on green innovation in enterprises. Firstly, it was argued that such regulation can foster green innovation [6,[12][13][14]. Secondly, there was a viewpoint suggesting that it may hinder green innovation [3,[15][16][17].…”

Section: Literature Reviewmentioning

confidence: 99%

Environmental Regulation and Spatial Spillover Effect of Green Technology Innovation: An Empirical Study on the Spatial Durbin Model

Zhang,

2023

Sustainability

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This study empirically examined the spatial spillover effect of various environmental regulations on green technology innovation using panel data from 284 cities at the prefecture level in China between 2007 and 2019. A geographical–economic spatial weight matrix was constructed, and the spatial Durbin model was employed to identify the specific characteristics of this spillover effect. The findings indicate that the spatial spillover effect of green technology innovation primarily occurs through geographical transmission. However, there is no significant spatial autocorrelation when using the economic distance weight matrix. Various types of environmental regulations influence the spatial spillover effect of green technology innovation in distinct ways. Specifically, market-motivated environmental regulation exhibits a U-shaped relationship with the spatial spillover effect, while command-controlled environmental regulation demonstrates an inverted U-shaped relationship, suggesting a complementary effect. Additional research shows that the upgrading of industrial structure acts as a mediator between command-controlled environmental regulation and the spatial spillover effect of green technology innovation. Government departments should comprehensively coordinate market-motivated environmental regulation and command-controlled environmental regulation, accurately assess the intensity of command-controlled measures, and prevent the migration of green technology innovation elements caused by excessive regulatory measures within enterprises.

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Industrial Investment Funds, Government R&D Subsidies, and Technological Innovation: Evidence From Chinese Companies

Cited by 6 publications

References 18 publications

Government innovation subsidy, executives’ academic capital and innovation quality: Evidence from pharmaceutical companies in China

Government innovation subsidy, executives’ academic capital and innovation quality: Evidence from pharmaceutical companies in China

The Energy-Saving Effect of E-Commerce Development—A Quasi-Natural Experiment in China

Environmental Regulation and Spatial Spillover Effect of Green Technology Innovation: An Empirical Study on the Spatial Durbin Model

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