Innovation and government intervention: A comparison of Singapore and Hong Kong

Wang, Jue

doi:10.1016/j.respol.2017.12.008

Cited by 188 publications

(135 citation statements)

References 26 publications

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“…Government internationalization subsidies have a strong effect on SOEs carrying out external expansion [22]. The existing studies used different proxies to measure the influence of government involvement on firms' CBM & A, e.g., a SOE dummy variable [23], state-owned capital over total capital [7], region-specific home institutional development [24], political connections [25], and the pyramid structure of SOEs [26].…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

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The Cross-Border Mergers and Acquisitions of Local State-Owned Enterprises: The Role of Home Country Government Involvement

Bao

2020

Sustainability

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Existing literature tends to treat enterprises as a whole when measuring government intervention. However, in Chinese region-specific institutional development, ultimate control (i.e., local government) tends to control multiple enterprises. This paper considers the enterprises controlled by the same ultimate controller as a portfolio, which is used to measure government intervention by comparing the differences of the enterprises in the portfolio. This paper uses the data of Chinese listed local state-owned enterprises (LSOEs). and we assess whether local state ownership benefits or offsets LSOEs’ cross-border mergers and acquisitions (CBM & A) activities. We propose a new measurement of government intervention to explain the mechanisms through which government influences the cross-border mergers and acquisitions of local SOEs. The experimental results show that government intervention and region-specific marketization institutional development negatively moderate the effect of government internationalization subsidies and government intervention on CBM & A separately. However, government internationalization subsidies, government intervention, and region-specific marketization enhance the CBM & A effect of state ownership separately. This study explores the benefits of government involvement in local SOEs. The value of this paper is to provide a novel perspective, including the intermediary effect of government intervention and the market environment.

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Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

“…The data of this variable is from the 2003-2017 CSMAR database. This variable is widely mentioned by scholars' studies as being an intervening variable or independent variable [22,38].…”

Section: For Details) Information Regarding Chinese Local Soes' Outwmentioning

confidence: 99%

The Cross-Border Mergers and Acquisitions of Local State-Owned Enterprises: The Role of Home Country Government Involvement

Bao

2020

Sustainability

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“…The World Intellectual Property Organization also mentions that patents disseminate new knowledge, help third-parties solve problems, and foster the advance of technology and science in the territory where they are granted, which enables to promote them as essential elements in value creation for developed economies (Lev, 2000;Plata, 2005). Additionally, patents have been considered to be an indicator of innovation widely used by developed and developing countries (Anduray & Pedroza, 2018;Galasso & Schankerman, 2018;Lee, Kwon, Kim, & Kwon, 2018;Levitt & Pauling, 2018;Wang, 2018) Technology Valuation Li and Chen (2006) explain that technology valuation comprises technical and financial elements as well as strategic technology management, which makes it an important component in decision making. The investment decision becomes a matter of judgement because of the uncertainty it produces, the flexibility of the business model and possible changes in the context.…”

Section: Patentsmentioning

confidence: 99%

Minimum Qualitative Variables to Value Patents by Technology-Based Firms

Arroyave

Enciso

Hernández

2019

Journal of Technology Management & Innovation

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Since the 1990's, intangible assets such as patents have taken on importance in organizations and, as a result, several stakeholders are increasingly concerned about protecting, valuating, commercializing and negotiating technologies developed by patenting processes. This study aims to establish Minimum Qualitative Variables (MQVs) to support the valuation of patents by technology-based firms. The method to determine the MQVs was qualitative and based on a correlation matrix between MQVs identified in the literature and those suggested by experts. The results indicate that identifying such variables, especially the legal kind, is crucial to the valuation process because they suggest the possibility of producing and commercializing the technology in a given geographical context.

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“…They may encourage firms to take more ambitious projects, start R&D collaboration and improve R&D management. Though, Wang (2018) argue that degrees of government intervention vary from directive support by "actively advising industrial policy" and selected areas of industry to "facilitative intervention" by creating positive environment for companies and enhancing conditions for competitive enterprises. He illustrates effective government intervention in Singapore on enhancing innovation especially by big players as compared to less active Hong Kong industry innovation that is mainly created by small local firms as examples.…”

Section: Grants and Tax Incentivesmentioning

confidence: 99%

Managing Economic Innovations – Ideas and Institutions

2019

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Innovation and government intervention: A comparison of Singapore and Hong Kong

Cited by 188 publications

References 26 publications

The Cross-Border Mergers and Acquisitions of Local State-Owned Enterprises: The Role of Home Country Government Involvement

The Cross-Border Mergers and Acquisitions of Local State-Owned Enterprises: The Role of Home Country Government Involvement

Minimum Qualitative Variables to Value Patents by Technology-Based Firms

Managing Economic Innovations – Ideas and Institutions

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