Transnational knowledge transfer or indigenous knowledge transfer: which channel has more benefits for China's high-tech enterprises?

Deng, Ping; Lu, Hao

doi:10.1108/ejim-07-2020-0269

Cited by 15 publications

(19 citation statements)

References 66 publications

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“…Since investors in CFF are normally inclined to pursue short-term and low-risk investments, they are less likely to support R&D investment, which has a long-term risk [40,41]. In addition, as discussed above, firms tend to sustain a relatively stable R&D level with changes in CFI and CFO and are reluctant to invest more in R&D when CFF increases, which can be explained by the high adjustment costs and high uncertainty of R&D investment [42].…”

Section: Firm Maturity Cash Flow Sources and Randd Investmentmentioning

confidence: 99%

The Influence Mechanism of Different Cash Flow Availability on R&D Investment: Evidence from China

Hua

2022

Complexity

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It has been widely assumed and proven that a firm’s research and development (R&D) investment is limited if the availability of cash flow is constrained. The purpose of this study is to verify the opposite proposition: whether firms invest heavily in R&D when more cash flow is available. This paper discusses the heterogeneous relationship between cash flow from different sources and the R&D investment of firms. The study divides the firm’s cash flow into three categories according to the business activities that generate firm finance: cash flow from operating activities (CFO), cash flow from investing activities (CFI), and cash flow from financing activities (CFF). On this basis, a dynamic R&D investment model is constructed, and the relevant data for Chinese listed firms are used for the empirical research. The study finds that Chinese listed firms do not necessarily spend more cash on R&D investment, even if the availability of cash flow is not constrained. For young firms, CFO and CFI do not significantly correlate with R&D investment, and CFF significantly negatively correlates with R&D investment. For mature firms, the correlations between cash flow generated from different activities and R&D investment are nonsignificant.

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Section: Firm Maturity Cash Flow Sources and Randd Investmentmentioning

confidence: 99%

The Influence Mechanism of Different Cash Flow Availability on R&D Investment: Evidence from China

Hua

2022

Complexity

Self Cite

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“…In studies examining the effect of internal knowledge on innovation activities in the high‐tech industry, most scholars affirmed a positive impact (Chen & Hou, 2016; Dai, 2015), generally believing that internal knowledge significantly promotes innovation output and is the core knowledge source of innovation‐driven development. Studies concerning the effect of knowledge spillover on innovation activities in the high‐tech industry can be roughly divided into the following two aspects: the exploration of the direct relationship between knowledge spillover and innovation activities in the high‐tech industry (Deng & Lu, 2021; Hou & Chen, 2017; Zhou & Zeng, 2016) and the exploration of the interactions among the three variables by introducing additional variables (Fan & Li, 2019; Zhang & Zhao, 2017). In the extant literature concerning the interaction effect between internal knowledge and knowledge spillover on innovation activities in the high‐tech industry, scholars generally believe that the differential impact of this knowledge combination on innovation output is obvious (Sha & Li, 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

Nonlinear impact of the interaction between internal knowledge and knowledge spillover on patent quality: Evidence from China's provincial high‐tech industry

Lin

Zhou

et al. 2022

Manage Decis Econ

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This paper first divides knowledge resources into internal knowledge and knowledge spillover from the dual perspective of inside and outside the region. Then, a panel threshold regression model is constructed by using the panel data from 30 provincial high‐tech industries in China during the 2009–2019 period using the intellectual property protection intensity as the threshold variable, and the nonlinear impact of the interaction between internal knowledge and knowledge spillover on the patent quality in the high‐tech industry is empirically explored. The results show the following. (1) The interaction between internal knowledge and knowledge spillover has a significant nonlinear effect on the patent quality in China's provincial high‐tech industry. There is a double‐threshold effect with the intellectual property protection intensity as the threshold variable. (2) As the threshold value of the intellectual property protection intensity increases, the promotion effect of the interaction between internal knowledge and knowledge spillover on the patent quality first increases and then decreases. (3) The spatiotemporal heterogeneity of the intellectual property protection intensity is obvious in all regions in China. (4) Internal knowledge, the infrastructure construction level, and the human capital level have significant positive effects on the patent quality, while knowledge spillover and the opening‐up level have significant negative effects.

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“…In terms of research methods, most of the current research on the relationship between tax policy and corporate innovation uses qualitative analysis [10,20] and quantitative empirical analysis methods. Among these methods, quantitative empirical analysis methods used mainly include the propensity score matching method [21,22], the questionnaire survey method [23,24], and panel data regression analysis [11,17,25,26].…”

Section: E Impact Of Government's Tax Policy On the Innovation Of High-tech Enterprisesmentioning

confidence: 99%

“…Compared to traditional enterprises, high-tech enterprises pay more attention to technological innovation and engage continuously in hightech innovation through the intensive investment of R&D funds and talent. Although high-tech enterprises enjoy the competitive advantages brought about by continuous innovation, the application of new technologies and the opening of new markets are often highly risky and therefore require government support and guidance [22]. e universality, high transparency, and predictability of preferential tax policies can help companies make R&D decisions.…”

Section: Construction Of the Evolutionary Game Modelmentioning

confidence: 99%

“…e universality, high transparency, and predictability of preferential tax policies can help companies make R&D decisions. Relevant research shows that after being recognized as high-tech enterprises, a series of preferential policies have a significant incentivizing effect on firms' innovation capabilities [22,30]. In terms of corporate income tax, hightech enterprise income tax is levied at a reduced tax rate of 15%, which increases corporate cash flow and indirectly increases capital supply by reducing the taxable amount imposed on high-tech enterprises and reducing taxes [12].…”

Section: Construction Of the Evolutionary Game Modelmentioning

confidence: 99%

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Evolutionary Game Analysis of the Innovation Behavior of High-Tech Enterprises with Government Participation

Gong

Liu

Chang

2021

Mathematical Problems in Engineering

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High-tech enterprises, as the key subjects that can stimulate innovation vitality and promote innovation-driven development strategies in China, require government guidance for their innovative activities. However, the existing research has not answered the issue of how the government behavior activates the innovation ability of high-tech enterprises and what is the internal mechanism. As such, this paper takes government participation in high-tech enterprises as its research object, constructs an evolutionary game model of government participation in enterprise innovation, analyzes the internal mechanism of improvements to high-tech enterprises’ innovation ability under government tax and fee policy incentives and regulatory measures, and uses MATLAB numerical simulation to verify the results. The research shows that (1) increasing the general corporate income tax rate and reducing the high-tech corporate income tax rate can promote the transformation of general enterprises into high-tech enterprises and encourage enterprises to engage in scientific and technological innovation activities. However, when the high-tech corporate income tax rate is lower than 0.1, the marginal effect will be reduced. (2) Increasing the deduction coefficient and amortization coefficient can make high-tech enterprises more motivated to participate in innovation activities and thus render enterprise innovation more lucrative. (3) Increasing administrative penalties from regulatory authorities can promote the development of innovative activities in high-tech enterprises, but their intensity must be controlled within a reasonable range. The presented results have reference value for the adjustment of tax and fee policies among high-tech enterprises.

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Transnational knowledge transfer or indigenous knowledge transfer: which channel has more benefits for China's high-tech enterprises?

Cited by 15 publications

References 66 publications

The Influence Mechanism of Different Cash Flow Availability on R&D Investment: Evidence from China

The Influence Mechanism of Different Cash Flow Availability on R&D Investment: Evidence from China

Nonlinear impact of the interaction between internal knowledge and knowledge spillover on patent quality: Evidence from China's provincial high‐tech industry

Evolutionary Game Analysis of the Innovation Behavior of High-Tech Enterprises with Government Participation

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