Impact of Ownership Types on R&D Intensity and Innovation Performance - Evidence from Transitional China

Da Teng, Jingtao Yi

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Abstract

This paper examines the effects of ownership types on firms’ R&D intensity and innovation performance, using a sample of 357,857 Chinese firms from 2005-2007. This study finds considerable divergence among Chinese domestic enterprises in terms of R&D intensity and innovation performance. We find that firms owned by the central government are the key drivers for firms’ R&D activities, while local government, private and foreign ownerships are negatively related to both R&D intensity and innovation performance. This paper finds significant divergence within government ownership category and argue China’s institutional changes generate varied government ownership groups with different levels of resource endowment, which in turn influence firms’ R&D activities.
Publisher Statement: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Original languageEnglish
Pages (from-to)101-137
Number of pages37
JournalFrontiers of Business Research in China
Volume11
Issue number1
DOIs
Publication statusPublished - 5 Jun 2017

Keywords

  • Ownership
  • R&D intensity
  • innovation performance
  • institutional changes
  • China

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