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Government procurement and key core technological innovation of "little giant" enterprises
Xu Yan, Zhang Yawen
Science Research Management ›› 2026, Vol. 47 ›› Issue (10) : 160-168.
PDF(1107 KB)
PDF(1107 KB)
Government procurement and key core technological innovation of "little giant" enterprises
Government procurement of key core technologies, as an important demand-side policy for supporting "little giant" enterprises, is a significant path to enhancing the key core technological innovation capabilities of these enterprises. Based on the "Directory of Industrial Foundation Innovation and Development (2021 Edition)", this paper used text analysis to identify the content of government procurement of key core technologies. Using the data of "little giant" listed companies from 2015 to 2023 as samples, a two-way fixed effect model was employed to study the impact and mechanism of government procurement of key core technologies on the key core technological innovation capabilities of "little giant" enterprises. The research results showed that:(1) Government procurement of key core technologies significantly enhances the key core technological innovation capabilities of the "little giant" enterprises that are procured; (2) Government procurement of key core technologies comprehensively enhances the key core technological innovation capabilities of "little giant" enterprises through four aspects:increasing expected market returns, strengthening executives' core technology cognition, promoting organizational cross-border integration, and alleviating financing constraints; (3) The analysis of policy synergy effects indicates that the combination of bilateral policies is more effective in significantly enhancing the key core technological innovation capabilities of "little giant" enterprises than a single policy, and the implementation strategy of "subsidy first, then procurement" has the best effect, while other strategies have no significant impact; (4) The heterogeneity of the innovation effect of government procurement of key core technologies is tested based on the type of procurement and enterprise characteristics. (5) Further research reveals that a good supply and demand interaction relationship between government departments and "little giant" enterprises promotes the improvement of the key core technological innovation capabilities of these enterprises. This paper enriches the micro-level research on government procurement, and will provide practical evidence for optimizing the key core technological innovation policies for "little giant" enterprises.
government key core technology procurement / "little giant" enterprise core technology innovation / synergistic effect
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