The impact of R&amp;D investments in state-owned enterprises on the innovative behavior of private-owned enterprises

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Science Research Management ›› 2015, Vol. 36 ›› Issue (4) : 82-90.

The impact of R&D investments in state-owned enterprises on the innovative behavior of private-owned enterprises

Yang Zhi^1,2, Yan Zebin¹, Yu Linhui³, Xu Junhui⁴

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Abstract

Using the sample of Chinese Manufacturing firms from 2005 to 2007, this paper investigateswith Tobit regression model the impact of state-owned enterprises (SOEs)'s R&D input on innovative behavior of private-owned enterprises (POEs), and how this impact is moderated by different extent of regional agglomeration and industrial competition. We find that: (1) POEs' innovation input decreases significantly as the regional and industrial SOEs' R&D input increases, namely SOEs' R&D input has a crowding-out effect on POEs' innovation input; (2) the crowding-out effect will be strengthened significantly in the regions and industries with high agglomeration; and (3) the crowding-out effect will be weakened significantly in the regions and industries with high competition. This paper aims to provide favorable policy suggestions for the government to efficiently allocate government R&D resources and transform the innovation strategy from government-led innovation to enterprise-led innovation.

Key words

state-owned enterprises / private-owned enterprises / R&D investment / regional agglomeration / industrial competition

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Yang Zhi, Yan Zebin, Yu Linhui, Xu Junhui. The impact of R&D investments in state-owned enterprises on the innovative behavior of private-owned enterprises[J]. Science Research Management. 2015, 36(4): 82-90

References

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