Political Turnover and Breakthrough Innovation: Evidence from China

Tao Jiang; Cheng Huang; Qiang Pan; Shiying Zhang

doi:10.2991/978-94-6463-408-2_9

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Political Turnover and Breakthrough Innovation: Evidence from China

Authors

Tao Jiang¹^{, *}, Cheng Huang², Qiang Pan¹, Shiying Zhang¹

¹School of Economics and Management, Harbin Institute of Technology (Shenzhen), Shenzhen, Guangdong, 518055, PR China

²School of Economics, Peking University, Beijing, 100871, PR China

^*Corresponding author. Email: jiangtaohit@stu.hit.edu.cn

Corresponding Author

Tao Jiang

Available Online 7 May 2024.

DOI: 10.2991/978-94-6463-408-2_9 How to use a DOI?
Keywords: Political turnover; Breakthrough inventions; Industries; China
Abstract: This study investigates how political turnover affects breakthrough inventions in Chinese cities. Our empirical evidence reveals a positive correlation between political turnover and breakthrough inventions when analyzing industry-region pairs instead of focusing on individual firms or regions. The results hold firm across diverse model specifications and subsample analyses. Extending the analysis to dynamic patterns indicates that the turnover of leaders does not influence breakthrough inventions before the turnover event. As a turnover event occurs, its positive impact becomes quickly evident, but diminishes and becomes insignificant once the uncertainty is resolved. Our research further reveals that the impact of political turnover on breakthrough inventions varies significantly across industries. Specifically, the positive impact is more pronounced in complex industries and industries that do not have a relative technological advantage.
Copyright: © 2024 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as 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.

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Volume Title: Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series: Advances in Economics, Business and Management Research
Publication Date: 7 May 2024
ISBN: 10.2991/978-94-6463-408-2_9
ISSN: 2352-5428
DOI: 10.2991/978-94-6463-408-2_9 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as 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.

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ris enw bib

TY  - CONF
AU  - Tao Jiang
AU  - Cheng Huang
AU  - Qiang Pan
AU  - Shiying Zhang
PY  - 2024
DA  - 2024/05/07
TI  - Political Turnover and Breakthrough Innovation: Evidence from China
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 68
EP  - 81
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_9
DO  - 10.2991/978-94-6463-408-2_9
ID  - Jiang2024
ER  -

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