The Impact of Ownership Type and Institutional Environment on Innovation Performance Based on CDM Model
Available Online October 2018.
- https://doi.org/10.2991/icpel-18.2018.78How to use a DOI?
- Ownership Type, Innovation Performance, Institutional Environment, CDM Model
- This document adopts a panel data of 45531 state-owned and non-state-owned industrial enterprises over the scale from 2005 to 2007 and the recursive CDM (structure) model, panel Probit model and consistent estimation to study the effects of ownership types on innovation input, innovation output and TFP enterprise performance, It also analyzes the moderating effect of institutional environment on innovation performance of different ownership enterprises. The studies show that: (1) Compared with other ownership enterprises, state-owned enterprises have more innovation input and stronger innovation output capacity, but their innovation efficiency is not as good as that of private enterprises; (2) Institutional environment not only significantly affects R&D input behavior (R&D input persistence and R&D input intensity), but also through innovative production. And then affect enterprise performance. The empirical results have important practical significance for the transformation of enterprise ownership structure, the improvement of institutional environment, and the study of how to improve enterprise innovation performance.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Qian Fang PY - 2018/10 DA - 2018/10 TI - The Impact of Ownership Type and Institutional Environment on Innovation Performance Based on CDM Model BT - 2018 3rd International Conference on Politics, Economics and Law (ICPEL 2018) PB - Atlantis Press SN - 2352-5398 UR - https://doi.org/10.2991/icpel-18.2018.78 DO - https://doi.org/10.2991/icpel-18.2018.78 ID - Fang2018/10 ER -