Innovation Spillovers between Domestic Firms in China
Innovation Spillovers between Domestic Firms in China
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DOI：
10.1080/1540496x.2021.1926978
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发表时间：
2021-07
影响因子：
4
通讯作者：
Go Yano;Maho Shiraishi
中科院分区：
文献类型：
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作者：
Go Yano;Maho Shiraishi
摘要本研究旨在弄清中国的内资企业之间是否存在创新溢出效应。本文利用上市公司的数据以及行业层面的研发资本存量和研发人员的数据，检验了中国国内企业是否不仅从FDI企业的溢出中受益，而且在创新方面也从其他国内企业的溢出中受益。我们发现，国有企业受益于中国对其他国内企业创新投入和产出的溢出效应，而其他国内企业对民营企业创新的溢出效应取决于其财力的可获得性，并随着其可用财力的增加而增大。PE能否通过其他国内公司持有的人力资本受益于溢出效应，也取决于它们是否有财政资源可用。
ABSTRACT This study aims to clarify whether innovation spillover effects can be observed between domestic firms in China. Using listed firms’ data and the R&D capital stock and R&D workers’ data at the industry level, we examined whether Chinese domestic firms benefited from spillovers from not only FDI firms but also from the other domestic firms in terms of their innovations. We found that state-owned enterprises benefited from the spillover effects on innovation input and output from the other domestic firms in China, whereas the spillover effects on the innovations of private firms (PEs) from the other domestic firms were conditional on their availability of financial resources and became larger as their available financial resources increased. Whether PEs could benefit from spillover effects through the human capital held by the other domestic firms was also conditional on their availability of financial resources.