Regulation and product innovation: the intermediate role of resource reallocation
Regulation and product innovation: the intermediate role of resource reallocation
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监管与产品创新：资源重新配置的中间作用
DOI：
10.1007/s00191-020-00676-6
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发表时间：
2020-05
影响因子：
1.8
通讯作者：
Xiaoyong Dai
中科院分区：
文献类型：
--
作者：
Fang Wang;Xiaoyong Dai
监管被认为是公司、行业和整个经济体创新活动的重要决定因素。因此，本文研究了管制对中国企业创新绩效的潜在影响。我们确定了一个倒U形的监管和产品创新绩效之间的关系。也就是说，在中国，监管对创新起着积极的促进作用：在一定的门槛水平内，企业越积极地应对监管，其产品创新绩效就越好。然而，在达到阈值之后，关系反转。此外，积极应对规章制度有助于企业获得资金，这反过来又促进了产品创新。同时，产出扭曲显著阻碍了产品创新绩效。然而，监管并没有显示出对产出扭曲的可衡量的影响。
Regulation has been identified as an important determinant of the innovation activities of companies, industries, and entire economies. As such, this paper investigates the potential effects of regulation on the innovative performance of firms in China. We identify an inverted U-shaped relationship between regulation and product innovation performance. That is, in China, regulation plays a positive role in promoting innovation: the more actively firms deal with regulations within certain threshold levels, the better their product innovation performance is. However, after reaching the threshold, the relationship reverses. Further, actively coping with regulations facilitates firms’ access to financial resources, which in turn promotes product innovation. Meanwhile, output distortion significantly impedes product innovation performance. However, regulation does not show a measurable impact on output distortion.
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