| During the 40 years since the reform and opening up,China's economy has experienced a period of over 30 years of high-speed growth,and gradually turned to medium and high-speed growth.In the process of high-speed growth,it is imperative to transform the extensive development mode to the intensive development mode,and the factor resource dividend in economic development gradually disappears.In the"three stage superposition" stage,innovation driven economic growth is the establishment of a modern economic system Strong support.Enterprises are the main body of technological innovation and the new force to promote innovation and creation.It is the only way to realize the sustainable development of China's economy to promote the transformation of economic growth mode and high-quality development by enhancing the level of technological innovation of enterprises and to cross the"middle-income trap".Among the many factors that affect the technological innovation of enterprises,the market competition and the strength of enterprises themselves are two crucial aspects.In the process of promoting the development of the real economy with industry as the main body,to make the real economy bigger and stronger is the basis for the transformation and upgrading of traditional industries and the cultivation of strategic emerging industries.Therefore,it is an important factor to enhance the market power of Chinese enterprises so as to improve the technological innovation level of enterprises.Therefore,from the classical perspective of the relationship between market power and technological innovation,this paper analyzes the relationship between market power and technological innovation by measuring the market power of enterprises,so as to find new impetus for improving the level of technological innovation of enterprises and realizing the sustainable development of China's economy.The research on the relationship between market power and technological innovation has been paid much attention,but the research conclusions of a large number of literatures have been divergent.The systematic study of market power and innovation began with Schumpeter,who believed that monopoly power promoted innovation,and that market power hindered competition and inhibited innovation.In the empirical study,there are different conclusions about the relationship between market power and innovation,including positive relationship,negative relationship,and "U" and "inverted" U "relationship.The inconsistency of theoretical model conclusions may be due to different assumptions,and the inconsistency of empirical research conclusions may be due to different estimation methods,different data sources,and different choices of agency variables for market power and innovation.In this paper,the research on the relationship between market forces and technological innovation is mainly done in two aspects:one is to consider the relationship between market forces and technological innovation under different competitive pressures;the other is to integrate market forces and competitive pressures into a framework for discussion by measuring the market forces at the enterprise level,and to analyze the impact of technological innovation more comprehensively;the other is to This paper attempts to decompose market forces into two types:efficiency factor dominated formation and non efficiency factor dominated formation,and analyzes the relationship between them and technological innovation more specifically.At the same time,it also analyzes how technological innovation affects market forces,making the research more systematic and comprehensive.In the aspect of sample data,we mainly use the data of all state-owned and above scale non-state-owned enterprises in 2004-2007 of China industrial enterprise database to test the relationship between market power and enterprise technological innovation in China.The paper is consisted of eight chapters.The first chapter is an overview.It mainly introduces the research background and significance of the paper,defines the core object of the paper,defines the research objectives and contents,research ideas and research methods,and summarizes the main innovations.Chapter 2 combs the relevant research literature of the relationship between market power and technological innovation from the perspective of industrial organization theory,so as to determine the positioning of this study in this field.The theoretical mechanism of Chapter 3 mainly involves two aspects:the mechanism of market forces on technological innovation.On the basis of the existing research,we put forward the relationship between market forces and technological innovation under different competitive pressures.In view of the fact that the existing research rarely involves the analysis of the heterogeneity of market forces,we divide the formation factors of market forces into efficiency factors and technology innovation factors This paper analyzes the difference between the two factors that may affect the technological innovation of enterprises.Chapter 4 uses different indicators to measure the market power of China's industrial enterprises,and has a preliminary understanding of the current situation of market power and technological innovation of China's industrial enterprises as a whole.Chapter 5,Chapter 6 and Chapter 7 are the empirical analysis part of this paper,respectively analyzing the relationship between market forces and technological innovation under different competitive pressures,the impact of heterogeneous market forces on technological innovation,and how market forces affect the choice of technological innovation behavior.The empirical results in Chapter 5 show that the effect of market forces on technological innovation is affected by competition pressure.When the competition pressure is small,the threshold point of market forces on technological innovation is left(small),and when the competition pressure is large,the threshold point of market forces on technological innovation is right(large).The mechanism analysis shows that the impact of competitive pressure on market power effect can be reflected by product substitution elasticity,market concentration and entry barriers.In the market with low product substitution elasticity,the threshold value of market power is on the right(high side),and the market power has an obvious inhibitory effect on enterprise technological innovation,and the incentive effect is delayed;in the market with high concentration,the market power has a negative impact on the enterprise's technological innovation The threshold value of market power is on the right(on the high side),which makes the inhibition of market power on technological innovation of enterprises more obvious,and postpones the incentive effect on innovation;compared with the market with high proportion of state-owned capital,the threshold effect of market power on technological innovation of enterprises in the market with low proportion of state-owned capital is on the right(on the high side),and the market power will perform on technological innovation for a longer time In order to stimulate,the inhibition effect was delayed.The results of empirical analysis in Chapter 6 show that both the market forces led by efficiency and the market forces led by non efficiency have a negative impact on the innovation behavior of enterprises,but the inhibition of the efficiency market forces on technological innovation is small and not significant,while the non efficiency market forces significantly inhibit the technological innovation behavior of enterprises.Further analysis shows that the two kinds of market forces have a U-shaped impact on technological innovation,but the degree of impact is slightly different.The heterogeneity analysis shows that both efficiency and non efficiency market forces have a significant positive impact on technological innovation,and efficiency market forces have a greater incentive effect on technological innovation;market forces of state-owned enterprises have a positive incentive effect on technological innovation,but efficiency market forces do not significantly promote technological innovation,non efficiency market forces Market forces have significantly promoted technological innovation;market forces of enterprises with foreign equity have promoted technological innovation,but efficiency market forces have not significantly promoted technological innovation,and non efficiency market forces have significantly promoted technological innovation.In Chapter 7,the analysis of heterogeneous market forces shows that both market forces dominated by efficiency forces and market forces not dominated by efficiency forces have significant positive incentive effect on process innovation,but the former has no significant positive effect on product innovation,while the latter has significant negative effect on product innovation,indicating that market forces dominated by efficiency forces have significant positive incentive effect on product innovation The market forces,which are not dominated by efficiency forces,are obviously not conducive to product innovation.However,in terms of the direction and extent of the impact on the level of technological innovation,the market forces led by the efficiency forces have significantly improved the level of product innovation but not the level of process innovation.The market forces led by the non efficiency forces have significantly inhibited the level of product innovation but significantly improved the level of process innovation of enterprises.The results of heterogeneity analysis show that,with the increase of market power,enterprises in the eastern region are more likely to choose product innovation and process innovation.In comparison,the positive impact on product innovation is greater than the positive impact on process innovation,indicating that enterprises in the eastern region have more initiative advantages in product upgrading;for state-owned enterprises The analysis shows that the larger the market power is,the more inclined the state-owned enterprises are to choose process innovation,but the less inclined they are to choose product innovation.It shows that the state-owned enterprises are lack of incentives in product upgrading and upgrading,and are more inclined to carry out process innovation that can reduce production costs than product innovation.The enterprises with foreign equity have similar characteristics in the selection of technology innovation strategies.Chapter 8 discusses the relevant conclusions of this paper,and provides some policy suggestions for the government in the relevant policy-making;and analyzes the shortcomings of this paper,and prospects the possible research direction in the future.One of the innovations in this paper is to analyze the relationship between market power and technological innovation,and at the same time to consider the impact of different competitive pressures,making up for the deficiency of most previous studies that only consider market power or one of the two,so that the analysis of the relationship between market power and technological innovation is more comprehensive;the other is to analyze the relationship between market power and total factor productivity of enterprises,This paper explores the heterogeneity of market forces,and divides them into efficiency market forces and non efficiency market forces.On this basis,it discusses the impact of different types of market forces on technological innovation,and the relevant conclusions will be more conducive to the accuracy of policy level. |
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