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An Empirical Research On The Effects Of Entrepreneur's Political Connections With Local Government On Innovation Intention

Posted on:2017-03-16Degree:MasterType:Thesis
Country:ChinaCandidate:F Y ChenFull Text:PDF
GTID:2346330518971356Subject:Business Administration
Abstract/Summary:PDF Full Text Request
Market plays an important role in resource allocation, so does the government. In China,enterprise's can get more scarce resources through the government. Important resources obtained by entrepreneur's political connection have a profound impact on enterprise innovation and thus affect the overall development of enterprises.With the financial resources and government subsidies as intermediary variable,marketization of financial industry and simplicity of administrative examination and approval as moderator variable,this paper mainly studies the influence of entrepreneur's political connections with local government on innovation intention and discusses the relationship among the variables on the two paths respectively. In this study, 401 enterprises in Chinext of Shenzhen Stock Exchange are the samples. Descriptive statistical analysis is made to sample data and empirical tests are made to each assumption by using SPSS 19.0 statistical analysis software. The results show that entrepreneur's political connections with local government can strengthen innovation intention, and help enterprise acquire financial resources and government subsidies. Financial resources and government subsidies can stimulate innovation intention.Financial resources and government subsidies play intermediary role. Marketization of financial industry and simplicity of administrative examination and approval play moderator role respectively. The higher degree of marketization of financial industry and simplicity of administrative examination and approval,the stronger innovation intention of political connection. According to the conclusions, this paper presents the corresponding recommendations from the aspects of political connection, innovation intention, financial resources, government subsidies, and institutional environment. First, pay attention to accumulate social capital of political connections and attach great importance to the cultivation of enterprise innovation intention. Second, integrate and utilize financial resources and government subsidies effectively. Third, promote the marketization of financial industry and accelerate the construction of simplicity of administrative examination and approval. This study doesn't focus on independent directors' political connections, as well as the relationship of entrepreneur's political connections and listed enterprises. Further study can be specified from the above aspects.
Keywords/Search Tags:Political connections, Innovation intention, Financial resources, Government subsidy, Marketization of financial industry, Simplicity of administrative examination and approval
PDF Full Text Request
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