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Evaluating The Innovation Incentive Effects Of Administration Of High-Tech Enterprise Identification

Posted on:2020-06-18Degree:MasterType:Thesis
Country:ChinaCandidate:L LiuFull Text:PDF
GTID:2416330575491992Subject:Administrative Management
Abstract/Summary:PDF Full Text Request
Technological innovation Policy is a common form of government's support for the innovation of enterprises.Based on the latest technological innovation Policy Studies,additionality and signal effect are two emerging concepts which could help evaluate innovation incentive effects of innovation policy.This paper has chosen the Administration of High-Tech Enterprise Identification(AEI)as study object,first clear AEI,s policy path,including policy evolution,policy objective,policy tools and policy evaluation;second,on the basis of data in New Over the Counter Market companies of Hubei Province in 2007,2010 and 2011,this paper investigates the innovation incentive effect of AEI,using Propensity Score Matching methodology to address the sample selection problem;and lastly,this paper has explored the influence mechanisms of its additionality.Results show that:First,on the whole,output additionality is positively related to AEI even after controlling for sample selection bias,but such effects cannot be observed in input additionality;The level of AEI's innovation incentive effects from small to large are substantive innovation,adjusted strategic innovation and strategic innovation.Second,signal effect has important impacts on the additionality,but there is heteroge-neity on its logic.(1)Financial development has a negative regulatory effect for the positive correlation between the input or output additionality and AEI;(2)Equity liquidity has a positive regulatory effect for the positive correlation between the output additionality and AEI,while for input additionality the effect is negligible.Third,ownership structure also has important impacts on the additionality,and there is also heterogeneity on its logic.(I)Shareholding Concentration has a negative regulatory effect for the positive correlation between the output additionality and AEI,while for input additionality the effect is negligible.(2)Managerial Ownership has significant effects on the correlation between the output additionality and AEI,under convergence-of-interest effects,output additionality is positively related to AEI;under entrenchment effects,substantive innovation is negatively related to AEI.This paper suggests that government should not only improve AEIF's system design,enhance supervision but also standardize capital market and guide enterprises to improve ownership structure,and accelerate the cultivation and development of third-party forces to participate in public governance of scientific and technological innovation.
Keywords/Search Tags:Administration of High-Tech Enterprise Identification, policy path, additionality, signal effect, ownership structure
PDF Full Text Request
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