The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China
Although it has been suggested that institutional context influences a firm's innovation performance, the role of regulatory institutions has been underexplored. Extending previous research, this study investigates whether and how regulatory institutions (i.e. state ownership, region-specific m...
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| Format: | Article |
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Elservier
2017
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| Online Access: | https://eprints.nottingham.ac.uk/47968/ |
| _version_ | 1848797658543554560 |
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| author | Yi, Jingtao Hong, Junjie Hsu, Wen chung Wang, Chengqi |
| author_facet | Yi, Jingtao Hong, Junjie Hsu, Wen chung Wang, Chengqi |
| author_sort | Yi, Jingtao |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Although it has been suggested that institutional context influences a firm's innovation performance, the role of regulatory institutions has been underexplored. Extending previous research, this study investigates whether and how regulatory institutions (i.e. state ownership, region-specific marketization and industry-specific institutional policy) affect innovation performance of emerging market enterprises (EMEs). Evidence derived from a large sample of Chinese manufacturing firms demonstrates that state ownership positively moderates the effect of R&D intensity on innovation performance. However, state ownership is not equally beneficial for all firms. Our analysis shows that region-specific marketization and industry-specific institutional policy enhance the innovation-enhancing effect of state ownership. By revealing the role of regulatory institutions, our study points to the importance of looking beyond firm boundaries to understand why EMEs are able to innovate despite their weak internal capabilities. |
| first_indexed | 2025-11-14T20:07:23Z |
| format | Article |
| id | nottingham-47968 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T20:07:23Z |
| publishDate | 2017 |
| publisher | Elservier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-479682020-05-04T18:42:08Z https://eprints.nottingham.ac.uk/47968/ The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China Yi, Jingtao Hong, Junjie Hsu, Wen chung Wang, Chengqi Although it has been suggested that institutional context influences a firm's innovation performance, the role of regulatory institutions has been underexplored. Extending previous research, this study investigates whether and how regulatory institutions (i.e. state ownership, region-specific marketization and industry-specific institutional policy) affect innovation performance of emerging market enterprises (EMEs). Evidence derived from a large sample of Chinese manufacturing firms demonstrates that state ownership positively moderates the effect of R&D intensity on innovation performance. However, state ownership is not equally beneficial for all firms. Our analysis shows that region-specific marketization and industry-specific institutional policy enhance the innovation-enhancing effect of state ownership. By revealing the role of regulatory institutions, our study points to the importance of looking beyond firm boundaries to understand why EMEs are able to innovate despite their weak internal capabilities. Elservier 2017-04-18 Article PeerReviewed Yi, Jingtao, Hong, Junjie, Hsu, Wen chung and Wang, Chengqi (2017) The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China. Technovation, 62-63 . pp. 4-13. ISSN 0166-4972 State ownership ; Marketization ; Industry policy ; Emerging market enterprises ; Innovation performance http://www.sciencedirect.com/science/article/pii/S016649721730247X doi:10.1016/j.technovation.2017.04.002 doi:10.1016/j.technovation.2017.04.002 |
| spellingShingle | State ownership ; Marketization ; Industry policy ; Emerging market enterprises ; Innovation performance Yi, Jingtao Hong, Junjie Hsu, Wen chung Wang, Chengqi The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China |
| title | The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China |
| title_full | The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China |
| title_fullStr | The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China |
| title_full_unstemmed | The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China |
| title_short | The role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from China |
| title_sort | role of state ownership and institutions in the innovation performance of emerging market enterprises: evidence from china |
| topic | State ownership ; Marketization ; Industry policy ; Emerging market enterprises ; Innovation performance |
| url | https://eprints.nottingham.ac.uk/47968/ https://eprints.nottingham.ac.uk/47968/ https://eprints.nottingham.ac.uk/47968/ |