Influence of Chinese entrepreneurial companies’ internationalization on independent innovation: Input incentive effect and efficiency improvement effect

The current study evaluates the role of a democratic institution—participatory budgeting—in improving government efficiency. Participatory institutions aim to enhance governance, information sharing, and the responsiveness of political agents to citizens, leading to fiscal accountability and efficiency. Drawing from a database of 221 municipal governments in South Korea around a mandatory participatory budgeting adoption period, we find that participatory budgeting adoptions are followed by improvement in multiple dimensions of government efficiency. In particular, municipal governments experience statistically significant improvements in their fiscal sustainability and administrative efficiency. In additional analysis, we find that the efficiency improvements are more pronounced in the presence of strong mayoral leadership. Overall findings suggest that participatory budgeting programs contribute to fiscal health and administrative efficiency, above and beyond their role in securing fiscal democracy. Points for practitioners The current study suggests that participatory budget systems not only contribute to quality in democracy (as prior studies have found), but also improve fiscal efficiency and accountability by serving as a bottom-up governance mechanism. We document that introductions of participatory budgeting programs are followed by statistically significant improvements in fiscal sustainability and administrative efficiency. The results also indicate that the efficiency-improvement effect differs across municipalities, depending on their political environments. Overall, this study provides a strong argument for the participatory budgeting system by empirically supporting its efficiency-improvement effect.

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Collaborative R&D between multicrystalline silicon ingots and battery efficiency improvement—effect of shadow area in multicrystalline silicon ingots on cell efficiency

Journal of Semiconductors ◽

10.1088/1674-4926/39/8/083004 ◽

2018 ◽

Vol 39 (8) ◽

pp. 083004

Author(s):

Xiang Zhang ◽

Chunlai Huang ◽

Lei Wang ◽

Min Zhou

Keyword(s):

Multicrystalline Silicon ◽

Efficiency Improvement ◽

Cell Efficiency ◽

Shadow Area ◽

Improvement Effect

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Efficiency Improvement Effect Analysis for Marginal Storage Capacity in DC Electric Railway Systems

The Transactions of The Korean Institute of Electrical Engineers ◽

10.5370/kiee.2014.63.8.1159 ◽

2014 ◽

Vol 63 (8) ◽

pp. 1159-1163

Author(s):

Hansang Lee ◽

Donghee Yoon ◽

Hyungchul Kim ◽

Sung-Kwan Joo ◽

Hosung Jung

Keyword(s):

Storage Capacity ◽

Efficiency Improvement ◽

Effect Analysis ◽

Railway Systems ◽

Improvement Effect ◽

Electric Railway

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Government Intervention, Financial Support, and Comprehensive Efficiency of Enterprise Independent Innovation: Empirical Analysis Based on the Data of Chinese Strategic Emerging Industries

Mathematical Problems in Engineering ◽

10.1155/2020/8723062 ◽

2020 ◽

Vol 2020 ◽

pp. 1-10

Author(s):

Ze-Jiong Zhou ◽

Yao Wang ◽

Miao-Miao Lu ◽

Jia-Ming Zhu

Keyword(s):

Technical Efficiency ◽

Financial Support ◽

Government Intervention ◽

Inhibitory Effect ◽

Scale Efficiency ◽

Incentive Effect ◽

Independent Innovation ◽

Emerging Industries ◽

Countermeasures And Suggestions ◽

The Impact

Government intervention and financial support are two major means to promote the independent innovation performance of enterprises in strategic emerging industries, and government intervention has induced crowding-out effects on financial support, which leads to the uncertainty of the dual incentive effect of government intervention and financial support on enterprises’ independent innovation. The research object of this paper is 657 strategic emerging enterprises listed in Shanghai and Shenzhen. We empirically studied the impact of government intervention and financial support on the comprehensive efficiency of independent innovation of strategic emerging enterprises. The empirical study draws the following conclusions. Firstly, the comprehensive efficiency of independent innovation of enterprises is in the trend of continuous improvement and technical efficiency and scale efficiency are also increasing, but the technical efficiency is lower than the scale efficiency, which shows that the improvement of independent innovation efficiency mainly depends on the expansion of innovation scale. Secondly, both government intervention and financial support promote the comprehensive efficiency of independent innovation of strategic emerging industry enterprises, but the incentive effect of government intervention is more obvious. Thirdly, there is an inverted U-shaped relationship between government intervention and the comprehensive efficiency of independent innovation. Fourthly, the regression coefficient of the interaction between government intervention and financial support and the comprehensive efficiency of enterprise independent innovation is negative, which indicates that government intervention has an inhibitory effect on the effect of financial support on the overall efficiency of enterprise independent innovation. Finally, we put forward countermeasures and suggestions.

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