scholarly journals The Impact of Environmental Uncertainty on Corporate Innovation: Empirical Evidence from an Emerging Economy

2021 ◽  
Vol 19 (1) ◽  
pp. 334
Author(s):  
Jinyong Chen ◽  
Weijia Shu ◽  
Xiaochi Wang ◽  
Muhammad Safdar Sial ◽  
Mariana Sehleanu ◽  
...  
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Agency Problem ◽  
Environmental Uncertainty ◽  
Agency Problems ◽  
Information Transparency ◽  
Government Subsidies ◽  
Input And Output ◽  
Corporate Innovation ◽  
Negative Effect

The paper analyzes the effect of environmental uncertainty on corporate technological innovation from the perspective of an innovation value chain under the institutional background of China. This paper not only discusses the intermediary effect of agency problems on environmental uncertainty and corporate technological innovation but also deeply explores the influence of information transparency, government subsidies, and other mechanisms to alleviate agency problems on environmental uncertainty and corporate technological innovation. We use the data of listed companies in China from 2008 to 2019 as the research sample, and the results show that, in general, environmental uncertainty has a negative effect on both input and output of technological innovation, and the negative effect can last for two years. Further research shows that the agency problem has an intermediary effect on the environmental uncertainty and corporate technology innovation, and the environmental uncertainty aggravates the agency problem, which hinders the input and output of corporate technology innovation. As an important mechanism to alleviate the agency problems, information transparency and government subsidies can effectively alleviate the agency conflict, thus reducing the inhibition of environmental uncertainty on the input and output of technological innovation. Our findings contribute to the discussion of driving factors for technological innovation in the context of China’s system. Our results provide useful insights into the link between environmental uncertainty and corporate innovation for economic academics and practitioners alike.

scholarly journals Impact of Chinese Government Subsidies on Enterprise Innovation: Based on a Three-Dimensional Perspective

2021 ◽  
Vol 13 (3) ◽  
pp. 1288
Author(s):  
Lili Jia ◽  
Eunyoung Nam ◽  
Dongphil Chun
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Institutional Environment ◽  
Market Competition ◽  
Academic Community ◽  
Least Square ◽  
Chinese Government ◽  
Government Subsidies ◽  
The Government ◽  
The Impact

Government subsidies are an important means to guide enterprises’ investment in technological innovation. While countries are increasing government subsidies to enterprises, how to effectively leverage government subsidies is a concern of the academic community. At present, scholars’ research conclusions on the impact of government subsidies on enterprise technological innovation include promotion effect, extrusion effect, and mixing effect. Relevant research is often conducted from a single perspective. This paper studies the relationship between government subsidies and enterprise technological innovation, and integrates the macro-institutional environment, meso-market structure, and micro-corporate governance into the same framework. Taking information transmission, software, and information technology service companies as samples, it analyzes the influencing factors of the Chinese government research and development (R&D) subsidies on enterprises’ innovation investment. This paper uses Stata16 software to perform the least square analysis. The research shows that the Chinese government R&D subsidies have a significant incentive effect on corporate technology innovation investment. The higher the marketization process, the more dispersed its equity, and the government subsidy promotes corporate technology innovation investment. The more significant it is; for industries with different product market competition, government subsidies have no significant impact on enterprises’ investment in technological innovation. Based on empirical research conclusions, this study puts forward policy recommendations to increase the intensity of government subsidies and optimize the structure of corporate equity to increase the leverage effect of government subsidies.

AGENCY PROBLEM DALAM PENERAPAN PEMBIAYAAN AKAD MUDHARABAH PADA PERBANKAN SYARIAH

ALQALAM ◽  
2016 ◽  
Vol 33 (1) ◽  
pp. 46
Author(s):  
Aswadi Lubis
Keyword(s):  
High Risk ◽  
Asymmetric Information ◽  
Human Resources ◽  
Moral Hazard ◽  
Adverse Selection ◽  
Agency Problem ◽  
Agency Problems ◽  
Islamic Banking ◽  
The Public

The purpose of writing this article is to describe the agency problems that arise in the application of the financing with mudharabah on Islamic banking. In this article the author describes the use of the theory of financing, asymetri information, agency problems inside of financing. The conclusion of this article is that the financing is asymmetric information problems will arise, both adverse selection and moral hazard. The high risk of prospective managers (mudharib) for their moral hazard and lack of readiness of human resources in Islamic banking is among the factors that make the composition of the distribution of funds to the public more in the form of financing. The limitations that can be done to optimize this financing is among other things; owners of capital supervision (monitoring) and the customers themselves place restrictions on its actions (bonding).

Supporting Small and Medium Enterpries to Access Technological Innovation State Fund: International Experience and Lessons for Vietnam

2018 ◽  
Vol 34 (1) ◽  
Author(s):  
Huong Vu Thanh ◽  
Thu Anh Nguyen ◽  
Mai Thi Thanh Nguyen
Keyword(s):  
Developing Countries ◽  
Technological Innovation ◽  
Financial Support ◽  
Technology Innovation ◽  
Small And Medium Enterprises ◽  
International Experience ◽  
Advanced Technologies ◽  
Medium Enterprises ◽  
Developed Nations ◽  
State Fund

Technological innovation state funds supporting small and medium enterprises (SMEs) are not common in the developing countries like Vietnam, but are common in the developed nations like the European countries and Korea. The financial and non-financial support of these funds has contributed significantly to the development of many SMEs. Learning from the funds which have successfully facilitated SMEs in innovating and developing advanced technologies is meaningful to the Vietnamese sicence and techonology management bodies and state funds. This article will review the experience of some typical fund in supporting SMEs, thereby providing some lessons for technology innovation Funds of Vietnam to create a more favorable environment for SMEs to access funds.

scholarly journals Does the Low-Carbon City Pilot Policy Promote Green Technology Innovation? Based on Green Patent Data of Chinese A-Share Listed Companies

2021 ◽  
Vol 18 (7) ◽  
pp. 3695
Author(s):  
Jintao Ma ◽  
Qiuguang Hu ◽  
Weiteng Shen ◽  
Xinyi Wei
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Objective Assessment ◽  
Green Technology ◽  
Low Carbon ◽  
Corporate Financing ◽  
Multiple Dimensions ◽  
Low Carbon City ◽  
The Impact ◽  
A Share

To cope with climate change and achieve sustainable development, low-carbon city pilot policies have been implemented. An objective assessment of the performance of these policies facilitates not only the implementation of relevant work in pilot areas, but also the further promotion of these policies. This study uses A-share listed enterprises from 2005 to 2019 and creates a multi-period difference-in-differences model to explore the impact of low-carbon city pilot policies on corporate green technology innovation from multiple dimensions. Results show that (1) low-carbon city pilot policies stimulates the green technological innovation of enterprises as manifested in their application of green invention patents; (2) the introduction of pilot policies is highly conducive to green technological innovation in eastern cities and enterprises in high-carbon emission industries; and (3) tax incentives and government subsidies are important fiscal and taxation tools that play the role of pilot policies in low-carbon cities. By alleviating corporate financing constraints, these policies effectively promote the green technological innovation of enterprises. This study expands the research on the performance of low-carbon city pilot policies and provides data support for a follow-up implementation and promotion of policies from the micro perspective at the enterprise level.

"OF + N" Theoretical Method and Practice to Create Inventive and Innovative Topics

2011 ◽  
Vol 464 ◽  
pp. 730-735
Author(s):  
Yan Nian Rui ◽  
Xiao Mei Jiang ◽  
Kai Qiang Liu
Keyword(s):  
Product Development ◽  
Research Design ◽  
Technological Innovation ◽  
Technology Innovation ◽  
Theoretical Method ◽  
Innovative Design ◽  
Short Method

How to master the technology innovation and method and technique in product exploitation, has been always one of the issues of research and discussion. Based on more than 40 years’ experiences of engagement in mechanical and electrical technology on product research, design, teaching, the author proposed and constructed "OF + N" theoretical method (for short: method of creating inventive and innovative topics) suitable for technological innovation and product development. Some innovative design was implemented using the theoretical method through years of research and probe.

scholarly journals Be Green to Be Innovative: The Role of Government Subsidies

2021 ◽  
Vol 9 ◽  
Author(s):  
Yingbo Xu ◽  
Wei Liu ◽  
Ruihui Pu ◽  
Yonghui Xu
Keyword(s):  
Environmental Protection ◽  
Industrial Firms ◽  
Role Of Government ◽  
Market Strategy ◽  
Institutional Legitimacy ◽  
Government Subsidies ◽  
Environmental Investment ◽  
Innovation Activities ◽  
Corporate Innovation

Corporate environmental investment has long been recognized as a non-market strategy that helps secure both economic and social benefits. However, we know much less about how environmental investment affects corporate innovation. We argue that investment in environmental protection is an important source of institutional legitimacy for firms to secure government resources, thus providing financial support for corporate innovation activities. Using a sample of Chinese industrial firms, we find that firms investing more in environmental protection can receive more government subsidies and then have better innovation performance. This study emphasizes the mechanism of government resources, which enriches our understanding of the effect of environmental investment on corporate innovation.

scholarly journals Research on Resource Integration Mechanism of Science and Technology Innovation Service Platform

2021 ◽  
Vol 235 ◽  
pp. 02063
Author(s):  
Yue Li ◽  
Yongxing Xu ◽  
Xiangying Ma ◽  
Chuan Wu
Keyword(s):  
Technological Innovation ◽  
Technology Innovation ◽  
Utilization Efficiency ◽  
Resource Integration ◽  
Timely Manner ◽  
Service Platform ◽  
Healthy Development ◽  
Integration Mechanism ◽  
Changing Trend ◽  
Technological Integration

The resource integration of the scientific and technological innovation service platform is to accurately grasp the changing trend of users’ innovation needs through big data, tap potential innovation needs, provide effective innovation services in a timely manner, and improve the utilization efficiency of innovation resources. Through the analysis of resources and the research of reorganization, it is possible to further clarify the integration mechanism of scientific and technological innovation service resources and realize the rapid and healthy development of service resources with technological integration.

Research on the Operation Efficiency of Science and Technology Innovation Incubator Under Different Leading Modes

2020 ◽  
pp. 23-49
Author(s):  
Meng Zhang ◽  
Liyao Pan ◽  
Xiaomin Du
Keyword(s):  
Technological Innovation ◽  
Research Method ◽  
Technology Innovation ◽  
Eastern China ◽  
Chinese Economy ◽  
Western China ◽  
Operating Efficiency ◽  
Industrial Upgrading ◽  
Chinese Context ◽  
Economic Zones

The incubator of scientific and technological innovation plays an important role in leading scientific and technological innovation, accelerating the transformation of scientific and technological achievements, and promoting industrial upgrading and transformation. The Chinese economy is in the transition stage, so the research on the operating efficiency of the incubator of scientific and technological innovation based on the Chinese context has its unique value. In this study, combined with Chinese context, the business incubator is divided into two main modes: government and private. By using DEA research method, this chapter analyzes a series of problems, such as the overall difference and difference grade of the operating efficiency of incubators among the four major economic zones of China, the comparison of the operating efficiency of different modes between Northeast and Western regions, and the gap between private-led incubators in eastern China and private-led incubators in Northeast and Western China.

scholarly journals Innovation or Introduction? The Impact of Technological Progress Sources on Industrial Green Transformation of Resource-Based Cities in China

2020 ◽  
Vol 8 ◽  
Author(s):  
Wancheng Xie ◽  
Taihua Yan ◽  
Senmao Xia ◽  
Fengzhang Chen
Keyword(s):  
Technological Innovation ◽  
Industrial Development ◽  
Generalized Method Of Moments ◽  
Estimation Method ◽  
Investment Strategy ◽  
Interactive Effects ◽  
Innovation And Technology ◽  
Technology Introduction ◽  
Negative Effect ◽  
The Impact

With the increasingly prominent problems of global resource consumption and environmental pollution, industrial green transformation has become one of the requirements of China’s industrial development in the new era. However, there is a lack of research on the impact of technological innovation and technology introduction on the industrial green transformation of resource-based cities. To bridge this gap, this study uses the panel data of 115 resource-based cities in China from 2003 to 2016, and uses the dynamic panel generalized method of moments (GMM) estimation method to study the impact of technological innovation and technology introduction on industrial green transformation of resource-based cities. The results show that technology introduction has a negative effect on the industrial green transformation of resource-based cities, while technological innovation can have a positive effect. Meanwhile, technology introduction has imparted a greater role to technological innovation in promoting this transformation. In addition, the interactive effects between technological innovation and technology introduction have obvious heterogeneity on the industrial green transformation of different types of resource-based cities. Therefore, resource-based cities should continue to increase investment in scientific research, to constantly improve and consolidate their technological innovation ability, optimize foreign investment strategy in technology introduction, and strengthen the digestion and absorption of imported technology, while increasing technological innovation and personnel training.

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