scholarly journals Credit Resource Availability and Innovation Output: Evidence from Chinese Industrial Enterprises

2021 ◽  
pp. 1-26
Author(s):  
Yuqiao Liu
Keyword(s):  
Resource Curse ◽  
Inhibitory Effect ◽  
Industrial Upgrading ◽  
Industrial Firms ◽  
Bank Branches ◽  
Industrial Enterprises ◽  
Innovative Capabilities ◽  
Innovation Capacity ◽  
Innovation Output ◽  
Financial Geography

Abstract This paper investigates the effect of credit availability on the number of industrial enterprises' patents from the perspective of financial geography, using the number of bank branches in the vicinity of industrial enterprises in China as a proxy variable. The number of patents is a proxy for the innovation output of an enterprise. The study finds that the higher availability of credit resources, represented by the number of bank branches in the vicinity, inhibits the innovation output of enterprises, and this inhibitory effect is more obvious in state-owned enterprises and large enterprises. Higher availability of credit resources leads industrial firms to fall more easily into the resource curse trap and thus fail to gain more innovative capabilities. This paper also provides a theoretical and data base for China's inability to complete industrial upgrading; it provides new evidence for the phenomenon of insufficient innovation capacity of industrial enterprises under China's rapid economic development in recent years; and it also provides a policy reference for financial supply reform. Keywords: Availability of credit resources, Innovation output, Financial geography.

scholarly journals The impact of FDI on environmental technology innovation from the perspective of environmental regulation

2020 ◽  
Vol 206 ◽  
pp. 02001
Author(s):  
Ziting Wei
Keyword(s):  
Environmental Regulation ◽  
Technology Innovation ◽  
Negative Impact ◽  
Positive Impact ◽  
Inhibitory Effect ◽  
Market Demand ◽  
Environmental Technology ◽  
Industrial Enterprises ◽  
Threshold Regression Model ◽  
The Impact

Based on the perspective of environmental regulation, this paper selects panel data of 30 provinces in China from 2011 to 2016, establishes Hansen panel threshold regression model, and investigates the impact of FDI on environmental technology innovation of industrial enterprises in China under the threshold of environmental regulation. The results show that FDI has a significant inhibitory effect on the environmental technological innovation of industrial enterprises; the effect has a significant dual threshold of environmental regulation, with the intensity of environmental regulation across the threshold, the negative impact of FDI gradually weakened; market demand and industry scale have a significant positive impact, the role of technological progress is not significant. The findings of this paper provide a certain reference for the rational use of environmental regulation policies, the maximization of FDI technology spillover, the promotion of environmental technology innovation of industrial enterprises, and the realization of “win-win” of environment and economy.

The Empirical Research on Industry Informatization

2014 ◽  
Vol 511-512 ◽  
pp. 791-794
Author(s):  
Lei Yang
Keyword(s):  
Empirical Research ◽  
Core Competitiveness ◽  
Industrial Upgrading ◽  
Industrial Enterprises ◽  
Different Types ◽  
The Way

Industry Informatization is the necessary way of industry upgrading. In the Europe and America, under the background of "re-industrialization", how to enhance core competitiveness through the deeply essential amalgamation of industrialization and Informatization is a crucial proposition. By researching the process and the saturation of the informatization in 100 industrial enterprises in Shenyang, this thesis divides the enterprises into ten types, analyses the informatization efficiency features of different types of enterprises, and try to find the way of achieving industrial upgrading by improving the informatization efficiency.

scholarly journals Strategy Orientation, Innovation Capacity Endowment, and International R&D Intensity of Listed Companies in China

2020 ◽  
Vol 12 (1) ◽  
pp. 344 ◽  
Author(s):  
Jianhong He ◽  
Hongmin Chen ◽  
Fu-Sheng Tsai
Keyword(s):  
Positive Impact ◽  
Bootstrap Method ◽  
Inhibitory Effect ◽  
Chinese Enterprises ◽  
Mediation Effects ◽  
Endogenous Factors ◽  
Mediating Role ◽  
Innovation Capacity ◽  
Technology Orientation ◽  
The Relationship

Based on the endogenous factors which can affect the strategy of international R&D of China’s enterprises, an analysis is carried out on the relationship between market- and technology-orientation of the strategy and the intensity of international R&D. In addition, the mediation effects of innovation capacity endowment are discussed. On this basis, 254 listed enterprises with overseas R&D institutions approved by the Ministry of Commerce of China were taken as the sample for survey administration. The poisson regression method was adopted to test the hypotheses. Additionally, we utilized the Bootstrap method to confirm the robustness of the regression models. Results show that for Chinese enterprises with significant international R&D strategy intentions, market orientation has a significant inhibitory effect on their international R&D intensity, while the technology orientation has a significant stimulating effect on international R&D. In addition, innovation capacity has a significant positive impact on the intensity of international R&D, and plays a partial mediating role in the relationship between technology orientation and international R&D. Therefore, to promote international R&D strategies in the era of high-quality economic development, Chinese enterprises are suggested to establish an innovation-oriented strategy orientation to promote innovation cultural heritage, and to strengthen the accumulation of innovative resources and capabilities.

scholarly journals EFFECT OF GOVERNMENT SUBSIDIZATION ON CHINESE INDUSTRIAL FIRMS’ TECHNOLOGICAL INNOVATION EFFICIENCY: A STOCHASTIC FRONTIER ANALYSIS

2016 ◽  
Vol 17 (2) ◽  
pp. 187-200 ◽  
Author(s):  
Qi HUANG ◽  
Marshall S. JIANG ◽  
Jianjun MIAO
Keyword(s):  
Technological Innovation ◽  
Stochastic Frontier Analysis ◽  
Stochastic Frontier ◽  
Small Scale ◽  
Industrial Firms ◽  
Frontier Analysis ◽  
Government Subsidies ◽  
Industrial Enterprises ◽  
Statistical Yearbook ◽  
The Relationship

This study aims to gain a better understanding of how effective government subsidization is in helping foster firms’ innovation. Drawing on the exploration/exploita- tion perspective and based on data collected from Statistical Yearbook on Science and Technology Activities of Industrial Enterprises, we look into the relationship between gov- ernment subsidization and Chinese firms’ innovation efficiency by applying a stochastic frontier analysis. The results show that when government subsidies are provided in small scale, firms’ innovation efficiency decreases; only when government subsidies increase to a certain scale, does firms’ innovation efficiency start to increase. We suggest that govern- ment subsidization would generate better innovation performance should it concentrate on a smaller number of firms at one time. As existing research is still inconclusive regarding the relationship between government subsidization and firms’ technological innovation output, we shed light on the issue by revealing a “U-shaped” relationship between the two.

Unternehmen und Familie. Zur Genese von Familienunternehmen im Industriezeitalter: Sachsen 1850-1940

2008 ◽  
Vol 49 (2) ◽  
Author(s):  
Michael Schäfer
Keyword(s):  
Family Firms ◽  
Banking System ◽  
Early Death ◽  
Family Businesses ◽  
Industrial Firms ◽  
Industrial Enterprises ◽  
Professional Managers ◽  
Business Connections ◽  
Family Based ◽  
The 19Th Century

AbstractHistorians often regard family firms as a phenomenon typical of the early phases of industrialisation. It has been argued that the family was of great importance for early industrial enterprises.The family provided vital resources like capital, business connections, managers, commercial know-how and technical training facilities etc. But with the emergence of a modern banking system, professional managers and technical and commercial schools, the entrepreneurial family gradually lost these functions.The evidence of this case study on Saxony suggests rather different conclusions: (1.) The family’s function for early industrial firms seems to be less vital than often assumed. Since in Saxony up until the end of the 19th century a majority of founders came from family backgrounds outside of the commercial and industrial bourgeoisie, they could not rely on resources transmitted by an established bourgeois family. (2.) In many respects industrial enterprises owned by families were a rather modern phenomenon. The emergence of family firms seems to be connected to the typical challenges of personal enterprises: Inheritance laws and practices made it difficult to pass businesses on to the next generation without impairing the firm′s liquidity. Thus ownership of industrial enterprises was transferred to increasingly wider circles of people related to each other by kinship. (3.) Family firms pursued a meaningful purpose beyond the mere maximisation of profits. Family circumstances could very well lead to serious problems for family businesses: The early death of the owner-entrepreneur could leave the firm with successors not old enough to take over the firm’s management; succeeding sons might not be suited for their assigned task; the growth of the firm could be hampered by the family’s refusal to mobilise outside capital. But challenges were often met by responses suitable to solve problems inherent to family businesses and to compensate for certain handicaps. Moreover, family based firms could count on resources, especially in times of crisis, which could be vital for survival. Thus, it seems that family became rather more important for business between the middle of the 19th and the middle of the 20th century.

scholarly journals The efficiency of major industrial enterprises in Sichuan province of China: A super slacks-based measure analysis

2022 ◽  
Vol 0 (0) ◽  
pp. 0
Author(s):  
Nan Zhu ◽  
Kai He
Keyword(s):  
Raw Materials ◽  
Efficiency Score ◽  
Sichuan Province ◽  
Average Score ◽  
Special Equipment ◽  
Industrial Firms ◽  
Average Efficiency ◽  
Pharmaceutical Firms ◽  
Industrial Enterprises ◽  
Measure Analysis

<p style='text-indent:20px;'>The main objective of this research is to measure the efficiency of 397 major industrial enterprises in Sichuan province of China in 2013.To this end, we employed DEA super slacks-based measure (Super-SBM) model for performance evaluation of 397 major manufacturing firms.The empirical results show that 21 of the 397 enterprises operate efficiently, and the average efficiency score of the analyzed enterprises is only 0.15. The enterprise with the highest efficiency score is 96.15% higher than the average score, which is the benchmark enterprise of operational efficiency. Among the selected sample enterprises, 5.29% of the industrial enterprises are highly efficient in operation. It was also noticed that the average efficiency score of pharmaceutical firms was the highest among all industrial firms with a mean score of 0.75, which is 80% higher than the overall average score of all industries. While the average efficiency of manufacturing of chemical raw materials and chemical products was the lowest with a mean score of 0.39. Results of sensitivity analysis show that profit has a great impact on the efficiency score of special equipment manufacturing firms, but a relatively weak impact on the firms which manufacture computers, communications, and other electronic equipment. The effect of export delivery value on efficiency score is not obvious.</p>

scholarly journals Organizational Capabilities and the Economic History of the Industrial Enterprise

1992 ◽  
Vol 6 (3) ◽  
pp. 79-100 ◽  
Author(s):  
Alfred D Chandler
Keyword(s):  
World War Ii ◽  
World War I ◽  
Economic History ◽  
The United States ◽  
Organizational Capabilities ◽  
World War ◽  
Industrial Firms ◽  
Industrial Enterprises ◽  
Empirical Regularities ◽  
History Of

In my book Scale and Scope (1990), I focused on the history of the modern industrial firm from the 1880s, when such firms first appeared, through World War II. I did so by comparing the fortunes of more than 600 enterprises—the 200 largest industrial firms at three points in time (World War I, 1929, and World War II) in each of the three major industrial economies (those of the United States, Britain, and Germany). In this paper, I first describe the similarities in the historical beginnings and continuing evolution of these enterprises and then outline my explanation for these similarities. Next, I relate my explanation of these “empirical regularities” to four major economic theories relating to the firm: the neoclassical, the principal-agent, the transaction cost, and the evolutionary. Finally, I suggest the value of the transactions cost and evolutionary theories to historians and economists who are attempting to explain the beginnings and growth of modern industrial enterprises.

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