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首页> 外文期刊>Administrative Science Quarterly >State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics
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State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics

机译：国家所有制与企业创新：制度逻辑与效率逻辑的综合视角

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摘要

Using two longitudinal panel datasets of Chinese manufacturing firms, we assess whether state ownership benefits or impedes firms' innovation. We show that state ownership in an emerging economy enables a firm to obtain crucial R&D resources but makes the firm less efficient in using those resources to generate innovation, and we find that a minority state ownership is an optimal structure for innovation development in this context. Moreover, the inefficiency of state ownership in transforming R&D input into innovation output decreases when industrial competition is high, as well as for start-up firms. Our findings integrate the efficiency logic (agency theory), which views state ownership as detrimental to innovation, and institutional logic, which notes that governments in emerging economies have critical influences on regulatory policies and control over scarce resources. We discuss the implications of these findings for research on state ownership and firm innovation in emerging economies.
机译：使用两个中国制造企业的纵向面板数据集，我们评估了国有所有权的收益还是阻碍了企业的创新。我们发现，新兴经济体中的国家所有权可以使企业获得关键的R＆D资源，但会降低企业利用这些资源进行创新的效率，并且我们发现在这种情况下，少数股权是创新发展的最佳结构。此外，当产业竞争激烈时，对于国有企业和初创企业而言，将研发投入转化为创新产出的国家所有权效率降低。我们的发现整合了效率逻辑（机构理论）和机构逻辑，效率逻辑将国家所有权视为不利于创新，而体制逻辑则将新兴经济体的政府对监管政策和对稀缺资源的控制产生了重要影响。我们讨论了这些发现对新兴经济体中的国家所有权和公司创新研究的意义。

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