Role of Institutional Quality in Determining the R&D Investment of Chinese Firms

作     者：Yixiao Zhou 

作者机构：Crawford School of Public Policythe Australian National University 

出 版 物：《China & World Economy》 (中国与世界经济（英文版）)

年 卷 期：2014年第22卷第4期

页      面：60-82页

核心收录：

学科分类：120202[管理学-企业管理（含：财务管理、市场营销、人力资源管理）] 12[管理学] 1202[管理学-工商管理] 

基　　金：financial support from the Rio Tinto-ANU China Partnership for my graduate work at the Australian National University is gratefully acknowledged 

主　　题：Key words: innovation institutional quality R&D investment the Chinese economy 

摘      要：This study adds to the understanding of China ＂s innovation prospects by examining how variations in institutional quality within China impact on the R ＆D efforts of firms located in different provincial regions. In the process of identifying the effect of institutional quality, the roles of other factors such as ownership types and market structures are revealed, which provides interesting insight into firms ＂ R＆D behavior. The key findings suggest that institutional quality positively affects the decision offirms to engage in R＆D activities. Once firms start to engage in R ＆D, the subsequent expansion of firm-level R ＆D intensity depends on factors such as market structure. Therefore, strengthening domestic institutional quality is the first critical step towards the goal of building a knowledge-intensive economy in China. Efforts to nurture market development are also important for achieving this goal.