Management Review ›› 2024, Vol. 36 ›› Issue (5): 75-88.

• Innovation and Entrepreneurship Management • Previous Articles    

The Impact of Policy Tools on the Original Innovation Ability of Enterprises -An Empirical Study Based on the Panel Data of Science and Technology Activities of Provincial Industrial Enterprises

Cheng Quan, Jiang Shihui, Wang Haiyan   

  1. School of Economics and Management, Fuzhou University, Fuzhou 350116
  • Received:2021-06-24 Published:2024-06-06

Abstract: Studying the influence of policy tools on the original innovation ability of enterprises is not only the basic premise to enhance the original innovation ability of enterprises, but also an important basis for the government to formulate original innovation policies. Based on the national scientific and technological activity data of large industrial enterprises from 2011 to 2019, this study selects six rel-evant original innovation policy tools, which are divided into supply, demand and environmental types. Then, by improving the Cobb-Douglas production function, this paper makes a regression analysis from two perspectives of policy tool coordination and policy tool com-bination. This study expands the original innovation policy toolbox, and reveals the impact of various policy tools on the original innova-tion capability of enterprises in practice. According to the results of empirical analysis, the relevant departments should further develop and apply demand-oriented and environmental-oriented policy tools, optimize the innovation policy tool system, strengthen the collabora-tive management of enterprise original innovation policy tools, and strengthen supervision to ensure the effectiveness and sustainability of original innovation of the enterprises.

Key words: policy tool, original innovation of enterprises, original innovation ability