The Innovation Input and Innovation Efficiency of Private Enterprises: An Empirical Analysis Based on Micro Innovation Survey Data

Abstract

Abstract: Private enterprises are usually regarded as a conservative form of enterprise organization. However, some private enterprises have become the most innovative enterprises in the world. In this paper, we explore the innovation input and innovation efficiency of Chinese private enterprises in the process of economic transition. Starting from the basic characteristics of private enterprises and using a large-scale micro data set, this paper obtains the following results. Compared with enterprises in other ownership forms, private enterprises invest less in technological innovation. And private enterprises are less efficient in innovation. The market competition and the age of enterprises have no obvious influence on the technological innovation activities of private enterprises, but government subsidies and stronger combination of industry, university and research can not only promote the increase of innovation input of private enterprises, but also promote the improvement of innovation efficiency of private enterprises. The innovation input of state-owned enterprises has positive externality to the innovation of private enterprises. It not only has a crowding effect on the innovation input of private enterprises, but also improves the innovation efficiency of private enterprises through the knowledge spillover effect.

Key words: private enterprises, innovation input, innovation efficiency, positive externality of SOEs

Xie Bin, Xu Zhi, Chen Chaoyue, Wu Huifan. The Innovation Input and Innovation Efficiency of Private Enterprises: An Empirical Analysis Based on Micro Innovation Survey Data[J]. Management Review, 2023, 35(1): 108-120.

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