Understanding the Influencing Factors of Enterprise Transformation and Upgrading Capability: A Case Study of the National Innovation Demonstration Zones, China

Zongguo Ma, Xueai Fan, Yanli Zhang and Beibei Hu ()
Additional contact information
Zongguo Ma: School of Business, Shandong Normal University, Jinan 250358, China
Xueai Fan: School of Business, Shandong Normal University, Jinan 250358, China
Yanli Zhang: School of Business, Shandong Normal University, Jinan 250358, China
Beibei Hu: School of Business, Shandong Normal University, Jinan 250358, China

Sustainability, 2023, vol. 15, issue 3, 1-25

Abstract: Being at the forefront of China’s regional innovation and development, enterprises in the National Innovation Demonstration Zones must take the lead in completing high-quality transformation and upgrading. In this study, we use data from 1770 manufacturing companies from China’s 21 National Innovation Demonstration Zones. Based on the multi-factor influence model, we quantitatively study a series of factors that affect enterprise transformation and upgrading capability in terms of innovation-driven input, economically beneficial output, regional high-quality development, and the enterprise’s basic environment. The research results show a good trend in enterprise transformation and upgrading capability, and 45% of the enterprises have higher capabilities than the average of these zones. There are significant differences in these capabilities across the different National Innovation Demonstration Zones. Economically beneficial output has a relatively large impact on enterprise transformation and upgrading capability, while innovation-driven input, regional high-quality development, and the enterprise’s basic environment all have a relatively small impact. We suggest that the National Innovation Demonstration Zones and relevant departments should provide policy guarantees for enterprise transformation and upgrading in terms of regional systems, industrial chain layout, and soft environment optimization, so as to fully enable policy benefits from top-level design.

Keywords: transformation; upgrading capability; influencing factors; National Innovation Demonstration Zone (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/2071-1050/15/3/2711/pdf (application/pdf)
https://www.mdpi.com/2071-1050/15/3/2711/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:15:y:2023:i:3:p:2711-:d:1055544

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().