The mechanism of politically-connected managers on technological innovation for small and medium high-tech enterprises - empirical evidence from listed firms in Chinese SMEs stock market

Zhenyi Wang, Jinjian Yang, Huqin He and Li Su

International Journal of Service and Computing Oriented Manufacturing, 2013, vol. 1, issue 2, 178-195

Abstract: It is a widespread phenomenon of enterprises in many countries to seek and establish certain contact with the government. This study selects high-tech enterprises listed in the small board as samples, 2007-2010 as inspection interval, using structural equation modelling to explore the mechanism of political connections on technological innovation for small and medium high-tech enterprises. The results show that politically-connected managers can play a positive role on technological innovation for small and medium high-tech enterprises. External financing and entry barriers play indirect role of conduction of political connections on technological innovation, that is to say, political connections affect technological innovations of enterprises via external financing and entry barriers indirectly. Government subsidies play no indirect conduction of political connections on technological innovation of enterprises.

Keywords: political connections; technological innovation; external financing; entry barriers; market entry; small and medium-sized enterprises; high-tech firms; high technology; China; SMEs; stock markets; structural equation modelling; SEM; government subsidies. (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=58680 (text/html)
Access to full text is restricted to subscribers.

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:ids:ijscom:v:1:y:2013:i:2:p:178-195

Access Statistics for this article

More articles in International Journal of Service and Computing Oriented Manufacturing from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().