Impact of ownership types on R&D intensity and innovation performance—evidence from transitional China

Da Teng () and Jingtao Yi ()
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Da Teng: Coventry Business School, Coventry University
Jingtao Yi: School of Business, Renmin University of China

Frontiers of Business Research in China, 2017, vol. 11, issue 1, 1-25

Abstract: Abstract This paper examines the effects of ownership types on firms’ R&D intensity and innovation performance, using a sample of 357,857 Chinese firms from 2005 to 2007. This study finds considerable divergence among Chinese domestic enterprises in terms of R&D intensity and innovation performance. We find that firms owned by the central government are the key drivers for firms’ R&D activities, while local government, private and foreign ownerships are negatively related to both R&D intensity and innovation performance. This paper finds significant divergence within government ownership category and argues that China’s institutional changes generate varied government ownership groups with different levels of resource endowment, which in turn influence firms’ R&D activities.

Keywords: Ownership; R&D intensity; Innovation performance; Institutional changes; China (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (8)

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DOI: 10.1186/s11782-017-0005-7

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