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Key Driving Factors for Technological Innovation in Equipment Manufacturing Enterprises

Xia Pan, Ruixing Huo (), Panthong Pornthip and Adil Khan
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Xia Pan: Harbin Engineering University, School of Economics and Management
Ruixing Huo: Harbin Engineering University, School of Economics and Management
Panthong Pornthip: Harbin Engineering University, School of Economics and Management
Adil Khan: Harbin Engineering University, School of Economics and Management

A chapter in Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), 2024, pp 542-547 from Springer

Abstract: Abstract The equipment manufacturing industry in Heilongjiang faces innovation and capability challenges, limiting its high-quality growth. Using MOA theory and a ridge regression model, this study examines technological innovation drivers among listed companies in the province. Key drivers include R&D investment, human capital, enterprise scale, profit target, R&D personnel, government subsidies, and market competition. These factors jointly propel innovation and industry development.

Keywords: Equipment Manufacturing Enterprises; Technological Innovation; Driving Factors (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-488-4_61

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