Research on Innovation Catering Behavior and Its Economic Consequences—An Empirical Analysis Based on Threshold Regression Model

Yue Zhu, Ziyuan Sun, Ling Wang, Xiaoping Wang and Lu Zhang
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Yue Zhu: School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China
Ziyuan Sun: School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China
Ling Wang: School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China
Xiaoping Wang: School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China
Lu Zhang: School of Economics and Management, China University of Mining and Technology, Xuzhou 221116, China

Sustainability, 2020, vol. 12, issue 19, 1-15

Abstract: The purpose of this research is to develop the subjective initiative and enhance the sense of independent innovation in the process of high-tech enterprises, so as to guarantee the sustainable development of innovation ability. Based on the relevant data of high-tech enterprises from 2012 to 2017, a threshold regression model was established to study the existence of innovative “incentive” catering behaviors in the process of identifying high-tech enterprises. First, the empirical test results support the hypothesis of innovative “incentives” catering behavior, identified by high-tech enterprises, with a threshold of 0.0370. The empirical results show that the one-size-fits-all objective identification standard will indeed encourage some companies to adopt catering behaviors. Next, the paper verifies that high-tech companies that do not adopt “incentive” catering behaviors will have higher innovation efficiencies. Moreover, the R&D investment and R&D subsidy of high-tech enterprises without catering behaviors will be higher. Finally, through a stepwise regression test, it was found that R&D investment and R&D subsidies play an intermediary role in the relationship between innovation “incentives” catering behavior and corporate innovation efficiency. High-tech enterprises affect the innovation efficiency of enterprises through the transmission mechanism of R&D investment and R&D subsidies.

Keywords: innovation catering behavior; innovation efficiency; threshold regression model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:19:p:8198-:d:423886

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