The impact of SRDI policy for SMEs on corporate innovation under the COVID-19: evidence from China

Jiawei Liu, Hang Lu and Yuyang Qiao

Applied Economics Letters, 2024, vol. 31, issue 21, 2356-2362

Abstract: This study focuses on small and medium-sized enterprises (SMEs) in China, and examines whether and how the SRDI (Specialized, Refinement, Differential and Innovation) policy support impacts SMEs’ innovation under the COVID-19. We find that the R&D investment and innovation outputs in SMEs supported by the SRDI policy gets significantly increased, which results from the increase in government subsidies and the implementation of digital transformation. Furthermore, the positive impact of the policy on SMEs’ innovation is more significant after the outbreak of the COVID-19. It shows that resource support from government and digital transformation can help reduce the external adverse impact of the COVID-19 on SMEs’ innovation and enhance the risk-taking and sustainable development capabilities of SMEs when the Black Swan incident occurs.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/13504851.2024.2386148 (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:taf:apeclt:v:31:y:2024:i:21:p:2356-2362

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEL20

DOI: 10.1080/13504851.2024.2386148

Access Statistics for this article

Applied Economics Letters is currently edited by Anita Phillips

More articles in Applied Economics Letters from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().