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Government intervention, internal control, and technology innovation of SMEs in China
Under the innovation-driven development strategy, the improvement of the core competitiveness of enterprises demonstrates increasing dependence on the ability of technological innovation. In this article, data of A-share listed companies in Shanghai and Shenzhen stock markets from 2008 to 2018 were...
Autores principales: | , , , |
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Frontiers Media S.A.
2022
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Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9376597/ https://www.ncbi.nlm.nih.gov/pubmed/35978797 http://dx.doi.org/10.3389/fpsyg.2022.960025 |
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author | Ye, Sun Yi, Sun Fangjing, Shao Yuzhu, Qi |
author_facet | Ye, Sun Yi, Sun Fangjing, Shao Yuzhu, Qi |
author_sort | Ye, Sun |
collection | PubMed |
description | Under the innovation-driven development strategy, the improvement of the core competitiveness of enterprises demonstrates increasing dependence on the ability of technological innovation. In this article, data of A-share listed companies in Shanghai and Shenzhen stock markets from 2008 to 2018 were selected as research samples for the analysis of the influencing factors and mechanism of enterprise technological innovation from the dual perspectives of the external economic environment and internal management system based on the use of the fixed-effect model. The results show that government intervention significantly hinders enterprises' investment in resources for technological innovation, and less government intervention can improve the innovation investment of enterprises. The intervention of internal control fails to bring institutional advantages; rather, it aggravates the negative effect of government intervention on enterprise technological innovation. The research enriches the existing academic research results on government intervention, internal control quality, and enterprise technological innovation. The findings provide experience for accelerating the marketization process in China, enterprise governance, and improving the level of enterprise technological innovation. |
format | Online Article Text |
id | pubmed-9376597 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2022 |
publisher | Frontiers Media S.A. |
record_format | MEDLINE/PubMed |
spelling | pubmed-93765972022-08-16 Government intervention, internal control, and technology innovation of SMEs in China Ye, Sun Yi, Sun Fangjing, Shao Yuzhu, Qi Front Psychol Psychology Under the innovation-driven development strategy, the improvement of the core competitiveness of enterprises demonstrates increasing dependence on the ability of technological innovation. In this article, data of A-share listed companies in Shanghai and Shenzhen stock markets from 2008 to 2018 were selected as research samples for the analysis of the influencing factors and mechanism of enterprise technological innovation from the dual perspectives of the external economic environment and internal management system based on the use of the fixed-effect model. The results show that government intervention significantly hinders enterprises' investment in resources for technological innovation, and less government intervention can improve the innovation investment of enterprises. The intervention of internal control fails to bring institutional advantages; rather, it aggravates the negative effect of government intervention on enterprise technological innovation. The research enriches the existing academic research results on government intervention, internal control quality, and enterprise technological innovation. The findings provide experience for accelerating the marketization process in China, enterprise governance, and improving the level of enterprise technological innovation. Frontiers Media S.A. 2022-08-01 /pmc/articles/PMC9376597/ /pubmed/35978797 http://dx.doi.org/10.3389/fpsyg.2022.960025 Text en Copyright © 2022 Ye, Yi, Fangjing and Yuzhu. https://creativecommons.org/licenses/by/4.0/This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms. |
spellingShingle | Psychology Ye, Sun Yi, Sun Fangjing, Shao Yuzhu, Qi Government intervention, internal control, and technology innovation of SMEs in China |
title | Government intervention, internal control, and technology innovation of SMEs in China |
title_full | Government intervention, internal control, and technology innovation of SMEs in China |
title_fullStr | Government intervention, internal control, and technology innovation of SMEs in China |
title_full_unstemmed | Government intervention, internal control, and technology innovation of SMEs in China |
title_short | Government intervention, internal control, and technology innovation of SMEs in China |
title_sort | government intervention, internal control, and technology innovation of smes in china |
topic | Psychology |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9376597/ https://www.ncbi.nlm.nih.gov/pubmed/35978797 http://dx.doi.org/10.3389/fpsyg.2022.960025 |
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