The DOI matches its Crossref record; 79 of the 79 references it cites were found in a registry or an index.
State Ownership and Firm Innovation in China: An Integrated View of Institutional and Efficiency Logics
Abstract
Using two longitudinal panel datasets of Chinese manufacturing firms, we assess whether state ownership benefits or impedes firms’ innovation. We show that state ownership in an emerging economy enables a firm to obtain crucial R&D resources but makes the firm less efficient in using those resources to generate innovation, and we find that a minority state ownership is an optimal structure for innovation development in this context. Moreover, the inefficiency of state ownership in transforming R&D input into innovation output decreases when industrial competition is high, as well as for start-up firms. Our findings integrate the efficiency logic (agency theory), which views state ownership as detrimental to innovation, and institutional logic, which notes that governments in emerging economies have critical influences on regulatory policies and control over scarce resources. We discuss the implications of these findings for research on state ownership and firm innovation in emerging economies.
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Cites
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Cited by
Li, J., Xia, J., & Zajac, E. J. (2018) · Strategic Management Journal · doi:10.1002/smj.2697 · Cited by 359
Varieties in state capitalism and corporate innovation: Evidence from an emerging economy
Lin, Y., Fu, X., & Fu, X. (2021) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2021.101919 · Cited by 359
Wang, K., & Jiang, W. (2021) · Journal of Cleaner Production · doi:10.1016/j.jclepro.2021.128029 · Cited by 166
A Tale of Two Types of Standard Setting: Evidence From Artificial Intelligence in China
Zhang, J., Li, X., & Tong, T. (2024) · Journal of Management · doi:10.1177/01492063221145130 · Cited by 23
Metadata
- Authors
- Zhou, K. Z., Gao, G. Y., & Zhao, H.
- Venue
- Administrative Science Quarterly
- Publisher
- SAGE Publications
- Published
- 2016-10-10
- Volume
- 62
- Issue
- 2
- Pages
- 375-404
- ISSN
- 0001-8392 (ISSN-L)
- 1930-3815
- OpenAlex
- W2530259327
- Cited by
- 1,205
- References
- 79
- FWCI
- 76.74
- Type
- journal article
- Language
- en
- Open access
- closed
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