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A perspective of government investment and enterprise innovation: Marketization of business environment

Author

Listed:
  • Zhang, Jiaqing
  • Chen, Xiaohui
  • Zhao, Xindong

Abstract

Entrepreneurship has become an essential for countries to promote the marketization of the business environment and accelerate economic growth in the post-epidemic era. Based on the investigation of 31 provincial-level panel data in China, this paper concludes that entrepreneurship plays a significant role in promoting the marketization of the business environment. Further research found that the level of government research and development (R&D) funding and regional innovation capabilities are intermediary variables that affect the marketization of the business environment and have a threshold effect. When the government R&D funding crosses the second threshold, every 1% increase in regional innovation capabilities decreases the degree of marketization by 0.197%. Therefore, it is crucial to rapidly streamline the administration process and delegation of power, optimize the government’s administrative efficiency, and give full play to the entrepreneurial spirit to promote the economy’s sustainable development.

Suggested Citation

  • Zhang, Jiaqing & Chen, Xiaohui & Zhao, Xindong, 2023. "A perspective of government investment and enterprise innovation: Marketization of business environment," Journal of Business Research, Elsevier, vol. 164(C).
    • Handle: RePEc:eee:jbrese:v:164:y:2023:i:c:s0148296323002837
    DOI: 10.1016/j.jbusres.2023.113925
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