IDEAS home Printed from https://ideas.repec.org/a/eee/techno/v127y2023ics0166497223001384.html
   My bibliography  Save this article

Symbolic or substantial? Different responses of state-owned and privately owned firms to government innovation policies

Author

Listed:
  • Gong, Tianyu
  • Wang, Xiaolei
  • Zhang, Li
  • Gao, Xuehao
  • Xie, En

Abstract

What influences a firm's response to government innovation policies? This study draws upon the institutional logic perspective to propose that China's state-owned enterprises, guided by state logic, are more likely to make a substantial response to such policies—a response that takes the form of the increased volume of invention patent applications, a steady grant rate, and market-related expenses. In contrast, private firms, guided by market logic, are more likely to make a symbolic response in terms of the increased volume of invention patent applications, a reduced grant rate, and increased market-related expenses and revenues. Results from our study, which uses a quasi-experimental approach based on an exogenous government innovation policy and data on publicly listed Chinese companies, support our arguments. These findings deepen the scholars' understanding of the effects of policy on state-owned and private firms.

Suggested Citation

  • Gong, Tianyu & Wang, Xiaolei & Zhang, Li & Gao, Xuehao & Xie, En, 2023. "Symbolic or substantial? Different responses of state-owned and privately owned firms to government innovation policies," Technovation, Elsevier, vol. 127(C).
    • Handle: RePEc:eee:techno:v:127:y:2023:i:c:s0166497223001384
    DOI: 10.1016/j.technovation.2023.102827
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0166497223001384
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.technovation.2023.102827?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:techno:v:127:y:2023:i:c:s0166497223001384. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.sciencedirect.com/science/journal/01664972 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.