IDEAS home Printed from https://ideas.repec.org/a/sae/sagope/v13y2023i2p21582440231172902.html
   My bibliography  Save this article

For Future Investment, Empirical Study on Enterprise Participation in Basic Research in the Process of Digital Transformation

Author

Listed:
  • Fengjun Xiao
  • Jiaxin Wang
  • Jie Li
  • Hongwu Wang
  • Weihua Zhu
  • Hekun Chen

Abstract

Basic research is the driver of advanced productivity and is an important guarantee for the market competitiveness of enterprise. In order to understand the influence of basic research on the development of China’s digital economy industry, this paper, based on structural equation model by collecting data from 209 enterprises in digital economy industry, explores the relationship between enterprise participation in basic research and four factors: enterprise efficiency, perceived risk, priority, and technological innovation, together with function mechanism. The results show that, first enterprises can improve efficiency, reduce potential risk concerns, and enhance technology level by expanding business revenue, enlarging scale, and upgrading R&D institutions, thus promoting participation in basic research. At the same time, the government can provide more subsidies for enterprise R&D funds to reduce enterprise concern about the risk of basic research, and guide them to expand their investment in R&D and focus on basic research so as to expand their participation in this field. Secondly, the optimization of enterprise participation in basic research, the upgrading of R&D institutions and the number of invention patents have mutually-reinforced effect, while the expansion of enterprise scale help to reduce the constraint of return risk to a certain extent. Finally, this paper proposes some policies and suggestions to enhance enterprise participation in basic research from the perspective of promoting industrial development and social equity.

Suggested Citation

  • Fengjun Xiao & Jiaxin Wang & Jie Li & Hongwu Wang & Weihua Zhu & Hekun Chen, 2023. "For Future Investment, Empirical Study on Enterprise Participation in Basic Research in the Process of Digital Transformation," SAGE Open, , vol. 13(2), pages 21582440231, May.
  • Handle: RePEc:sae:sagope:v:13:y:2023:i:2:p:21582440231172902
    DOI: 10.1177/21582440231172902
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/21582440231172902
    Download Restriction: no

    File URL: https://libkey.io/10.1177/21582440231172902?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
    ---><---

    References listed on IDEAS

    as
    1. Ashish Arora & Sharon Belenzon & Andrea Patacconi & Jungkyu Suh, 2020. "The Changing Structure of American Innovation: Some Cautionary Remarks for Economic Growth," Innovation Policy and the Economy, University of Chicago Press, vol. 20(1), pages 39-93.
    2. Prettner, Klaus & Werner, Katharina, 2016. "Why it pays off to pay us well: The impact of basic research on economic growth and welfare," Research Policy, Elsevier, vol. 45(5), pages 1075-1090.
    3. Alex Coad & Agustí Segarra-Blasco & Mercedes Teruel, 2021. "A bit of basic, a bit of applied? R&D strategies and firm performance," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1758-1783, December.
    4. Qiong Yao & Liwen Huang & Mingli Li, 2019. "The effects of tech and non-tech innovation on brand equity in China: The role of institutional environments," PLOS ONE, Public Library of Science, vol. 14(5), pages 1-24, May.
    5. Czarnitzki, Dirk & Thorwarth, Susanne, 2012. "Productivity effects of basic research in low-tech and high-tech industries," Research Policy, Elsevier, vol. 41(9), pages 1555-1564.
    6. Gary P. Pisano, 2010. "The evolution of science-based business: innovating how we innovate," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(2), pages 465-482, April.
    7. Lim, Kwanghui, 2004. "The relationship between research and innovation in the semiconductor and pharmaceutical industries (1981-1997)," Research Policy, Elsevier, vol. 33(2), pages 287-321, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alex Coad & Agustí Segarra-Blasco & Mercedes Teruel, 2021. "A bit of basic, a bit of applied? R&D strategies and firm performance," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1758-1783, December.
    2. Choi, Jin-Uk & Lee, Chang-Yang, 2022. "The differential effects of basic research on firm R&D productivity: The conditioning role of technological diversification," Technovation, Elsevier, vol. 118(C).
    3. Añón Higón, Dolores, 2016. "In-house versus external basic research and first-to-market innovations," Research Policy, Elsevier, vol. 45(4), pages 816-829.
    4. Wang, Fang, 2024. "Does the recombination of distant scientific knowledge generate valuable inventions? An analysis of pharmaceutical patents," Technovation, Elsevier, vol. 130(C).
    5. Parui, Pintu & Prettner, Klaus, 2024. "Public provision of healthcare and basic science: What are the effects on economic growth and welfare?," Department of Economics Working Paper Series 365, WU Vienna University of Economics and Business.
    6. Cao, Qinwei & Li, Yi & Peng, Huatao, 2023. "From university basic research to firm innovation: diffusion mechanism and boundary conditions under a U-shaped relationship," Technovation, Elsevier, vol. 123(C).
    7. Bingyue Wan & Lixin Tian & Wenbin Zhang & Guangyong Zhang, 2023. "Environmental effects of behavior growth under green development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 10821-10855, October.
    8. Linde Colen & René Belderbos & Stijn Kelchtermans & Bart Leten, 2024. "Many are called, few are chosen: the role of science in drug development decisions," The Journal of Technology Transfer, Springer, vol. 49(2), pages 492-517, April.
    9. Dolores Añón Higón, 2016. "In-house versus External Basic Research and First-to-market Innovations," Working Papers 1601, Department of Applied Economics II, Universidad de Valencia.
    10. Gersbach, Hans & Schetter, Ulrich & Schmassmann, Samuel, 2023. "From local to global: A theory of public basic research in a globalized world," European Economic Review, Elsevier, vol. 160(C).
    11. Bastian Krieger & Maikel Pellens & Knut Blind & Sonia Gruber & Torben Schubert, 2021. "Are firms withdrawing from basic research? An analysis of firm-level publication behaviour in Germany," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(12), pages 9677-9698, December.
    12. Huynh Evertsen, Phuc & Rasmussen, Einar & Nenadic, Oleg, 2022. "Commercializing circular economy innovations: A taxonomy of academic spin-offs," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
    13. Anckaert, Paul-Emmanuel & Cassiman, David & Cassiman, Bruno, 2020. "Fostering practice-oriented and use-inspired science in biomedical research," Research Policy, Elsevier, vol. 49(2).
    14. Qinwei Cao, 2020. "Contradiction between input and output of Chinese scientific research: a multidimensional analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(1), pages 451-485, April.
    15. Parui, Pintu, 2023. "Health, basic research, human capital accumulation, and R&D-based economic growth," MPRA Paper 118769, University Library of Munich, Germany.
    16. Soh, Pek-Hooi & Subramanian, Annapoornima M., 2014. "When do firms benefit from university–industry R&D collaborations? The implications of firm R&D focus on scientific research and technological recombination," Journal of Business Venturing, Elsevier, vol. 29(6), pages 807-821.
    17. Yu, Nannan & Dong, Yueyan & de Jong, Martin, 2022. "A helping hand from the government? How public research funding affects academic output in less-prestigious universities in China," Research Policy, Elsevier, vol. 51(10).
    18. Sheer, Lia, 2022. "Sitting on the Fence: Integrating the two worlds of scientific discovery and invention within the firm," Research Policy, Elsevier, vol. 51(7).
    19. Chen, Zhuo & Yang, Zhenbing & Yang, Lili, 2020. "How to optimize the allocation of research resources? An empirical study based on output and substitution elasticities of universities in Chinese provincial level," Socio-Economic Planning Sciences, Elsevier, vol. 69(C).
    20. Plantec, Quentin & Cabanes, Benjamin & le Masson, Pascal & Weil, Benoit, 2023. "Early-career academic engagement in university–industry collaborative PhDs: Research orientation and project performance," Research Policy, Elsevier, vol. 52(9).

    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:sae:sagope:v:13:y:2023:i:2:p:21582440231172902. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: SAGE Publications (email available below). General contact details of provider: .

    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.