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The effect of government intervention on the resource misallocation in innovation: ownership differences

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  • Zhiwen Zhang
  • Zilong Wang
  • Shan Liang

Abstract

In the present study, the misallocation of resources in innovation in the China’s high-tech industry sector was analysed. A model was constructed to measure the misallocation of resources at the level of the department. Based on the model, there is an estimated misallocation of total resources, capital, and labour, respectively. The empirical findings show that there is a misallocation of innovation resources in the high-tech industry sector, with a general trend of fluctuation from 45.73% in 2009 to 7.85% in 2016. The misallocation of resources caused by labour is greater than capital. Government intervention has a significant negative impact on the misallocation of resources in innovation. An increase in the share of SOEs in an industry will deepen the misallocation.

Suggested Citation

  • Zhiwen Zhang & Zilong Wang & Shan Liang, 2023. "The effect of government intervention on the resource misallocation in innovation: ownership differences," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 30(1), pages 230-246, January.
    • Handle: RePEc:taf:raaexx:v:30:y:2023:i:1:p:230-246
    DOI: 10.1080/16081625.2021.1977662
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