Market-based reforms, synchronization and product innovation

被引:24
作者
Yang, Xiaoming [1 ]
Sun, Sunny Li [1 ]
Yang, Haibin [2 ]
机构
[1] Univ Missouri, Henry W Bloch Sch Management, Kansas City, MO 64110 USA
[2] City Univ Hong Kong, Coll Business, Kowloon, Hong Kong, Peoples R China
关键词
Market-based reforms; Synchronization; Absorptive capacity; RESEARCH-AND-DEVELOPMENT; ABSORPTIVE-CAPACITY; EMERGING ECONOMIES; LOCATION CHOICE; SUCCESS FACTORS; PERFORMANCE; TECHNOLOGY; MANAGEMENT; STRATEGY; TRANSFORMATION;
D O I
10.1016/j.indmarman.2015.04.015
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper focuses on the multiple dimensions of market-based reforms and their impacts on firms' product innovation performance in China, the largest emerging country in the world. By analyzing a data set with more than one-half-million observations on firms during China's economic transition during the period 2005-2007, we find that the progress of market-based reforms and the degree to which different dimensions of market-based reforms are conducted simultaneously, referred to as synchronization, have a positive effect on firms' product innovation. We also find that firms with higher absorptive capacity benefit more from market-based reforms and the synchronization of different dimensions of market-based reforms. (C) 2015 Elsevier Inc. All rights reserved.
引用
收藏
页码:30 / 39
页数:10
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