Political genes drive innovation: Political endorsements and low-quality innovation

被引：6

作者：

Wang, Yanyu ^{[1
]}

You, Qinghua ^{[1
]}

Qiao, Yuanbo ^{[2
]}

机构：

[1] Beijing Univ Posts & Telecommun, Sch Econ & Management, Beijing 100876, Peoples R China

[2] Shandong Univ, Inst Studies Cty Dev, Qingdao 266200, Peoples R China

来源：

STRUCTURAL CHANGE AND ECONOMIC DYNAMICS | 2022年 / 60卷

关键词：

Political endorsement; Low-quality innovation; Legitimacy; Resource dependence theory; Slack resources; Market liberalization; China; FIRM PERFORMANCE; CORPORATE GOVERNANCE; SLACK RESOURCES; CHINA; INSTITUTIONS; CONNECTIONS; LEGITIMACY; OWNERSHIP; ECONOMY; DETERMINANTS;

D O I：

10.1016/j.strueco.2021.12.009

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Drawing on institutional theory and resource dependent theory, this study proposed that political endorsement of a firm, playing as political genes, restrains it from pursuing the low-quality innovation. Using data on 2406 Chinese listed companies spanning from 2008 to 2016, we find that the political endorsement significantly inhibits low-quality innovation. That inhibition is stronger among firms with more slack resources and weaker in provinces with greater market liberalization. Our findings provide contributions on the low-quality innovation from political perspective, and benefit for the innovation implications.(c) 2022 Elsevier B.V. All rights reserved.

引用

页码：407 / 417

页数：11

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