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IMPACTS OF BUSINESS ENVIRONMENT ON TECHNICAL INNOVATION OF CHINA‘S MINOR ENTERPRISES FROM PERSPECTIVE OF RESOURCES-BASIS VIEW
ZHOU Shenbei, YANG Zhe, ZHANG Guiqing
Resources & Industries
2023, 25 (4):
93-104.
DOI: 10.13776/j.cnki.resourcesindustries.20230717.001
This paper on the purpose of exploring the impacts of business environment on technical innovation of China's minor enterprises, uses access to policy resource as a bridge to establish a framework of “business environment-resource accesstechnical innovation” from perspective of resources-basis view, take the data of A-share GEM listed companies in Shenzhen Stock Exchange from 2009 to 2017 as the research sample,which is used to study the mechanisms of business environment on technical innovation of China's minor enterprises, and to analyze the mediation of policy resources access between business environment and technical innovation of minor enterprises, and the moderating effect of market competitiveness intensity on policy resources access and technological innovation of minor,and uses the fixed effect model and the intermediary effect model to conduct empirical tests. Optimizing business environment can promote their technical innovation of China's minor enterprises. Among the tier 2 indicators of business environment, market intermediary organizations' development and legal system environment,development of factor market, development of private economy play an outstandingly positive role on their technical innovation. Excessive estrangement between the government and the market can have a restraining effect on technological innovation of minor enterprises. Development of products market works little on innovation of minor enterprises. Heterogeneity analysis suggests eastern China's business environment play a larger pushing role on minor enterprises' technical innovation than central-western China's. Business environment can not only directly boost their technical innovation of China's minor enterprises, but also indirectly through policy resources access. Access to policy resources plays a partial intermediary role between business environment and minor' technological innovation, accounting for 0.806 of the total effect of business environment on minor' technological innovation. Market competitiveness intensity plays a positive modulation between policy resources access and minor enterprises' technical innovation, the higher market competitiveness intensity, the access to policy resources will play a more positive role in promoting minor' technological innovation.
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