Regulation and product innovation: the intermediate role of resource reallocation

doi:10.1007/s00191-020-00676-6

CASISD OpenIR

	Regulation and product innovation: the intermediate role of resource reallocation
	Wang, Fang; Dai, Xiaoyong
发表期刊	JOURNAL OF EVOLUTIONARY ECONOMICS
摘要	Regulation has been identified as an important determinant of the innovation activities of companies, industries, and entire economies. As such, this paper investigates the potential effects of regulation on the innovative performance of firms in China. We identify an inverted U-shaped relationship between regulation and product innovation performance. That is, in China, regulation plays a positive role in promoting innovation: the more actively firms deal with regulations within certain threshold levels, the better their product innovation performance is. However, after reaching the threshold, the relationship reverses. Further, actively coping with regulations facilitates firms' access to financial resources, which in turn promotes product innovation. Meanwhile, output distortion significantly impedes product innovation performance. However, regulation does not show a measurable impact on output distortion.
	2020
卷号	30
DOI	10.1007/s00191-020-00676-6
语种	英语
引用统计
文献类型	期刊论文
条目标识符	http://ir.casisd.cn/handle/190111/9805
专题	中国科学院科技战略咨询研究院
推荐引用方式 GB/T 7714	Wang, Fang,Dai, Xiaoyong. Regulation and product innovation: the intermediate role of resource reallocation[J]. JOURNAL OF EVOLUTIONARY ECONOMICS,2020,30.
APA	Wang, Fang,&Dai, Xiaoyong.(2020).Regulation and product innovation: the intermediate role of resource reallocation.JOURNAL OF EVOLUTIONARY ECONOMICS,30.
MLA	Wang, Fang,et al."Regulation and product innovation: the intermediate role of resource reallocation".JOURNAL OF EVOLUTIONARY ECONOMICS 30(2020).