The impact of executive diversity on corporate innovation: Evidence from the natural experiment of high‐speed rail in China

Guo, Zhaorui; Chan, Kam C.; Huang, Jun

doi:10.1002/mde.3227

Cited by 9 publications

(3 citation statements)

References 82 publications

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“…To verify hypotheses H2 and H3, we introduce the mechanism factors-technical knowledge base and financial support-based on model (1), following the procedure outlined by Guo et al (2021): 1. Examine the impact of the IPR city pilot policy on mechanism factors.…”

Section: Methods and Data Estimation Methodsmentioning

confidence: 99%

“…To verify hypotheses H2 and H3, we introduce the mechanism factors—technical knowledge base and financial support—based on model (1), following the procedure outlined by Guo et al (2021): Examine the impact of the IPR city pilot policy on mechanism factors. Analyse the combined impact of the IPR city pilot policy and mechanism factors on technology entrepreneurship using the following models:

{Mechanism}_{it} goodbreak= \begin{matrix} lefttrue \\ C_{italicit} + α_{1} {italicPolicy}_{italicit} + {italicγcontrol}_{italicit} \\ + v_{t} + μ_{i} + ε_{italicit}, \end{matrix}

{TE}_{it} goodbreak= \begin{matrix} lefttrue \\ C_{italicit} + α_{1} {italicPolicy}_{italicit} + α_{2} {italicMechansim}_{italicit} \\ + {italicγcontrol}_{italicit} + v_{t} + μ_{i} + ε_{italicit} . \end{matrix}

…”

Section: Methods and Datamentioning

confidence: 99%

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How does intellectual property system affect technology entrepreneurship: evidence from Chinese prefecture‐level cities

Zhao,

2024

Asian-Pac Economic Lit

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Technology entrepreneurship plays a pivotal role in bolstering regional economic vitality, with the intellectual property rights (IPR) system serving as a fundamental safeguard for entrepreneurs' intellectual achievements. Using panel data encompassing 260 prefecture‐level cities in China from 2006 to 2019, we employ the count of registered technology‐based enterprises to construct an indicator of technology entrepreneurship and consider China's IPR policy as a quasi‐natural experiment to examine the impact of the IPR system on technology entrepreneurship. The findings reveal that the pilot policy can significantly stimulate technology entrepreneurship displaying a periodically dynamic promotional effect. This conclusion remains reliable even after undergoing rigorous robustness tests. The mechanism analysis demonstrates that the pilot policy can stimulate technology entrepreneurship by enriching the technological knowledge base and providing financial guarantees. Notably, while the policy's impact on technology entrepreneurship increases with the expansion of the city scale across different scenarios, no discernible regional disparities emerge. This study provides a new perspective on the relationship between the IPR system and entrepreneurship, offering valuable insights into improving the IPR framework in emerging developing countries.

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Section: Methods and Data Estimation Methodsmentioning

confidence: 99%

{Mechanism}_{it} goodbreak= \begin{matrix} lefttrue \\ C_{italicit} + α_{1} {italicPolicy}_{italicit} + {italicγcontrol}_{italicit} \\ + v_{t} + μ_{i} + ε_{italicit}, \end{matrix}

{TE}_{it} goodbreak= \begin{matrix} lefttrue \\ C_{italicit} + α_{1} {italicPolicy}_{italicit} + α_{2} {italicMechansim}_{italicit} \\ + {italicγcontrol}_{italicit} + v_{t} + μ_{i} + ε_{italicit} . \end{matrix}

…”

Section: Methods and Datamentioning

confidence: 99%

How does intellectual property system affect technology entrepreneurship: evidence from Chinese prefecture‐level cities

Zhao,

2024

Asian-Pac Economic Lit

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“…The opening of HSR can widen firm diversified selection of human resource, thus promoting firm innovation. This is especially so when the marketization degree of the city is low or the original transportation conditions are poor; thus, the effect of HSR will be more important [41]. Broekel and Brachert (2015) [42] cite data from Germany to show that cities with low innovation capacity benefit the most from firm cooperation.…”

Section: City Sizementioning

confidence: 99%

The Influencing Mechanism of High-Speed Rail on Innovation: Firm-Level Evidence from China

Zheng

Xin

2022

Sustainability

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There is an urgent need to change the economic development mode from “resources driven” to “innovation driven” with the stagnation of the economy in China. Most existing research on the effect of high-speed rail (HSR) on firm innovation has lacked theoretical support and empirical evidence of firm innovation through knowledge spillover. This study introduces HSR as a cost coefficient to the classical heterogeneous firm model to construct a theoretical framework to determine the impact of HSR on firms’ innovation output. By matching the data of listed firms with the data of prefecture-level cities, the general difference-in-differences (DID) method is used to explore the impact of HSR on firm innovation and its mechanism. The research shows that the construction of HSR has a significant effect on the number of applied patent and authorized patents of firms and that there is a marginal increasing trend relating to the density and timing of HSR. The study found that in peripheral cities, firms in industries with rapid technological advances and highly innovative behaviors benefit more from HSR. HSR is associated with knowledge spillover within and between central and peripheral cities. It also has a heterogeneous sorting effect bounded by city size that promotes highly educated talent and the innovative output of firms that becomes significant only after the population size of a city reaches a certain threshold. HSR stimulates firm innovation mainly by improving the effect of firm resource allocation, promoting the spillover effect of innovation due to the flow and aggregation of resources, and increasing the scale effect of market expansion. Therefore, when designing innovation policies, the role of improving the construction of transportation to increase the frequency of face-to-face communication should be included, thus promoting the flow of knowledge and research collaboration.

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The impact mechanism of high-speed railway on regional green innovation spillover under multi-dimensional paths

Zhou

2022

Environmental Impact Assessment Review

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The impact of executive diversity on corporate innovation: Evidence from the natural experiment of high‐speed rail in China

Cited by 9 publications

References 82 publications

How does intellectual property system affect technology entrepreneurship: evidence from Chinese prefecture‐level cities

How does intellectual property system affect technology entrepreneurship: evidence from Chinese prefecture‐level cities

The Influencing Mechanism of High-Speed Rail on Innovation: Firm-Level Evidence from China

The impact mechanism of high-speed railway on regional green innovation spillover under multi-dimensional paths

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