Joint Effects of Ownership and Competition on the Relationship between Innovation and Productivity: Application of the CDM Model to the Chinese Manufacturing Sector
| Autor: | Sihan Li, Junguo Shi, BM Bert Sadowski, Önder Nomaler |
|---|---|
| Přispěvatelé: | Royal Netherlands Academy of Arts and Sciences, China Scholarship Council, Jiangsu University, Technology, Innovation & Society, EAISI Health |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
productivity
Exploit Strategy and Management Aggregate Productivity Manufacturing enterprises Competition (economics) Chinese manufacturing sector Measurement of Economic Growth Cross-Country Output Convergence 0502 economics and business CDM model Production (economics) Ownership type Economic Growth and Aggregate Productivity: General 所有制类型 050207 economics Business and International Management Tipo de propiedad Productivity o40 - Economic Growth and Aggregate Productivity: General Industrial organization 竞争 конкуренция Productividad Competition 劳动生产率 05 social sciences CDM模型 Econometric Modeling: General Market concentration Sector manufacturero chino Manufacturing sector Competencia c50 - Econometric Modeling: General ownership type 中国制造业 CDM модель Business Modelo CDM китайский производственный сектор competition 050203 business & management Panel data форма собственности производительность |
| Zdroj: | Management and Organization Review, 16(4):1740877620000133, 769-789. Wiley-Blackwell Digital.CSIC. Repositorio Institucional del CSIC instname Management and Organization Review, 16(4), 769-789. Cambridge University Press |
| ISSN: | 1740-8776 1740-8784 |
| Popis: | [EN]: On the basis of a rich panel data set of large- and medium-sized Chinese manufacturing enterprises, we observe that different types of firms (i.e., state-owned enterprises [SOEs], foreign-funded ownership [FFO] of firms, Hong Kong-Macau-Taiwanese [HMT] companies and privately-owned firms) exploit different stages of the innovation – productivity chain depending on the extent of market concentration. By applying a modified CDM model, this study reveals that SOEs tend to be more active in making innovative decisions and pursuing innovative investments but are less efficient in terms of innovation output and labour productivity, whereas FFO firms have relatively high labour productivity but are less active in the first three stages of the innovation – productivity chain. Market competition favours SOEs in the production of additional innovation products. Foreign firms are efficient in labour productivity if they are operating in a concentrated market. By using the metaphor of DNA, this study explains the heterogeneity among these different forms of ownership and generates several managerial implications. [ES]: Sobre la base de un rico conjunto de datos de empresas manufactureras chinas grandes y mediana, observamos que diferentes tipos de empresas (es decir, empresas de propiedad estatal, propiedad financiada con fondos extranjeros de empresas, empresas de Hong Kong-Macao-Taiwán, y empresas de propiedad privada) explotan diferentes etapas de la innovación -la productividad en cadena depende del alcance de la concentración del mercado. Al aplicar un modelo modificado del CDM, este estudio revela que las empresas de propiedad temporal tienden a ser más activas en la toma de decisiones innovadoras y en la realización de inversiones innovadoras, pero son menos eficientes en términos de producción de innovación y productividad laboral, mientras que las empresas de propiedad financiada con fondos extranjeros tienen una productividad laboral relativamente alta, pero son menos activas en las tres primeras etapas de la innovación - la cadena de productividad. La competencia del mercado favorece a las empresas de propiedad estatal en la producción de productos de innovación adicionales. Las empresas extranjeras son eficientes en la productividad de la mano de obra si operan en un mercado concentrado. Mediante el uso de la metáfora del ADN, este estudio explica la heterogeneidad entre estas diferentes formas de propiedad y genera varias implicaciones gerenciales. This research was supported by the Royal Netherlands Academy of Arts and Science (KNAW-MOE 530-5CDC01), Program of Study Abroad for Young Scholar from China Scholarship Council (201808695019), and High Talent Research Program by Jiangsu University (17JDG005). |
| Databáze: | OpenAIRE |
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