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Abstract This paper investigates the incentive effect of the identification of hightech enterprises on the enterprises' technology innovation,and the different incentive effect under different institutional environment,using samples of Chinese Ashare listed and hightech companies over 2005-2014.Empirical results find that the identification of hightech enterprises significantly incentives enterprises' technology innovation.This technological innovation incentive effect is more significant particularly in areas with more government intervention,lower level of property rights protection,lower level of financial development and lower level of intermediary organization development.These findings suggest that as a formal institution,the identification of hightech enterprises contributes to ease the backward system obstacle for enterprises' innovation,can help enterprises to gain innovation resources,and incentive enterprises' technology innovation.
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| Fund:国家社会科学基金一般项目（15BRK030）；国家社会科学基金青年项目（13CJL066）；河南省科技厅科技研发专项软科学项目（182400410069）；湖南省科技计划重点项目（2014FJ6056） |
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