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Military-to-Civilian Activities and the Growth of Military Enterprises: |
Xie Yan1,Duan Jun2,Han Chen3,Ding Peiqi1 |
(1.School of Management,Northwestern Polytechnical University,Xi'an 710072,China; 2.Office of Civil-Military Integration Development Committee of the CPC Shaanxi Provincial Committee,Xi'an 710054,China; 3.School of Management,Xi'an Jiaotong University,Xi'an 710072,China) |
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Abstract Based on the open innovation theory,we classify military-to-civilian activities (MCAs) of military enterprises into inbound,outbound and coupled MCAs from the perspective of organizational form.This paper then constructs an integrative model to examine the influences of different modes of MCAs on the growth of military enterprises and the moderating effects of marketization process.With the panel data of A-share listed companies of China's ten military industry groups from 2007 to 2019,empirical results show that:①inbound MCAs are beneficial to the growth of military enterprises,but outbound and coupled MCAs do not have a significant impact; ②in view of institutional environment in China's transition economy,the effect of inbound MCAs on the growth of military enterprises becomes stronger with the improvement of marketization,whereas only with relatively high level of marketization,can the positive roles of outbound and coupled MCAs on the growth of military enterprises be observed.This study advances civil-military integration theory and provides a variety of options and references for military enterprises to carry out MCAs and important policy implications for the government to accelerate the marketization process.
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Received: 22 September 2020
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