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| Does the Gazelle Company Identity Policy Promote the Quality of Innovation? |
| Wang Lei,Zhang Jianhu |
| (School of Economics,Shandong University,Jinan 250100,China) |
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Abstract The identification of gazelle companies plays an important role in innovation-driven development strategy,which aims at fostering high-tech and high-growth companies for technical progress and economic development.We wonder whether the gazelle company identity policy promote the quality of innovation.Based on this question,we collect the data of companies in NEEQ Market from 2005-2018 and use the method of PSM-DID to analyze how the gazelle company identity policy influence the quality of innovation.The main findings include: ① The gazelle company identity policy promotes the quality of innovation,and this effect is heterogeneous in different areas and different companies；②The gazelle company identity policy plays a role in improving the quality of innovation by labor input; ③The institutional factors moderate little which means the process of marketization and intellectual property right protection should receive more attention.In the end,this paper provides suggestions for government on how to carry out the gazelle company identity policy and improve the quality of innovation.
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Received: 13 October 2020
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