|
|
|
| Marketization Process, Digital Transformation and Regional Innovation Capabilities: Theoretical Analysis and Empirical Evidence |
| Zhuang Xudong,Wang Renzeng |
| (School of Economics and Finance, South China University of Technology, Guangzhou 510006, China) |
|
|
|
|
Abstract It is an indispensable premise to keep improving innovation capabilities for the sustainable economic development in such a competitive world now, and it is also the representation of a country's core competitiveness. Improving regional innovation capabilities is an important way to promote the formation of a new engine of economic development, the transformation of innovation-driven development and the construction of an innovative country.#br#The core of regional innovation capabilities lies in the interaction and connection among regional innovation institutions, the efficiency of market resource allocation, and the capabilities to transform knowledge into new products and new services through technological innovation. It is closely related to the regional innovation environment based on the process of marketization and digital transformation. At present, there are few related studies on the internal influence mechanism of the marketization process on regional innovation capabilities. The internal interaction between the two has not been clarified, and further exploration is needed. Moreover, the digital transformation of the world economy is the general trend. In the context of digital transformation, the role of digital transformation in marketization and regional innovation abilities is worthy of in-depth discussion.#br#Based on China's provincial panel data, this research explores the internal connections among marketization process, digital transformation and regional innovation capabilities. It is found that promoting the marketization process has a significant role in improving regional innovation capabilities and the development of digital transformation has significantly enhanced the role of marketization in promoting regional innovation capabilities. After examining the impact mechanism, it is found that promoting the marketization process can alleviate innovation subjects, the external financing constraints and the stimulating internal innovation motivation of innovative entities, thereby indirectly improving regional innovation capabilities. Further discussion shows that the impact of marketization on regional innovation ability is heterogeneous. In regions with high degree of digitization, the effect of marketization on regional innovation ability is better and more significant. #br#Compared with the existing research, the marginal contribution of this research mainly relies on the following aspects. First, this research attempts to clarify the internal influence logic of the marketization process on regional innovation capabilities, which helps to affirm the importance of market mechanism orientation theoretically. It plays a role in providing theoretical support for the government to promote the process of marketization in order to accelerate the implementation of the innovation-driven development strategy. Second, this research explores the positive moderating role of digital transformation between the marketization process and regional innovation capabilities, and discusses the issue of heterogeneity, which will help the government to formulate differentiated policies to accelerate market-oriented reforms and digital transformation. It can promote regional innovation capabilities, which is of great practical significance for China to achieve high-quality development. Third, the existing literature seldom discusses the internal connection between the marketization process and the regional innovation capabilities, and the research based on the analysis in the background of digital transformation is even less. This research helps to extend the theory of regional innovation capabilities and enriches the documents related to marketization process and digital transformation.#br#
|
|
Received: 12 April 2021
|
|
|
|
|
|
| [1] ZHAO S L,SONG W,ZHU D Y,et al.Evaluating China's regional collaboration innovation capability from the innovation actors perspective—an AHP and cluster analytical approach[J]. Technology in Society, 2013, 35(3): 182-190.[2] 邓富民,张金光,梁学栋.基于协调度-管理熵的区域协同创新能力测度[J].科技进步与对策,2014,31(5):113-117.[3] PETTI C, RUBINI L, PODETTI S. Government support and R&D investment effectiveness in Chinese SMEs: a complex relationship[J]. Asian Economic Papers, 2017, 16(1): 201-226.[4] 李二玲,崔之珍.中国区域创新能力与经济发展水平的耦合协调分析[J].地理科学,2018,38(9):1412-1421.[5] 靳巧花,严太华.国际技术溢出与区域创新能力——基于知识产权保护视角的实证分析[J].国际贸易问题,2017,43(3):14-25.[6] 李政,杨思莹.财政分权、政府创新偏好与区域创新效率[J].管理世界,2018,34(12):29-42，110，193-194.[7] 王春杨,兰宗敏,张超,等.高铁建设、人力资本迁移与区域创新[J].中国工业经济,2020,37(12):102-120.[8] 杨飞.市场化、技能偏向性技术进步与技能溢价[J].世界经济,2017,40(2):78-100.[9] 吴娜,于博,王博梓.市场化进程、创新投资与营运资本的动态调整[J].会计研究,2017,38(6):82-88，97.[10] 戴魁早,刘友金.行业市场化进程与创新绩效——中国高技术产业的经验分析[J].数量经济技术经济研究,2013,30(9):37-54.[11] 齐绍洲,张倩,王班班.新能源企业创新的市场化激励——基于风险投资和企业专利数据的研究[J].中国工业经济,2017,34(12):95-112.[12] 叶祥松,刘敬.政府支持与市场化程度对制造业科技进步的影响[J].经济研究,2020,55(5):83-98.[13] 成力为,孙玮.市场化程度对自主创新配置效率的影响——基于Cost-Malmquist指数的高技术产业行业面板数据分析[J].中国软科学,2012,27(5):128-137.[14] 张杰,周晓艳,李勇.要素市场扭曲抑制了中国企业R&D?[J].经济研究,2011,46(8):78-91.[15] 白俊红,卞元超.要素市场扭曲与中国创新生产的效率损失[J].中国工业经济,2016,33(11):39-55.[16] BURKS J J, CUNY C, GERAKOS J, et al. Competition and voluntary disclosure: Evidence from deregulation in the banking industry[J]. Review of Accounting Studies, 2018, 23(4): 1471-1511.[17] 金晓彤,黄蕊.技术进步与消费需求的互动机制研究——基于供给侧改革视域下的要素配置分析[J].经济学家,2017,29(2):50-57.[18] 荆文君,孙宝文.数字经济促进经济高质量发展:一个理论分析框架[J].经济学家,2019,40(2):66-73.[19] DUARTE J, SIEGEL S, YOUNG L A, et al. Trust and credit: the role of appearance in peer-to-peer lending[J]. Review of Financial Studies, 2012, 25(8): 2455-2484.[20] FIRTH M, LIN C, LIU P, et al. Inside the black box: bank credit allocation in China′s private sector[J]. Journal of Banking & Finance, 2009, 33(6): 1144-1155.[21] 张纯,吕伟.信息披露、市场关注与融资约束[J].会计研究,2007,28(11):32-38，95.[22] 郭桂花,池玉莲,宋晴.市场化进程、会计信息质量与融资约束的相关性分析——基于最终控制人的视角[J].审计与经济研究,2014,29(1):68-76，85.[23] YANG L, MASKUS K E. Intellectual property rights, technology transfer and exports in developing countries[J]. Journal of Development Economics, 2009, 90(2): 231-236.[24] 王贞洁,王京.宏观经济不确定性、战略变化幅度与投资行为[J].管理评论,2018,30(7):207-217.[25] 李习保.中国区域创新能力变迁的实证分析:基于创新系统的观点[J].管理世界,2007,23(12):18-30，171.[26] 杨浩昌,李廉水,刘军.高技术产业聚集对技术创新的影响及区域比较[J].科学学研究,2016,34(2):212-219.[27] 王小鲁,樊纲,胡李鹏.中国分省份市场化指数报告（2018）[M].北京：社会科学文献出版社,2019.[28] 俞红海,徐龙炳,陈百助.终极控股股东控制权与自由现金流过度投资[J].经济研究,2010,45(8):103-114.[29] 张良贵.市场化进程与企业外部融资成本间关系的演变——来自1990—2010年中国数据的实证检验[J].中国经济问题,2013,55(3):32-44.[30] 王玉泽,罗能生,刘文彬.什么样的杠杆率有利于企业创新[J].中国工业经济,2019，36(3):138-155.[31] 王康仕,孙旭然,张林曦,等.金融数字化是否促进了绿色金融发展——基于中国工业上市企业的实证研究[J].财经论丛,2020，36(9):44-53.[32] 郭峰,王靖一,王芳,等.测度中国数字普惠金融发展:指数编制与空间特征[J].经济学(季刊),2020,19(3):777-796.[33] 干春晖,郑若谷,余典范.中国产业结构变迁对经济增长和波动的影响[J].经济研究,2011,46(5):4-16，31.[34] 石大千,张琴,刘建江.高校扩招对区域创新能力的影响:机制与实证[J].科研管理,2020,41(3):83-90.[35] 杜传忠,张远.“新基建”背景下数字金融的区域创新效应[J].财经科学,2020，64(5):30-42.[36] 温忠麟,侯杰泰,张雷.调节效应与中介效应的比较和应用[J].心理学报,2005，50(2):268-274.[37] BARON R M, KENNY D A. The moderator-mediator variable distinction in social psychological research: conceptual, strategic, and statistical considerations[J]. Journal of Personality and Social Psychology, 1986, 51(6): 1173-1182.[38] 温忠麟,叶宝娟.中介效应分析:方法和模型发展[J].心理科学进展,2014,22(5):731-745.[39] 刘军,杨渊鋆,张三峰.中国数字经济测度与驱动因素研究[J].上海经济研究,2020，65(6):81-96. |
|
|
|
