Enterprise Innovation Management

Does the Establishment of the SEZs Improve the Quality of Enterprise Innovation

  • Yang Bo ,
  • Li Bo
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  • (Economics School, Zhongnan University of Economics and Law, Wuhan 430073, China)

Received date: 2020-05-12

  Revised date: 2020-06-24

  Online published: 2021-03-01

Abstract

This paper, basing on the quasi-natural experiment of the establishment of the state-level Special Economic Zones(SEZs), combined data of the A-share listed enterprises from 2000 to 2018 year, and empirically tested the influence and mechanism analysis of the policy on the SEZs on the quality of enterprise innovation, by using the progressive Difference-in-Difference(DID) model.The study finds that the SEZs can effectively improve the enterprises' innovation quality.From the analysis of heterogeneous characteristics, the more perfect market competition and the lower distortionary degree of the factors will strengthen the establishment of the SEZs to improve the quality of enterprise innovation.Meanwhile, the eastern and central regions, state-owned enterprises and technology-intensive industries are more positive facilitation from the SEZs.From the perspective of the intermediary mechanism, the policy effect, competitive effect and accumulative effect of the SEZs' are the three important transmission mechanisms, they can respectively provide preferential subsidies, stimulate healthy competition and produce agglomerative economy to improve the enterprises' innovation quality.At last, from the perspective of government and enterprises, this paper puts forward some policies and suggestions to promote the enterprises' innovation quality through the SEZs' platform.

Cite this article

Yang Bo , Li Bo . Does the Establishment of the SEZs Improve the Quality of Enterprise Innovation[J]. Science & Technology Progress and Policy, 2021 , 38(3) : 79 -87 . DOI: 10.6049/kjjbydc.2020030238

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