The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies

This study uses China’s Growth Enterprises Market (GEM) listed companies from 2011 to 2017 as samples to examine the impact of industrial policies on innovation in startups from three dimensions, namely, selective industrial policies, government subsidies, and financial support. The results show tha...

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Autores principales:	Fang Wang, Deyong Zhu
Formato:	article
Lenguaje:	EN
Publicado:	Hindawi-Wiley 2021
Materias:	Electronic computers. Computer science QA75.5-76.95
Acceso en línea:	https://doaj.org/article/42f0b312cfbe45878e2cb010dea1c812
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id	oai:doaj.org-article:42f0b312cfbe45878e2cb010dea1c812
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spelling	oai:doaj.org-article:42f0b312cfbe45878e2cb010dea1c8122021-11-08T02:36:42ZThe Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies1099-052610.1155/2021/9650741https://doaj.org/article/42f0b312cfbe45878e2cb010dea1c8122021-01-01T00:00:00Zhttp://dx.doi.org/10.1155/2021/9650741https://doaj.org/toc/1099-0526This study uses China’s Growth Enterprises Market (GEM) listed companies from 2011 to 2017 as samples to examine the impact of industrial policies on innovation in startups from three dimensions, namely, selective industrial policies, government subsidies, and financial support. The results show that selective industrial policies have no effect on the innovation output of startups. Financial support can significantly promote the innovation output of entrepreneurial enterprises; structural differences exist in the impact of government subsidies on the innovation of entrepreneurial enterprises. The influence of industrial policy on the innovation of entrepreneurial enterprises depends on the research and development intensity of enterprises, the level of regional economic development, the leadership structure of enterprises, and other factors. This study’s findings have significant practical significance for the implementation of a national innovation-driven development strategy and to guide industrial policies that better promote enterprise innovation.Fang WangDeyong ZhuHindawi-WileyarticleElectronic computers. Computer scienceQA75.5-76.95ENComplexity, Vol 2021 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Electronic computers. Computer science QA75.5-76.95
spellingShingle	Electronic computers. Computer science QA75.5-76.95 Fang Wang Deyong Zhu The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies
description	This study uses China’s Growth Enterprises Market (GEM) listed companies from 2011 to 2017 as samples to examine the impact of industrial policies on innovation in startups from three dimensions, namely, selective industrial policies, government subsidies, and financial support. The results show that selective industrial policies have no effect on the innovation output of startups. Financial support can significantly promote the innovation output of entrepreneurial enterprises; structural differences exist in the impact of government subsidies on the innovation of entrepreneurial enterprises. The influence of industrial policy on the innovation of entrepreneurial enterprises depends on the research and development intensity of enterprises, the level of regional economic development, the leadership structure of enterprises, and other factors. This study’s findings have significant practical significance for the implementation of a national innovation-driven development strategy and to guide industrial policies that better promote enterprise innovation.
format	article
author	Fang Wang Deyong Zhu
author_facet	Fang Wang Deyong Zhu
author_sort	Fang Wang
title	The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies
title_short	The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies
title_full	The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies
title_fullStr	The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies
title_full_unstemmed	The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies
title_sort	influence of industrial policy on innovation in startup enterprises: an empirical study based on china's gem listed companies
publisher	Hindawi-Wiley
publishDate	2021
url	https://doaj.org/article/42f0b312cfbe45878e2cb010dea1c812
work_keys_str_mv	AT fangwang theinfluenceofindustrialpolicyoninnovationinstartupenterprisesanempiricalstudybasedonchinasgemlistedcompanies AT deyongzhu theinfluenceofindustrialpolicyoninnovationinstartupenterprisesanempiricalstudybasedonchinasgemlistedcompanies AT fangwang influenceofindustrialpolicyoninnovationinstartupenterprisesanempiricalstudybasedonchinasgemlistedcompanies AT deyongzhu influenceofindustrialpolicyoninnovationinstartupenterprisesanempiricalstudybasedonchinasgemlistedcompanies
_version_	1718443085681131520

The Influence of Industrial Policy on Innovation in Startup Enterprises: An Empirical Study Based on China's GEM Listed Companies

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