How do firms in strategic emerging industries influence their peers’ innovation strategies?
Drawing on signaling theory, peer effect, and the awareness-motivation-capability (AMC) framework, we examine the role of strategic emerging industries (SEI) firms in raising the awareness and motivation of non-SEI firms’ R&D activities, including gaining government R&D subsidies and adoptin...
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| Auteurs principaux: | , , |
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| Format: | article |
| Langue: | EN |
| Publié: |
Taylor & Francis Group
2021
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| Accès en ligne: | https://doaj.org/article/7d83d4d634dc4571af4dc55e6e829228 |
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| Résumé: | Drawing on signaling theory, peer effect, and the awareness-motivation-capability (AMC) framework, we examine the role of strategic emerging industries (SEI) firms in raising the awareness and motivation of non-SEI firms’ R&D activities, including gaining government R&D subsidies and adopting internal R&D investment, while considering the moderate effect of non-SEI firms’ capability factor. Based on the data of Chinese listed firms from SEI and non-SEI, the empirical results reveal that (a) the number of SEI firms funded by government R&D has an inverted U-shape relationship with the amount that non-SEI firms gain from government R&D subsidies, and has a positive relationship with the investment of non-SEI firms on internal R&D. (b) The financial performance of SEI firms funded by government R&D motivates non-SEI firms to gain government R&D subsidies and invest in internal R&D. (c) These relationships are strengthened by the relative scale of the non-SEI firms. |
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