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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Autores principales:	Die Hu, Zhiwei Wang, Huifang Hu
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2021
Materias:	strategic emerging industries signal theory peer effect amc framework government r&d subsidies internal r&d investment Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
Acceso en línea:	https://doaj.org/article/7d83d4d634dc4571af4dc55e6e829228
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spelling	oai:doaj.org-article:7d83d4d634dc4571af4dc55e6e8292282021-11-17T14:21:55ZHow do firms in strategic emerging industries influence their peers’ innovation strategies?1331-677X1848-966410.1080/1331677X.2021.2004185https://doaj.org/article/7d83d4d634dc4571af4dc55e6e8292282021-11-01T00:00:00Zhttp://dx.doi.org/10.1080/1331677X.2021.2004185https://doaj.org/toc/1331-677Xhttps://doaj.org/toc/1848-9664Drawing 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.Die HuZhiwei WangHuifang HuTaylor & Francis Grouparticlestrategic emerging industriessignal theorypeer effectamc frameworkgovernment r&d subsidiesinternal r&d investmentEconomic growth, development, planningHD72-88Regional economics. Space in economicsHT388ENEkonomska Istraživanja, Vol 0, Iss 0, Pp 1-20 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	strategic emerging industries signal theory peer effect amc framework government r&d subsidies internal r&d investment Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388
spellingShingle	strategic emerging industries signal theory peer effect amc framework government r&d subsidies internal r&d investment Economic growth, development, planning HD72-88 Regional economics. Space in economics HT388 Die Hu Zhiwei Wang Huifang Hu How do firms in strategic emerging industries influence their peers’ innovation strategies?
description	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.
format	article
author	Die Hu Zhiwei Wang Huifang Hu
author_facet	Die Hu Zhiwei Wang Huifang Hu
author_sort	Die Hu
title	How do firms in strategic emerging industries influence their peers’ innovation strategies?
title_short	How do firms in strategic emerging industries influence their peers’ innovation strategies?
title_full	How do firms in strategic emerging industries influence their peers’ innovation strategies?
title_fullStr	How do firms in strategic emerging industries influence their peers’ innovation strategies?
title_full_unstemmed	How do firms in strategic emerging industries influence their peers’ innovation strategies?
title_sort	how do firms in strategic emerging industries influence their peers’ innovation strategies?
publisher	Taylor & Francis Group
publishDate	2021
url	https://doaj.org/article/7d83d4d634dc4571af4dc55e6e829228
work_keys_str_mv	AT diehu howdofirmsinstrategicemergingindustriesinfluencetheirpeersinnovationstrategies AT zhiweiwang howdofirmsinstrategicemergingindustriesinfluencetheirpeersinnovationstrategies AT huifanghu howdofirmsinstrategicemergingindustriesinfluencetheirpeersinnovationstrategies
_version_	1718425491621281792

How do firms in strategic emerging industries influence their peers’ innovation strategies?

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