{"title":"以地方为基础的政策与地方技术溢出效应:中国国家高新区的证据","authors":"Donghui Li , Wei Chen , Kaixuan Hao","doi":"10.1016/j.ribaf.2024.102580","DOIUrl":null,"url":null,"abstract":"<div><p>This study examines the impact of place-based policies on local technology spillovers, using a sample from the Chinese A-share market. The findings indicate that firms experience greater local technology spillovers following the establishment of national high-tech zones (HTZs). Channel analysis shows that HTZ policies facilitate the formation of R&D alliances and promote technology transactions. The positive effects are more pronounced in firms with higher knowledge absorptive capacity, those led by executives with academic backgrounds, and in environments with weaker market competition and intellectual property rights enforcement. Additionally, the research reveals that the technology spillovers generated by HTZ policies primarily spread between industries rather than within them.</p></div>","PeriodicalId":51430,"journal":{"name":"Research in International Business and Finance","volume":"73 ","pages":"Article 102580"},"PeriodicalIF":6.3000,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Place-based policies and local technology spillovers: Evidence from national high-tech zones in China\",\"authors\":\"Donghui Li , Wei Chen , Kaixuan Hao\",\"doi\":\"10.1016/j.ribaf.2024.102580\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This study examines the impact of place-based policies on local technology spillovers, using a sample from the Chinese A-share market. The findings indicate that firms experience greater local technology spillovers following the establishment of national high-tech zones (HTZs). Channel analysis shows that HTZ policies facilitate the formation of R&D alliances and promote technology transactions. The positive effects are more pronounced in firms with higher knowledge absorptive capacity, those led by executives with academic backgrounds, and in environments with weaker market competition and intellectual property rights enforcement. Additionally, the research reveals that the technology spillovers generated by HTZ policies primarily spread between industries rather than within them.</p></div>\",\"PeriodicalId\":51430,\"journal\":{\"name\":\"Research in International Business and Finance\",\"volume\":\"73 \",\"pages\":\"Article 102580\"},\"PeriodicalIF\":6.3000,\"publicationDate\":\"2024-09-12\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Research in International Business and Finance\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S0275531924003738\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in International Business and Finance","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0275531924003738","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
摘要
本研究以中国 A 股市场为样本,探讨了地方性政策对地方技术溢出效应的影响。研究结果表明,在建立国家级高新区后,企业在当地的技术溢出效应更大。渠道分析表明,高新区政策促进了研发联盟的形成,并推动了技术交易。这种积极效应在知识吸收能力较强的企业、由具有学术背景的高管领导的企业以及市场竞争和知识产权执法较弱的环境中更为明显。此外,研究还发现,技术外溢区政策产生的技术外溢效应主要在产业间而非产业内扩散。
Place-based policies and local technology spillovers: Evidence from national high-tech zones in China
This study examines the impact of place-based policies on local technology spillovers, using a sample from the Chinese A-share market. The findings indicate that firms experience greater local technology spillovers following the establishment of national high-tech zones (HTZs). Channel analysis shows that HTZ policies facilitate the formation of R&D alliances and promote technology transactions. The positive effects are more pronounced in firms with higher knowledge absorptive capacity, those led by executives with academic backgrounds, and in environments with weaker market competition and intellectual property rights enforcement. Additionally, the research reveals that the technology spillovers generated by HTZ policies primarily spread between industries rather than within them.
期刊介绍:
Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance