{"title":"市场细分、市场化、变革速度与民营企业研发投入","authors":"Bojun Hou, Yuehe Yu, Yifan Zhu, Xiaoxuan Zhu, Chen Zhu, Ji-wan Hong","doi":"10.1080/14631377.2023.2236877","DOIUrl":null,"url":null,"abstract":"ABSTRACT This study examines the impact of market segmentation on R&D investment in transitional economy. Based on the analysis of 14,032 Chinese private firms, we find that market segmentation has an inverted U-shaped relationship with firm R&D investment, that is, private firms’ innovation investment presents a trend of first increase and then decrease in relation to the deepening of market segmentation. In addition, this study explores the moderating effect of marketisation change speed (MCS), and the results indicate that MCS strengthens the inverted U-shaped relationship between market segmentation and R&D investment of private firms. Our findings provide insights into how emerging economies leverage the role of the market to better stimulate private sector investment in innovation.","PeriodicalId":46517,"journal":{"name":"Post-Communist Economies","volume":" ","pages":""},"PeriodicalIF":2.2000,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Market segmentation, marketisation change speed and R&D investment of private firms\",\"authors\":\"Bojun Hou, Yuehe Yu, Yifan Zhu, Xiaoxuan Zhu, Chen Zhu, Ji-wan Hong\",\"doi\":\"10.1080/14631377.2023.2236877\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT This study examines the impact of market segmentation on R&D investment in transitional economy. Based on the analysis of 14,032 Chinese private firms, we find that market segmentation has an inverted U-shaped relationship with firm R&D investment, that is, private firms’ innovation investment presents a trend of first increase and then decrease in relation to the deepening of market segmentation. In addition, this study explores the moderating effect of marketisation change speed (MCS), and the results indicate that MCS strengthens the inverted U-shaped relationship between market segmentation and R&D investment of private firms. Our findings provide insights into how emerging economies leverage the role of the market to better stimulate private sector investment in innovation.\",\"PeriodicalId\":46517,\"journal\":{\"name\":\"Post-Communist Economies\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":2.2000,\"publicationDate\":\"2023-07-27\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Post-Communist Economies\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1080/14631377.2023.2236877\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"ECONOMICS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Post-Communist Economies","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/14631377.2023.2236877","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
Market segmentation, marketisation change speed and R&D investment of private firms
ABSTRACT This study examines the impact of market segmentation on R&D investment in transitional economy. Based on the analysis of 14,032 Chinese private firms, we find that market segmentation has an inverted U-shaped relationship with firm R&D investment, that is, private firms’ innovation investment presents a trend of first increase and then decrease in relation to the deepening of market segmentation. In addition, this study explores the moderating effect of marketisation change speed (MCS), and the results indicate that MCS strengthens the inverted U-shaped relationship between market segmentation and R&D investment of private firms. Our findings provide insights into how emerging economies leverage the role of the market to better stimulate private sector investment in innovation.
期刊介绍：
Post-Communist Economies publishes key research and policy articles in the analysis of post-communist economies. The basic transformation in the past two decades through stabilisation, liberalisation and privatisation has been completed in virtually all of the former communist countries, but despite the dramatic changes that have taken place, the post-communist economies still form a clearly identifiable group, distinguished by the impact of the years of communist rule. Post-communist economies still present distinctive problems that make them a particular focus of research.
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