A Study on the Influence of Decentralization on Innovation Quality of China's High-tech Enterprises
MA Shengli1, JIANG Bo2
1.School of Management, Shenyang Normal University, Shenyang 110034, China; 2.School of Economics and Management, Shenyang Institute of Engineering, Shenyang 110136, China
Abstract The purpose of the decentralization reform is to clarify the boundary between the government and the market, promote efficiency and fairness in the allocation of innovation resources, and stimulate enterprises to upgrade the quality of innovation. Based on the panel data of listed companies from 2007 to 2019, this paper empirically studies the impact of decentralization on the innovation quality of high-tech enterprises. The study finds that the decentralization can significantly promote the innovation quality of high-tech enterprises by reducing institutional transaction costs, stimulating entrepreneurship, optimizing the business environment and strengthening supervision. In this regard, the east economically developed areas have performed better. This shows that the impact of the decentralization on the quality of innovation is heterogeneous in terms of corporate nature, political relevance and family control, but not related to the attributes of the Internet. Therefore, when coordinating the policies of decentralization and innovation incentive, the government should highlight the premise of supervision of innovation, strengthen the barriers of rules, intensify the systematicness, coordination and precision of policy design, and avoid an across-the-board approach. We should speed up the reform of decentralization, so that the “dividend”of the reform will take root in the innovation field of high-tech enterprises as soon as possible.
MA Shengli,JIANG Bo. A Study on the Influence of Decentralization on Innovation Quality of China's High-tech Enterprises. Economic Survey, 2021, 38(6): 093.
2021, Vol. 38 
