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Who innovates in China? The impact of ownership on the innovation process in transition economies

Colacicco, Ambra LU (2012) EKHR31 20121
Department of Economic History
Abstract
This study aims to investigate on the innovation performance of companies from an ownership prospective with a focus on state ownership performance and governmental soft budget constraints. Using the 2005 World Bank database on 2400 Chinese firms, we find considerable variation in measure of performance across ownership types. Public ownership, despite taking advantages of soft budget constrains, results to perform poorly in internal innovation (acquisition of new patents, R&D investment, creation of new products) and external innovation (implementation of new business process and new managerial techniques) while private firms and publicly listed companies are more innovative. The current study has two principal contributions: it offers a... (More)
This study aims to investigate on the innovation performance of companies from an ownership prospective with a focus on state ownership performance and governmental soft budget constraints. Using the 2005 World Bank database on 2400 Chinese firms, we find considerable variation in measure of performance across ownership types. Public ownership, despite taking advantages of soft budget constrains, results to perform poorly in internal innovation (acquisition of new patents, R&D investment, creation of new products) and external innovation (implementation of new business process and new managerial techniques) while private firms and publicly listed companies are more innovative. The current study has two principal contributions: it offers a broaden view on the main ownership forms in China, while previous studies narrow research just on one type, and draws the attention to soft budget constrains and innovation drive. (Less)
Please use this url to cite or link to this publication:
author
Colacicco, Ambra LU
supervisor
organization
course
EKHR31 20121
year
type
H1 - Master's Degree (One Year)
subject
keywords
Innovation, Ownership, R&D Investments, Soft Budget Constraint
language
English
id
3327054
date added to LUP
2013-01-25 08:41:03
date last changed
2013-01-25 08:41:03
@misc{3327054,
  abstract     = {{This study aims to investigate on the innovation performance of companies from an ownership prospective with a focus on state ownership performance and governmental soft budget constraints. Using the 2005 World Bank database on 2400 Chinese firms, we find considerable variation in measure of performance across ownership types. Public ownership, despite taking advantages of soft budget constrains, results to perform poorly in internal innovation (acquisition of new patents, R&D investment, creation of new products) and external innovation (implementation of new business process and new managerial techniques) while private firms and publicly listed companies are more innovative. The current study has two principal contributions: it offers a broaden view on the main ownership forms in China, while previous studies narrow research just on one type, and draws the attention to soft budget constrains and innovation drive.}},
  author       = {{Colacicco, Ambra}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Who innovates in China? The impact of ownership on the innovation process in transition economies}},
  year         = {{2012}},
}