著者

袁 媛

出版者

研究・イノベーション学会

雑誌

研究 技術 計画 (ISSN:09147020)

巻号頁・発行日

vol.36, no.4, pp.406-420, 2021-12-31 (Released:2022-03-15)

参考文献数

18

---

The purpose of this study is to analyze the impact of shareholder structure on the innovation activities of the firms by using the patent database and industrial enterprises database of China. In particular, we focus on the role of state-owned shareholders. The main results are as follows.First, there is a tendency that the central state-owned firms and local state-owned companies produce new products. However, we only observed the tendency of patent application and registration for central state-owned firms.Second, regarding the effect privatization on innovation, we find, that firms that have been privatized to private firms (hereafter: PPF), reduces the patent application or registration, tend to produce new product. However, we don't find any significant effect on firms that have been privatized to foreign companies (hereafter: PFF).Third, our analysis shows that firms with high competitive pressures from foreign companies, export firms, debt less firms, firms with large market share, firms with large asset size, elder firms, have a tendency of application, registration and new products.The results of this study, suggest that in China, leading-edge innovation was driven by state-owned firms, particularly state-owned firms which have strong supports from government, while new products that respond to the market needs are almost developed by the private firms.