IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v82y2024icp846-864.html
   My bibliography  Save this article

Government innovation awards, innovation funds acquisition and enterprise innovation

Author

Listed:
  • Li, Yunjian
  • Chen, Jiawen
  • Li, Li
  • Huang, Xiaojun

Abstract

Government innovation awards (GIAs) are not only important science and technology (S&T) policies for stimulating innovation but also serve as innovation honors for enterprises. Based on signaling theory and expectancy-value theory, we construct an enterprise innovation reputation model, consider GIAs as a signal of innovation reputation, and empirically analyze how GIAs affect enterprise innovation. The findings confirm that GIAs can promote enterprise innovation and that enterprises’ high-quality innovation is more strongly promoted than their low-quality innovation. As a signal of innovation reputation, GIAs can help enterprises obtain external government S&T funds and S&T financial funds. The results show that government S&T funds acquisition plays a significant mediating role between GIAs and enterprise innovation output. These findings reveal the effect and micro mechanism of GIAs on enterprise innovation, can help deepen the understanding of innovation reputation and enterprise high-quality innovation, and can provide implications for innovation awards and financial policy-making.

Suggested Citation

  • Li, Yunjian & Chen, Jiawen & Li, Li & Huang, Xiaojun, 2024. "Government innovation awards, innovation funds acquisition and enterprise innovation," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 846-864.
    • Handle: RePEc:eee:ecanpo:v:82:y:2024:i:c:p:846-864
    DOI: 10.1016/j.eap.2024.04.021
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0313592624001048
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2024.04.021?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Government innovation awards; Government S&T funds acquisition; S&T financial funds acquisition; Enterprise innovation; Innovation reputation;
    All these keywords.

    JEL classification:

    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:82:y:2024:i:c:p:846-864. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.