Topic: The Role of Government in Firm Innovations in China’s Transitional Economy
Speaker: Bilian Ni Sullivan, Department of Management, HKUST
Time: Friday, 8 August, 10:00-11:30
Location: Room217 , Guanghua Building 2
Abstract:
The impact of government policies on firm innovation has long been a debated question. While some have argued that government interventions are not conducive to firm innovations because government is less capable and disciplined than the market in coordinating innovative activities, others believe that government can provide incentives to firm innovation since markets fail to do so. We argue that the impact of government policies on firm innovation can be contingent on institutional context and firm characteristics. In a context of transitional economies such as China, where resource constraints, weak legal enforcement, and lack of innovation as a social norm impede firm innovation, we argue that government innovation policies can enhance firm innovation by providing the institutional support to mitigate uncertainties surrounding innovation activities and propelling firms to comply with government
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