Ownership and Firm Innovation in a Transition Economy: Evidence from China

Choi, S.B. and Lee, S.H. and Williams, C. (2011) Ownership and Firm Innovation in a Transition Economy: Evidence from China. Research Policy, 40 (3). pp. 441-452. ISSN 00487333 . (The full text of this publication is not available from this repository)

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Official URL
http://dx.doi.org/10.1016/j.respol.2011.01.004

Abstract

We examine innovation performance of firms in a transition economy from an ownership perspective. We focus specifically on the relationship between ownership structures and firm innovation performance. Drawing on data from 548 Chinese firms we find volume of patent registration to be most strongly influenced by foreign ownership in the firm along with firm affiliation within a business group. The influence of state and institutional ownership on innovation performance is positive but lagged. Contrary to expectations, insider ownership leads to lower innovation performance and concentrated ownership has no significant impact. Our study has two principal contributions. Firstly, we utilize a comprehensive treatment of ownership characteristics, overcoming weakness in previous studies that have used a more narrow focus on ownership type. Secondly, we contribute to understanding of how firms in transition economies build 'indigenous' capabilities for innovation by drawing attention to the interplay of foreign and domestic control of agents' innovation. © 2011 Elsevier B.V. All rights reserved.

Item Type: Article
Additional information: Unmapped bibliographic data: PY - 2011/// [EPrints field already has value set] AD - Department of Management, School of Business Administration, University of Ulsan, 102 DaeHak-ro, Nam-gu, Ulsan, South Korea [Field not mapped to EPrints] AD - Department of Management, Birkbeck College, University of London, Malet Street, London WC1E 7HX, United Kingdom [Field not mapped to EPrints] AD - Richard Ivey School of Business, University of Western Ontario, 1151 Richmond Street North, London, ON N6A 3K7, Canada [Field not mapped to EPrints] JA - Res Policy [Field not mapped to EPrints]
Uncontrolled keywords: Business groups, China, Corporate governance, Innovation performance, Ownership structure, Business groups, China, Corporate governance, Innovation performance, Ownership structure, Industrial management, Industry, Patents and inventions
Subjects: H Social Sciences
H Social Sciences > H Social Sciences (General)
Divisions: Faculties > Social Sciences > Kent Business School
Faculties > Social Sciences > Kent Business School > Industrial Relations/HRM
Depositing User: Cathy Norman
Date Deposited: 24 Sep 2012 09:29
Last Modified: 15 Oct 2012 09:51
Resource URI: http://kar.kent.ac.uk/id/eprint/30861 (The current URI for this page, for reference purposes)
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