Research Article | OPEN ACCESS
Research on Chinese Enterprise Technological Innovation and Product Competitiveness
1Shanhui Wang, 1Zongjun Wang, 1Qishen Zhou and 2Qing Zhang
1School of Management, Huazhong University of Science and Technology, Wuhan 430074, China
2China Center for Information Industry Development, Beijing 100084, China
Research Journal of Applied Sciences, Engineering and Technology 2013 15:2699-2705
Received: September 12, 2012 | Accepted: October 09, 2012 | Published: August 20, 2013
Abstract
This study aims to investigate the influence of product competitiveness on the technological innovation in Chinese enterprises. The investigation starts from micro-level enterprises and the samples comes from the non-financial sectors of Shanghai and Shenzhen listed companies during 2002-2012. Novel simultaneous equations have been established based on the Hausman simultaneous test analysis to examine whether there is endogenous between innovation and competition and also test the bidirectional relationship of product market competition and enterprise innovation. The analysis results show that excessive competition would dampen the enthusiasm of innovation and influence the improvement of enterprise technological innovation. Excessive monopoly makes the companies generate a scene of complacency and reduces technological innovation. Therefore, there exists U-shipped relationship between product competition and enterprise technological innovation. In addition, variables about enterprise characteristics and governance also show influence on the technological innovation. Based on the above conclusions, some recommendations have been proposed to improve the technological innovation of Chinese listed companies.
Keywords:
Chinese listed companies, product-market competition, technological innovation,
Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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