BIROn - Birkbeck Institutional Research Online

    Ownership and firm innovation in a transition economy: evidence from China

    Choi, S.B. and Lee, Soo Hee and Williams, C. (2011) Ownership and firm innovation in a transition economy: evidence from China. Research Policy 40 (3), pp. 441-452. ISSN 0048-7333.

    Full text not available from this repository.

    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.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): Innovation performance, ownership structure, China, business groups, corporate governance
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Depositing User: Administrator
    Date Deposited: 17 Feb 2011 11:08
    Last Modified: 17 Apr 2013 12:20
    URI: http://eprints.bbk.ac.uk/id/eprint/3077

    Statistics

    Downloads
    Activity Overview
    0Downloads
    191Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item