Objective To study the effect of government R&D funding and enterprise R&D input on innovation efficiency of China’s pharmaceutical industry.Methods Based on the inter-provincial panel data of China’s pharma...Objective To study the effect of government R&D funding and enterprise R&D input on innovation efficiency of China’s pharmaceutical industry.Methods Based on the inter-provincial panel data of China’s pharmaceutical industry from 2009 to 2019,the stochastic frontier analysis method was used to study the influence of government R&D funding and enterprise R&D input on the innovation efficiency.Results and Conclusion With 1%increase in government R&D funding,the innovation efficiency of enterprises will increase by 0.122%.When R&D investment increases by 1%,innovation efficiency will increase by 0.169%.Both government R&D funding and enterprise R&D investment promote the innovation efficiency of pharmaceutical enterprises,but the increase of enterprise R&D investment contributes more to the improvement of pharmaceutical innovation efficiency.展开更多
April 11, 2007, SAC announced a survey on a standards system for enterprise energy efficiency. According to the announcement, 'Rules for the Composing of a Standards System for Enterprise Energy Efficiency'... April 11, 2007, SAC announced a survey on a standards system for enterprise energy efficiency. According to the announcement, 'Rules for the Composing of a Standards System for Enterprise Energy Efficiency' shall be developed based on the results of the survey. The rules are designed to better manage energy efficiency through standards and to give advice to companies on energy efficiency. In this way, China will be able to assist companies in energy efficiency on a more professional, strict, and comprehensive basis.……展开更多
Digital transformation stimulates enterprise development but its effects on zombification are uncertain.This study analyzed the efects of digital transformation on de-zombification among A-share listed Chinese compani...Digital transformation stimulates enterprise development but its effects on zombification are uncertain.This study analyzed the efects of digital transformation on de-zombification among A-share listed Chinese companies in Shanghai and Shenzhen Stock Exchanges from 2009 to 2021 and the mechanisms underlying those effects.The findings indicated that digital transformation facilitated enterprise de-zombification,with a stronger efect observed in state-owned enterprises,high-tech enterprises,firms in industries with low levels of competition,those with advanced digital transformation,and cities with high levels of government intervention.Further analysis identified improved production eficiency and capital allocation as important factors enabling this process.Enterprises at risk of zombification should prioritize digital transformation as a fundamental strategy for recovery.Governance strategies should be tailored to the specific characteristics of various types of zombie enterprises.The government may consider ofering financial or tax incentives to assist these firms in their digital transformation eforts,enabling them to overcome the challenges associated with zombification while enhancing both production eficiency and the efficacy of capital allocation.展开更多
基金Liaoning Science Public Welfare Research Fund(Soft Science Research Program)in 2022(No.2022JH4/10100040).
文摘Objective To study the effect of government R&D funding and enterprise R&D input on innovation efficiency of China’s pharmaceutical industry.Methods Based on the inter-provincial panel data of China’s pharmaceutical industry from 2009 to 2019,the stochastic frontier analysis method was used to study the influence of government R&D funding and enterprise R&D input on the innovation efficiency.Results and Conclusion With 1%increase in government R&D funding,the innovation efficiency of enterprises will increase by 0.122%.When R&D investment increases by 1%,innovation efficiency will increase by 0.169%.Both government R&D funding and enterprise R&D investment promote the innovation efficiency of pharmaceutical enterprises,but the increase of enterprise R&D investment contributes more to the improvement of pharmaceutical innovation efficiency.
文摘 April 11, 2007, SAC announced a survey on a standards system for enterprise energy efficiency. According to the announcement, 'Rules for the Composing of a Standards System for Enterprise Energy Efficiency' shall be developed based on the results of the survey. The rules are designed to better manage energy efficiency through standards and to give advice to companies on energy efficiency. In this way, China will be able to assist companies in energy efficiency on a more professional, strict, and comprehensive basis.……
基金supported by the Humanities and Social Sciences Foundation of Ministry of Education of China(No.24YJC790086)the Humanities and Social Sciences Foundation of Yunnan University(No.2023YNUGSP37)the Innovation Team Project of Philosophy and Social Sciences of Yunnan University.
文摘Digital transformation stimulates enterprise development but its effects on zombification are uncertain.This study analyzed the efects of digital transformation on de-zombification among A-share listed Chinese companies in Shanghai and Shenzhen Stock Exchanges from 2009 to 2021 and the mechanisms underlying those effects.The findings indicated that digital transformation facilitated enterprise de-zombification,with a stronger efect observed in state-owned enterprises,high-tech enterprises,firms in industries with low levels of competition,those with advanced digital transformation,and cities with high levels of government intervention.Further analysis identified improved production eficiency and capital allocation as important factors enabling this process.Enterprises at risk of zombification should prioritize digital transformation as a fundamental strategy for recovery.Governance strategies should be tailored to the specific characteristics of various types of zombie enterprises.The government may consider ofering financial or tax incentives to assist these firms in their digital transformation eforts,enabling them to overcome the challenges associated with zombification while enhancing both production eficiency and the efficacy of capital allocation.
