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- W4207085031 abstract "Firm’s inter-regional investments are crucial carriers of capital flows between cities, transforming information resources into innovation capabilities. Based on the listed companies’ inter-regional investments data and patent data in China during 2009-2018, the mechanism of the inter-regional investments in technological catch-up and the heterogeneity in different samples have been investigated via the two-stage least squares regression. The results show that: (a) Inter-regional investments enhance the innovation capability, narrow the technological distance, and play a more significant role than foreign capital; (b) Technological catch-up is achieved through independent innovation, the transmission mechanism of imitative innovation does not hold; (c) When there is no market segmentation, the role of inter-regional investments on technological catch-up is realised entirely through independent innovation. Segmentation hinders the technological catch-up process; (d) The partial mediating effect of the manufacturing industry on technological catch-up holds, while in non-manufacturing industries, it is not significant. Inter-regional investments are important for the improvement of local innovation capacity and for China's catching up with the world's technological frontiers." @default.
- W4207085031 created "2022-01-26" @default.
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- W4207085031 date "2022-01-25" @default.
- W4207085031 modified "2023-09-24" @default.
- W4207085031 title "Does inter-regional investment by publicly listed companies promote local technological catch-up? A study of the mediation effects of patents in China" @default.
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- W4207085031 doi "https://doi.org/10.1080/09537325.2022.2030469" @default.
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