Analysis of Enterprises' Technological Innovation Paths Under the Impact of Industrial Policies ——Evidence from Enterprises Involved in Centralized Procurement
Feng Yuqi1 ,Liu Li1,2, Yuan Xilin1,3
1. School of Economics and Management, Southeast University, Nanjing 211189, China; 2. National Key Laboratory of Low-Carbon and Intelligent Coal-Fired Power Generation and Ultra-Clean Emission (Southeast University), Nanjing 211189, China; 3. Institute for Scientific and Technical Information, Southeast University, Nanjing 211189, China
Abstract:The impact of industrial policies on innovation varies among different enterprises,and analysing the innovation paths of enterprises under the established policies can provide practical insights for enterprises to optimise their innovation paths and for the government to improve industrial policies.Focusing on the pharmaceutical industry and taking the national centralized drug procurement policy as an example,the paper selects seven batches of selected listed companies within five years of the policy's implementation as research samples.Based on the TOE theory,it proposes six factors affecting the innovation of the selected companies:research and development (R&D)intensity,digital technology application level,internal R&D personnel,external cooperation,market competition,and government subsidies.On this basis,NCA and fsQCA are used to explore the interaction between these six antecedent factors and innovation of the selected enterprises in centralized procurement.A certain degree of external cooperation and government subsidy are necessary conditions for high innovation performance of the selected enterprises in centralized procurement,and the latter is more important than the former;there are three types of configurations of these selected listed companies to achieve high innovation performance,namely “innate endowment”, “synergy”and “self-motivation”.Meanwhile,there are also five configurations that lead to non-high innovation performance;the selected enterprises can only achieve innovation by deploying and linking the three dimensions of technology,organisation and environment on demand.
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