Ziyuan Kexue (Apr 2023)
Impact of the public service platform policy for the new material industry on “stuck neck” technological innovation of enterprises
Abstract
[Objective] Breaking through the “stuck neck” technological bottlenecks of new materials is of great strategic significance for cracking the “low-end locking” of China’s manufacturing industry in the global value chain. As an important measure to promote the development of new material industry, whether the recent national public service platform policy for the new material industry can promote the innovation of enterprises on the “stuck neck” technologies urgently needs to be studied. [Methods] Taking the Chinese A-share listed new material companies from 2010 to 2021 as samples, this study examined the impact of the public service platform policy on “stuck neck” technological innovation of new material companies by constructing a multiple difference-in-differences method, and explored the mechanism of policy action using the structural framework of the technological innovation system (TIS) for reference. [Results] (1) The public service platform policy has promoted the “stuck neck” technological innovation of new material enterprises in locations where the platform policy has been implemented. (2) The policy mainly promoted the “stuck neck” technological innovation of enterprises through four mechanisms: promoting the gathering of talents, strengthening the protection of intellectual property rights, reducing internal and external transaction costs, and deepening the cooperation between industry and education and research institutions on basic research. (3) When an enterprise is in a mature stage, its main business is a sub-industry of key strategic materials, it is located in an industrial cluster, and the nature of property rights is state-owned, the incentive effect of the platform policy on “stuck neck” technological innovation is more significant. [Conclusion] The research shows that the construction of public service platform is an effective means to promote the technological innovation of the “stuck neck” of new material enterprises, and in the future, the policy should be further optimized and improved around the conditions of innovation resource agglomeration, innovation environment optimization, and innovation network construction required for “stuck neck” innovation, while paying attention to categorical and precise policies.
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