Research on US high-tech export controls and innovation performance of China's enterprises——Taking 33 regulated listed companies from 2018 to 2022 as an example
This paper takes high-tech listed companies on the US export control entity list from 2018 to 2022 as the experimental group,and China's manufacturing listed companies from 2016 to 2022 as the control group,to analyze the impact of US high-tech export controls on the innovation performance of China's controlled enter-prises.The results indicate that US high-tech export controls can significantly improve the quality and efficiency of innovation output of China's controlled firms,and the conclusion passes the multiple robustness tests;Consid-ering the heterogeneity of enterprises,it is found that the effect of US high-tech export control on the innovation performance of controlled enterprises is more significant in large-scale enterprises and state-owned enterprises;By examining the differences of the anti-driving effect,it is found that the anti-driving effect of US high-tech ex-port control on the innovation performance of China's regulated firms is reflected in the quality of innovation with"breakthrough innovation"rather than the quantity of innovation with"progressive innovation".Based on the research findings,this paper puts forward the relevant countermeasures and suggestions.
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