Research on the impact of construction of G60 S&T innovation corridor on the dual innovation of enterprises in the Yangtze River Delta:A perspective of innovation chain
Research on the impact of construction of G60 S&T innovation corridor on the dual innovation of enterprises in the Yangtze River Delta:A perspective of innovation chain
Regional S&T(S&T)innovation corridor serves as a crucial pathway for optimizing allocation of innovation elements and acts as a wellspring for driving technological innovation in enterprises.Based on the innovation chain perspective,this paper took the pilot G60 S&T innovation corridor in the Yangtze River Delta as a quasi-natural experiment and selected Chinese A-share listed companies from 2010-2021 as the research sample.We used the differences-in-differences model to explore the path and effect of the G60 S&T innovation corridor on the dual innovation of enterprises.The research results indicated that joining the G60 S&T innovation corridor significantly promotes both substantive and strategic innovation of enterprises,with a greater incen-tive effect on substantive innovation.The mechanism study revealed that construction of the S&T innovation corridor mainly en-hances the innovation effect of enterprises through two channels:easing financing constraints and optimizing human capital.The heterogeneity analysis showed that the incentive effect of the G60 S&T innovation corridor on enterprises'dual innovation is more prominent in small-scale enterprises,non-state-owned enterprises,and enterprises with high absorption capacity.This paper has not only provided some empirical guidance for China to steadily promote the construction of the S&T innovation corridor and the improvement of the supporting system of the innovation chain but also offered some practical references for guiding the independ-ent innovation of Chinese enterprises.
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