The Impact of U.S.Export Controls on Chinese Enterprise Innovation
Export control is one of the important tools of U.S.technological suppression against China,this paper takes the panel data of 1360 A-share listed companies in China from 2012 to 2022 as a sample,and applies the zero-inflated negative binomial model to empirically test the impact of U.S.export control on Chinese corporate innovation,then verifies the moderating effect of R&D subsidies and quality of R&D personnel on this from the perspectives of governmental support and human resource strategy in the further analysis.The study finds that export control has a significant positive impact on technological innovation of Chinese enterprises,and the conclusion still holds after a series of robustness tests.R&D subsidies and the quality of R&D personnel strengthen the above relationship between export control and enterprise innovation;and in the heterogeneity analysis,it is found that R&D subsidies have a positive moderating effect on the innovation activities of non-state-owned enterprises and high-tech industries,and the quality of R&D personnel has a positive moderating effect on non-state-owned enterprises,but the moderating effect does not differ much between industries.The findings of this paper expand the understanding of the impact of export control on Chinese technological innovation,and also provide a useful reference for China to get rid of the dilemma of technological restriction.
万方数据
维普
