Government Audit and Industry-university-research Co-innovation of State-owned Enterprises
Industry-university-research(IUR)cooperation is an important approach for firms to break through the constraints of their own innovation resources and capabilities.State-owned enterprises(SOEs)develop IUR cooperation in favour of enhancing their key responsibility of high-level scientific and technological innovation.The benchmark test finds that government audit can help SOEs improve the quantity and quality of IUR co-innovation.The mechanism test reveals that government audit promotes IUR co-innovation by increasing managements'willingness to take risks and enhancing the information transparency.In addition,the heterogeneous analysis shows the promotion effects of government audit on IUR co-innovation are more significant in firms with CEOs lack of academic experience,higher managerial myopia and higher concentrated industries.Further,the extended analysis finds that government audit can promote IUR co-innovation of SOEs under different cooperation models and innovation types.What's more,government audit has a synergistic effect with government's innovation attention and public scrutiny.Government audit has a spillover effect on the IUR co-innovation of unaudited state-owned enterprises with chain directors of the audited enterprises,and promotes the innovation of universities in the same region.The study provides insights for the deeper integration of IUR and higher level of scientific and technological self-reliance.
government auditindustry-university-researchco-innovation
NETL
NSTL
万方数据
