How Does the Chain Leader Policy"Chain"Enterprise Technological Innovation
In recent years,due to frequent external shocks,China's industrial chains have become fragile and unstable.The underlying issue behind the phenomenon of industrial chain instability lies in the insufficient innovation capabilities of enterprises.Can the chain leader policy,a new policy for industrial chain governance,not only stabilize the industrial chain and help enterprises get out of the predicament of"external threats"but also further address the"internal concerns"of enterprises,strengthen their innovation vitality,and achieve the effect of"addressing both the symptoms and root causes"of industrial chain instability?An in-depth exploration of the above issues will not only clarify the potential role of the chain leader policy in coordinating multi-level strategy but also provide theoretical and empirical support for promoting the strategic synergy between improving the resilience and safety of industrial and supply chains and constructing a system and mechanism that supports comprehensive innovation.This study first puts forward the core hypotheses based on the theoretical analysis.Subsequently,it tests the effect of the chain leader policy on enterprise technological innovation.This study finds that the chain leader policy has a significant promoting effect on enterprise technological innovation.The mechanisms are mainly manifested at two levels:the industrial chain level and the enterprise level.At the industrial chain level,the chain leader policy improves the stability of the industrial chain by alleviating the"bullwhip effect"within the industrial chain and solidifying the supply-demand relationship between the upstream and downstream,thus promoting the technological innovation of enterprises.At the enterprise level,the chain leader policy empowers enterprise innovation by alleviating the financing constraints of enterprises,reducing the uncertainty of enterprise innovation,and attracting R&D personnel,thereby promoting the technological innovation of enterprises.The heterogeneity analysis reveals that the promoting effect of the chain leader policy on enterprise technological innovation is more significant in regions with a better business environment,industries with higher competition,and enterprises whose ownership nature is state-owned.Further discussion reveals that the chain leader policy can promote the key and core technologies,effectively alleviating the dilemma of key technologies being"strangled".The marginal contributions of this study are as follows.Firstly,this paper provides a novel perspective for examining the innovation effects of industrial chain governance policies under industrial chain instability.It offers theoretical and empirical support for the strategic synergy between the system for enhancing the security of industrial chains and the institutional mechanisms that support comprehensive innovation.Secondly,this paper not only studies the mechanism and effect of the chain leader policy on enterprise technological innovation at the enterprise level but also examines the mechanism and effect of the chain leader policy on enterprise technological innovation at the industrial chain level.This expands the channels through which the chain leader policy affects enterprise technological innovation,contributing to the improvement of relevant theories of the chain leader policy.Finally,this study identifies not only the general innovation effects of the chain leader policy but also the innovation effects in key core technologies,thus strengthening the practical significance of policy discussions.
chain leader policyenterprise technological innovationstability of the industrial chainkey core technologies
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