A Study on the Impact of the Establishment of National Sports Industry Demonstration Bases on the Innovation of Sports Enterprises—An Empirical Analysis Based on Multi-period DID
As a significant platform for cultivating leading sports enterprises and incubating"specialized,refined,unique,and innovative"sports companies,the national sports industry demonstration bases have evolved into a strategic highland that promotes in-depth innovation practices and forges innovative achievements for sports enterprises.Using a micro-sample data-base of 105 sports companies listed on the A-share market and those listed on the New Third Board,this study employs a multi-period difference-in-differences method to examine the im-pact of the establishment of the national sports industry demonstration bases on sports enter-prise innovation from 2016 to 2022.The results indicate that:1)The establishment of the nation-al sports industry demonstration bases can effectively enhance the level of innovation in sports enterprises;2)the national sports industry demonstration bases significantly improve the innovation efficiency of sports enterprises through the intermediary effects of fiscal subsidies and driving digital transformation,while the intermediary effect of knowledge spillover is not significant;3)the establishment of the national sports industry demonstration bases have heterogeneity in its impact on sports enterprise innovation,with a more pronounced incentive effect on the innova-tion of enterprises in the eastern region,manufacturing-type,and small and medium-sized sports enterprises.Recommendations include:1)Emphasizing talent introduction and cultivation,in-creasing the proportion of highly skilled labor,and strengthening the construction of research-oriented management teams to improve the quality of knowledge spillover in sports enterprises;2)strengthening the development of industrial clusters,creating new growth points in the indus-trial chain,accelerating the effectiveness of innovation policies to promote the continuous inno-vation of sports enterprises in the central and western regions;3)deepening the innovation syn-ergy between sports manufacturing and sports services,building a comprehensive innovation system,and promoting platform-based innovation to enhance the innovation level of sports ser-vice enterprises;4)cultivating industry-leading enterprises,strengthening the protection mecha-nism for intellectual property rights,and deepening industry-university-research cooperation to enhance the innovation strength of large sports enterprises.
national sports industry demonstration basessports enterprisesmediating effect
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