Exploring The Corporate Response Mechanism And Response Performance To Innovation Policy In Chinese Context

Under the guidance of national strategic plans of China,including the Outline of the National Medium-and Long-Term Program for Science and Technology,the “Made in China 2025” strategy,and the Outline of the National Strategy for Innovation-Driven Development,a series of innovation policies have been introduced by the central and local governments of China to support enterprises in carrying out innovation activities.In these innovation policies,a series of incentive measures,namely policy resources,have been proposed by the government to attract enterprises to respond to the innovation policies.What are the contents of these policy resources? How does the government give values to them? How will enterprises evaluate and obtain these policy resources? Can these policy resources enhance the ability of enterprises to innovate and bring economic benefits? Based on the innovation policies of the central,provincial,municipal,and district/county governments,the response mechanism and performance of enterprises to the innovation policies are studied combining the institutional theory,status-competition theory,socialcognition theory and attention-based view.There are four main findings.Firstly,there are many kinds of policy resources.The government increases the value of policy resources by creating a “screening and competition”policy atmosphere in innovation policies,so as to encourage enterprises to respond to government policies or select enterprises that meet the needs of the government to support the policy.Secondly,enterprises will response the innovation policies according to their own development needs and capabilities.Different enterprises have different innovation policies.Thirdly,the enterprise will increase the innovation resources after obtaining the policy resources.The acquisition of innovation resources is related to the improvement of enterprise innovation ability,and the enterprise scale positively moderates the relationship between policy resources and enterprise innovation performance.However,it is difficult for the policy resources to bring economic benefits to the enterprise in the short term.Lastly,the response mechanism and performance of enterprises to innovation policies follow the theoretical logic of “external institutional environment-enterprise behavior-enterprise performance”.This study has important theoretical contribution and practical enlightenment.Firstly,based on the policy background of four hierarchical level government innovation policies in China,this study takes the lead in exploring the connotation of policy resources,how the government endows policy resources with value,and how enterprises can actively obtain policy support,which provides a theoretical basis and new research direction for future scholars to carry out research on innovation policies and enterprise innovation capability.Secondly,this study introduces the concept of status competition theory and attention-based view to analyze the connotation and value giving mode of policy resources,and analyzes the response strategies and actions of enterprises to innovation policies from the perspective of enterprise initiative,which creates a new perspective of research on innovation policies and enterprise response mechanism,and responds to the theoretical appeal in the field of strategic management research.Thirdly,this study attempts to use the mixed methods research of “QUAL ? QUAN” logic to analyze the response mechanism and response performance of enterprises to innovation policies,and concludes that is more suitable for enterprise management research in China.This study believes that enterprises should actively respond to innovation policies according to their own capabilities in practice and objectives to obtain more policy resources,and then use policy resources to enhance enterprise innovation ability and create economic benefits.The governments at all hierarchical levels can set a variety of policy resources in innovation policies to select appropriate enterprises for policy support,strengthen the supervision of policies to ensure the effectiveness of policy resources,and help enterprises carry out market-oriented application of innovation achievements.