A Study On The Effect Mechanism Of Government Support For Talent Policy On Enterprises’ Innovation

Talents are the key resource for enterprises and countries to achieve sustainable development and maintain competitive advantage.The talent policy has become an important way for the government to support enterprises’ innovation.However,the intervention of government public policy in enterprises’ innovation activities is still controversial.Some empirical studies based on industrial policy have found that government support leads to resource and signaling effects to promote enterprises’ innovation.But some studies have also found that enterprises’ innovations are strategic and even rent-seeking;government support may " squeeze out" enterprises’ R&D investment.Will there be similar results to the implementation of government support for talent policy(GSTP)as for industrial policy? How will the GSTP,with its targeting of dynamic talent,be different from other government support instruments?Unfortunately,the current literature is relatively lacking in empirical evidence to verify the relationship between GSTP and enterprises’ innovation based on large samples,and lacking in discussion on the effect mechanisms between the both.To address the gaps in the research literature,the dissertation pioneerly screened12092 GSTP items from the government subsidy items in CSMAR database.Based on the ability-motivation-opportunity(AMO)goal framework in the human resource field,the talent policy subsidies are categorized into A domain GSTP variables involving talent recruitment and training,etc.,and M domain GSTP variables involving talent compensation and incentives,etc.After that,the causal relationship between GSTP and enterprise innovation was empirically verified based on a large sample of 27621 firm-year data of A-share listed companies from 2010-2019.Based further on the organizational behavior perspective,the dissertation attempts to construct a theoretical model of the path of GSTP impact on enterprise innovation and individual behavior,and empirically validates it based on the questionnaire dataset of technology-based enterprises.Ultimately,the main findings of the dissertation are as follows.(1)The GSTP has a causal effect on enterprise innovation by providing financial,human and motivational incentives for innovation.The GSTP also has a signaling effect on enterprise innovation,which not only has the so-called government "certification" effect,but also reduces the asymmetry in information about the quality of talent.The GSTP also has a threshold effect on enterprise innovation based on the regional institutional environment.When the regional marketability index is higher than 6.75,the GSTP significantly promotes substantive innovation rather than strategic innovation of enterprises.GSTP is heterogeneous,with non-state enterprises and manufacturing industries being more sensitive to GSTP.Further extended analysis reveals that industry competition negatively moderates the relationship between GSTP and enterprise innovation;enterprise growth and the proportion of high-level talents positively moderate the relationship between GSTP and enterprise innovation;GSTP can perform better in the eastern region and cannot play a significant role in the western region.Under various scenarios and tests,GSTP has a significant and stable impact on enterprises’ invention-based patents,which indicates that GSTP is a relatively "high quality" choice of government support.(2)GSTP impacts enterprises’ innovation through the path of organizational intellectual capital,and human capital and social capital fully mediate the relationship between GSTP and enterprises’ innovation;within intellectual capital,human capital has an antecedent driving role on social and organizational capital and can mediate the impact of GSTP;organizational HRM practitioners have an important pivotal role and their innovative work behavior can mediate the impact of GSTP on organizational intellectual capital.(3)The dissertation also examines the psychological mechanism pathway of GSTP impacting individual behavior,and finds that innovative attitude and perceived behavioral control can fully mediate the impact of GSTP on individual innovative intention;GSTP has a direct effect on individual innovative work behavior.And the path of perceived behavioral control,innovation intention can distally mediate the relationship between GSTP and innovative work behavior.The dissertation may have the following contributions:(1)The dissertation expands the scope and framework of research on government talent policy.In contrast to the current literature,which has more qualitative analysis around talent policy alone,this study expands the scope of research on talent policy by empirically examining the causal effect of GSTP on enterprise innovation using large sample data.By introducing multiple variable relationships,the dissertation examines the possible relationship between GSTP and enterprise innovation at the empirical level and expands the research framework of talent policy.(2)The dissertation pioneered the construction of a microeconomic empirical level GSTP measurement variable and the development of a micro questionnaire level variable measurement scale,which provides an important conceptual reference and quantitative basis for subsequent empirical studies and cross-sectional studies.The construction of this "new" conceptual variable may help to open some "black boxes" in previous related studies from the empirical level.(3)The dissertation systematically theorizes and empirically validates "whether" and "how" GSTP affects enterprise innovation and individual behavior.By analyzing the mechanisms and paths of effects,the dissertation provides important theoretical and empirical evidence for understanding the relationship between GSTP and enterprise innovation.And it also provides data support and decision reference for governmental talent policy implementation.