Research On The Impact Of The "The Belt And Road" Initiative On Enterprise Innovation Quality

Under the background of building a new development pattern and reshaping the global industrial and supply chain,promoting the high-quality development of enterprises has become an important strategic task in the development of China’s national economy,and improving the quality of enterprise innovation is the most critical link of the high-quality development of enterprises.Based on this,this paper analyzes the problems existing in the innovation quality of enterprises,and puts forward corresponding countermeasures.China’s enterprise innovation is faced with the dilemma of "considerable quantity and lame quality." The Belt and Road Initiative has effectively provided new opportunities and platforms for enterprises,and effectively promoted the efficient allocation of resources and the deep integration of markets.Based on this background,whether the Belt and Road Initiative has a positive impact on the innovation quality of Chinese enterprises has become a subject in urgent need of research.Therefore,it is of both theoretical and practical significance to study its internal logic and influence mechanism.This paper takes the data of A-share listed companies in Shanghai and Shenzhen from 2009 to 2021 as the research sample,and on the basis of a comprehensive study of the connotation of enterprise innovation quality,establishes an enterprise innovation quality evaluation system including innovation input quality,patent output quality and achievement transformation quality.Based on the theoretical basis of the Belt and Road Initiative and enterprise innovation quality,this paper constructs the DID model to study the impact and mechanism of the Belt and Road Initiative on enterprise innovation quality.The results show that:(1)The Belt and Road Initiative has a significant positive impact on the quality of enterprise innovation and adopts a variety of robustness test methods to eliminate the possibility of identification bias in the empirical study.(2)In the heterogeneity test,it is found that: in terms of enterprise scale,the promotion effect on large enterprises is more significant;In terms of location characteristics,the promotion effect on the innovation quality of enterprises in the eastern and central regions is greater than that in the western region;In terms of industry,it has significantly improved the quality of enterprise innovation in manufacturing,information technology,real estate and other industries.(3)The impact mechanism of the Belt and Road Initiative on improving the innovation quality of Chinese enterprises is tested,and the analysis results of the moderating effect show that state-owned enterprises,corporate export and institutional shareholding enhance the improving effect of the Belt and Road Initiative on the innovation quality of enterprises,while financing constraints weaken the improving effect of the Belt and Road Initiative on the innovation quality of enterprises.Based on the research conclusions,the following suggestions are proposed: the state should promote the development of the Belt and Road Initiative into a highquality regional cooperation platform,and increase the support for western enterprises,small and medium-sized enterprises and enterprises in basic industries;Enterprises should take the initiative to participate in the Belt and Road Initiative,stride forward to a higher level of opening-up and step-up innovation.The research of this paper provides some experience and enlightenment for promoting the highquality development of the Belt and Road,seizing the high-end link of the value chain,and then building an innovation power.