Civil-Military Integration and Technical Innovation of Private Listed Companies
- 10.2991/aebmr.k.191225.048How to use a DOI?
- civil-military integration, military industry qualification, technical innovation, difference-in-difference approach
Civil-military integration policy has been raised to a national strategy. The Four Military Qualification Certificates are used to measure the level of civil-military integration. Using the data of listed firms from 2001 to 2018 based on difference-in-difference method, we find that civil-military integration significantly increases the R&D investment and substantially improves the innovation level of private enterprises, thereby promoting enterprises’ technological innovation. Moreover, the R&D investment of enterprises is affected by the “civil-military integration” policies, and the promotion effect of substantial innovation of enterprises will appear “crowding out effect”, but this effect will be diluted over time. Furthermore, policy suggestions and implications for civil-military integration are given.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Renfang Liu AU - Xianping Zhou AU - Guyue Xiang PY - 2020 DA - 2020/01/07 TI - Civil-Military Integration and Technical Innovation of Private Listed Companies BT - Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019) PB - Atlantis Press SP - 273 EP - 283 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.191225.048 DO - 10.2991/aebmr.k.191225.048 ID - Liu2020 ER -