Civil-Military Integration and Technical Innovation of Private Listed Companies

DOI

10.2991/aebmr.k.191225.048How to use a DOI?

Keywords

civil-military integration, military industry qualification, technical innovation, difference-in-difference approach

Abstract

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.

Copyright

© 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/).

Download article (PDF)

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  -