Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)

Civil-Military Integration and Technical Innovation of Private Listed Companies

Authors
Renfang Liu, Xianping Zhou, Guyue Xiang
Corresponding Author
Renfang Liu
Available Online 7 January 2020.
DOI
https://doi.org/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/).

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Volume Title
Proceedings of the 5th International Conference on Economics, Management, Law and Education (EMLE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
7 January 2020
ISBN
978-94-6252-878-9
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.191225.048How to use a DOI?
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/).

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  - https://doi.org/10.2991/aebmr.k.191225.048
ID  - Liu2020
ER  -