Policy-mix and SME innovation: Evidence from China.
The question of whether and how innovation policy can effectively influence innovation in small and medium-sized enterprises (SMEs) has received limited attention in academic research. This study takes a first step towards filling this gap by examining how innovation policy and policy mixes influenc...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2025-01-01
|
| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0319080 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849732590896939008 |
|---|---|
| author | Kai Zhao Haonan Shan Yu Gao |
| author_facet | Kai Zhao Haonan Shan Yu Gao |
| author_sort | Kai Zhao |
| collection | DOAJ |
| description | The question of whether and how innovation policy can effectively influence innovation in small and medium-sized enterprises (SMEs) has received limited attention in academic research. This study takes a first step towards filling this gap by examining how innovation policy and policy mixes influence innovation in SMEs. This paper takes China's National Equities Exchange and Quotations (NEEQ) listed enterprises from 2011 to 2020 as the research sample, and uses the Multi-Level Treatment Effect (MLTE) model to investigate the actual impact of different innovation policies on Small and Medium-sized Enterprise innovation and the heterogeneity of policy effects from the perspective of substantive and strategic innovation. It is found that innovation policies can obviously improve the innovation of SMEs, in particular the substantive innovation, and the effect of policy-mix in stimulating SME innovation is stronger than that of single innovation policy. SMEs that show "strong motivation" and "high ability" in innovation are more likely to be favored by relevant government agencies, and have a greater probability of becoming the implementation targets of innovation policies. As far as single innovation policies are concerned, government subsidy is better than tax incentive for high-tech SMEs, while tax incentive has a stronger role in promoting innovation than government subsidy for non-high-tech SMEs. By illuminating these differentiated impacts and the conditions under which innovation policies are most effective, this work not only advances our fundamental understanding of policy-driven innovation ecosystems but also offers actionable guidance to policymakers seeking to optimize the allocation of support to foster transformative innovation in the SME sector. |
| format | Article |
| id | doaj-art-ffdfb94d0e1e406f8b99dc93f4d6e144 |
| institution | DOAJ |
| issn | 1932-6203 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj-art-ffdfb94d0e1e406f8b99dc93f4d6e1442025-08-20T03:08:18ZengPublic Library of Science (PLoS)PLoS ONE1932-62032025-01-01202e031908010.1371/journal.pone.0319080Policy-mix and SME innovation: Evidence from China.Kai ZhaoHaonan ShanYu GaoThe question of whether and how innovation policy can effectively influence innovation in small and medium-sized enterprises (SMEs) has received limited attention in academic research. This study takes a first step towards filling this gap by examining how innovation policy and policy mixes influence innovation in SMEs. This paper takes China's National Equities Exchange and Quotations (NEEQ) listed enterprises from 2011 to 2020 as the research sample, and uses the Multi-Level Treatment Effect (MLTE) model to investigate the actual impact of different innovation policies on Small and Medium-sized Enterprise innovation and the heterogeneity of policy effects from the perspective of substantive and strategic innovation. It is found that innovation policies can obviously improve the innovation of SMEs, in particular the substantive innovation, and the effect of policy-mix in stimulating SME innovation is stronger than that of single innovation policy. SMEs that show "strong motivation" and "high ability" in innovation are more likely to be favored by relevant government agencies, and have a greater probability of becoming the implementation targets of innovation policies. As far as single innovation policies are concerned, government subsidy is better than tax incentive for high-tech SMEs, while tax incentive has a stronger role in promoting innovation than government subsidy for non-high-tech SMEs. By illuminating these differentiated impacts and the conditions under which innovation policies are most effective, this work not only advances our fundamental understanding of policy-driven innovation ecosystems but also offers actionable guidance to policymakers seeking to optimize the allocation of support to foster transformative innovation in the SME sector.https://doi.org/10.1371/journal.pone.0319080 |
| spellingShingle | Kai Zhao Haonan Shan Yu Gao Policy-mix and SME innovation: Evidence from China. PLoS ONE |
| title | Policy-mix and SME innovation: Evidence from China. |
| title_full | Policy-mix and SME innovation: Evidence from China. |
| title_fullStr | Policy-mix and SME innovation: Evidence from China. |
| title_full_unstemmed | Policy-mix and SME innovation: Evidence from China. |
| title_short | Policy-mix and SME innovation: Evidence from China. |
| title_sort | policy mix and sme innovation evidence from china |
| url | https://doi.org/10.1371/journal.pone.0319080 |
| work_keys_str_mv | AT kaizhao policymixandsmeinnovationevidencefromchina AT haonanshan policymixandsmeinnovationevidencefromchina AT yugao policymixandsmeinnovationevidencefromchina |