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Political genes drive innovation: Political endorsements and low-quality innovation

Structural Change and Economic Dynamics, ISSN: 0954-349X, Vol: 60, Page: 407-417
2022
  • 7
    Citations
  • 0
    Usage
  • 23
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    7
    • Citation Indexes
      7
  • Captures
    23

Article Description

Drawing on institutional theory and resource dependent theory, this study proposed that political endorsement of a firm, playing as political genes, restrains it from pursuing the low-quality innovation. Using data on 2406 Chinese listed companies spanning from 2008 to 2016, we find that the political endorsement significantly inhibits low-quality innovation. That inhibition is stronger among firms with more slack resources and weaker in provinces with greater market liberalization. Our findings provide contributions on the low-quality innovation from political perspective, and benefit for the innovation implications.

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