Abstract
Drawing on signaling theory, peer effect, and the awareness-motivation-capability (AMC) framework, we examine the role of strategic emerging industries (SEI) firms in raising the awareness and motivation of non-SEI firms’ R&D activities, including gaining government R&D subsidies and adopting internal R&D investment, while considering the moderate effect of non-SEI firms’ capability factor. Based on the data of Chinese listed firms from SEI and non-SEI, the empirical results reveal that (a) the number of SEI firms funded by government R&D has an inverted U-shape relationship with the amount that non-SEI firms gain from government R&D subsidies, and has a positive relationship with the investment of non-SEI firms on internal R&D. (b) The financial performance of SEI firms funded by government R&D motivates non-SEI firms to gain government R&D subsidies and invest in internal R&D. (c) These relationships are strengthened by the relative scale of the non-SEI firms.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
