Research Article
Research on the Granular Economic Effect of Top Enterprises on Industry Innovation under External Shock
@INPROCEEDINGS{10.4108/eai.17-11-2023.2342658, author={Zhi Zheng and Zhenjian Li and Gang An}, title={Research on the Granular Economic Effect of Top Enterprises on Industry Innovation under External Shock}, proceedings={Proceedings of the 5th International Conference on Economic Management and Model Engineering, ICEMME 2023, November 17--19, 2023, Beijing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2024}, month={2}, keywords={external shocks; top firms; industry innovation; granular economic effects}, doi={10.4108/eai.17-11-2023.2342658} }- Zhi Zheng
Zhenjian Li
Gang An
Year: 2024
Research on the Granular Economic Effect of Top Enterprises on Industry Innovation under External Shock
ICEMME
EAI
DOI: 10.4108/eai.17-11-2023.2342658
Abstract
Top enterprises are in the leading position of the industry, which has become an important reference source to measure the level of the industry, but the macro-influence effect of this micro power is still to be studied, therefore, this paper constructs a regression model based on the annual data of 31 industries under the manufacturing standard of the Industrial Classification of National Economy (ICNEA) from 2002-2021 and the micro data of A-share listed companies, to study the external shocks from a granular economic perspective The impact of top enterprises on the innovation level of the industry. It is found that top firms have a significant positive effect on the innovation level of the industry they work in, in which the promotion effect of strategic innovation is more obvious than that of substantive innovation, and this promotion effect will be weakened under external shocks.