State ownership and corporate innovation efficiency

• Main Authors: CAO, Jerry X., CUMMING, Douglas J., ZHOU, Sili, ZHOU, Lu
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: State ownership; Innovative efficiency; Financial constraints; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5227; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6226/viewcontent/SSRN_id2868036.pdf
• Institution: Singapore Management University

The conventional wisdom is that state ownership may hinder patenting through reduced incentives and pronounced agency problems associated with state-owned enterprises (SOEs). Empirical evidence from a variety of contexts, including the U.S., Europe, and China, is consistent with this view, including...