Can Cost Reduction Policy Stimulate Enterprise Innovation Intention: Evidence from Chinese Private Enterprise Survey in 2020

MAO De-feng; PENG Fei

Volume 37 Issue 5

Sep. 2022

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2022 > 37(5): 43-54

MAO De-feng, PENG Fei. Can Cost Reduction Policy Stimulate Enterprise Innovation Intention: Evidence from Chinese Private Enterprise Survey in 2020[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 43-54.

Citation:

MAO De-feng, PENG Fei. Can Cost Reduction Policy Stimulate Enterprise Innovation Intention: Evidence from Chinese Private Enterprise Survey in 2020[J]. Journal of Guangdong University of Finance & Economics, 2022, 37(5): 43-54.

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Can Cost Reduction Policy Stimulate Enterprise Innovation Intention: Evidence from Chinese Private Enterprise Survey in 2020

MAO De-feng¹,
PENG Fei^2
,

1.
School of Business, Anhui University, Hefei 230601
2.
School of Economics, Hefei University of Technology, Hefei 230601, China

Received Date: 2021-11-09
Available Online: 2022-10-12
Publish Date: 2022-09-28

Abstract

Abstract

Cost reduction is not only an important measure of supply-side structural reform, but also an inherent requirement for strengthening the drivers of high-quality development. Based on the data of Chinese private enterprise survey in 2020, this paper examines the impact of cost reduction policy on enterprise innovation intention. The results show that the cost reduction policy does not have universal negative effect, but enterprises with strong perception of cost reduction have significantly improved innovation intention. From the perspective of cost sources, the cost reduction of logistics, energy, system, tax and financing is the important factor to stimulate enterprise innovation intention, while labor cost has not announced the driving effect. From a macro perspective, improving the business environment and enhancing fiscal transparency can stimulate the innovation incentive effect of cost reduction policy. From the perspective of scale difference, cost reduction policy has a strong incentive effect on innovation of small enterprises, while it has a weak incentive effect on large and medium-sized enterprises. From the perspective of the relationship between enterprises and the government, cost reduction policy significantly improves the innovation intention of non-political connection and non-industry-related enterprises, but has no significant effect on political connection and industry-related enterprises. The results not only enrich the research on the economic effect of cost reduction policy, but also provide reference for the optimization of cost reduction system.
- cost reduction policy,
- cost burden,
- enterprise innovation,
- innovation intention,
- private enterprise,
- high-quality development

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References(30)

References

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