China’s distinctive civil–military integration policy and firm innovation

Author:

Wang Shuai,Xia Mengyue1,Shi Xing1ORCID,Hou Bojun1ORCID,Lu Shu2

Affiliation:

1. School of Economics, Hefei University of Technology , No. 485 Danxia Road, Economic and Technological Development Zone, Hefei 230009, China

2. China Aerospace Industry Development Co. LTD , 14 Xinghuo Road, Pukou District, Nanjing 210031, China

Abstract

Abstract Despite the widespread implementation of civil–military integration (CMI) policies in various countries, there remains a significant debate surrounding their impact on innovation. Taking the set of the National Civil–Military Integration Strategy in China in 2015 as a quasi-natural experiment, this paper uses the Propensity Score Matching and Difference in Difference (PSM-DID) method to systematically examine the impact of CMI policy on firm innovation. The results demonstrate that the CMI policy has notably increased the intensity of firms’ Research and Development (R&D) investment, but does not exert a significant influence on their innovation output and efficiency. Notably, the policy effect is primarily observed among incumbent military firms and large-scale firms. Moreover, the CMI policy exhibits a considerable effect on fostering new cooperation links, but does not yield a significant impact on deepening cooperation or promoting network agglomeration. The results imply that the policy has not yet deeply affected firms’ innovation processes and patterns. These findings provide manifold implications for policy understanding and decision-making.

Funder

Fundamental Research Funds for the Central Universities

National Natural Science Foundation of China

Publisher

Oxford University Press (OUP)

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