Suchergebnisse

Industrial investment funds are a new financing innovation mode that can build an effective financing channel for enterprises.Based on the panel data of Chinese Listed Companies in 2008–2017, this manuscript constructed a static panel model between industrial investment funds, government R&D subsidies, and technological innovation to empirically analyze the effects of industrial investment fund involvement and government R&D subsidies on companies' technological innovation. The research shows that industrial investment fund involvement can increase the company's R&D investment by providing financial funds for the company, which can effectively solve the company's lack of funds in the process of technological innovation and guarantee the smooth running of the company's innovation activities. Secondly, government R&D subsidies can alleviate the pressure of R&D investment to a certain extent, which is conducive to promote a higher level of technological innovation in the company. Thirdly, for companies with industrial investment fund involvement, government R&D subsidies are conducive to promote technological innovation. In contrast, for companies without industrial investment fund involvement, government R&D subsidies have no significant impact on technological innovation to a certain extent or even have a "crowding out effect."

AbstractThis article presents evidence that factors in rural areas influence migrant integration into China's cities. We argue that the value of the rural registration influences migrants' decision-making and identities by creating a cost to registration transfer to the city, and that the rural land system interacts with the household registration system to inhibit migrant integration. We test novel hypotheses derived from a simple model of migrant integration, finding connections between rural sending area factors and migrant integration in the city. We test these hypotheses using survey data from two surveys of rural-to-urban migrant workers and publicly available economic data. We find that migrants from areas with higher levels of economic development are less likely to desire registration transfer to the city. We also find that landholding and weaker rural and rights are associated with lower levels of social integration in the city.