Open Access Journal Article

New Quality Productivity, Institutional Environment and Sustained Firm Innovation

by Han Sun a,*
a
Xi’an University of Finance and Economics, Xi’an City, China
*
Author to whom correspondence should be addressed.
REA  2024 3(4):39; https://doi.org/10.58567/rea03040002
Received: 4 December 2024 / Accepted: 7 January 2025 / Published Online: 16 January 2025
View Full-Text
Download PDF

Abstract

This paper investigates the impact of new quality productivity on corporate innovation, and empirically analyzes it using A-share data from 2012-2022. New quality productivity, which includes emerging industries, future industries and digital transformation of traditional industries, has a significant positive effect on corporate innovation. The study shows that new quality productivity promotes innovation by enhancing innovation incentives and improving ESG performance. Improvements in the institutional environment can enhance its role in promoting innovation. It is recommended to enhance new quality productivity, stimulate innovation in SMEs, focus on ESG performance and develop differentiated strategies to support sustained innovation in corporate technology.

Keywords: New Quality Productivity; Institutional Environment; Continuous Innovation; Innovation Incentives;
Copyright: © 2025 by Sun. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

Share and Cite

ACS Style
Sun, H. New Quality Productivity, Institutional Environment and Sustained Firm Innovation. Review of Economic Assessment, 2024, 3, 39. https://doi.org/10.58567/rea03040002
AMA Style
Sun H. New Quality Productivity, Institutional Environment and Sustained Firm Innovation. Review of Economic Assessment; 2024, 3(4):39. https://doi.org/10.58567/rea03040002
Chicago/Turabian Style
Sun, Han 2024. "New Quality Productivity, Institutional Environment and Sustained Firm Innovation" Review of Economic Assessment 3, no.4:39. https://doi.org/10.58567/rea03040002
APA style
Sun, H. (2024). New Quality Productivity, Institutional Environment and Sustained Firm Innovation. Review of Economic Assessment, 3(4), 39. https://doi.org/10.58567/rea03040002

Article Metrics

Article Access Statistics

References

  1. Cai, Shuangli, and Guo, Qiang. (2023). Academic executives and sustained innovation in specialized and new enterprises - The dual moderating effect of corporate incentives and risk-taking level. Journal of Zhejiang Gongshang University, 1, 120-134. https://doi.org/10.14134/j.cnki.cn33-1337/c.2023.01.011
  2. Cao, Yushan, and Chen, Zhe. (2024). Employee Stock Ownership Plan and Corporate Sustained Innovation - Based on the Perspective of Human Capital Structure Upgrading. Statistics and Decision Making, 40(3), 179-183. https://doi.org/10.13546/j.cnki.tjyjc.2024.03.032
  3. Feng, Yuan. (2024). New quality productivity and cost management: formation motives, paradigm characteristics and innovative development. Monthly Journal of Finance and Accounting, 8, 50-56. https://doi.org/10.19641/j.cnki.42-1290/f.2024.08.008
  4. Gao, Fan. (2023). The logic, multidimensional connotation and significance of “new quality productivity”. Review of Political Economy, (06), 127-145.
  5. Guan, J. L., Huang, H., Wang, X., and Zhao, S. T. (2024). Study on the Driving Path of Small and Medium-sized Sports Enterprises' Innovative Development--An Analysis of the Grouping of Specialized, Specialized and New Sports Enterprises Based on the Institutional Environment. Research in Sports, 2, 106-118. https://doi.org/10.15877/j.cnki.nsic.20240428.004
  6. Guo, Wanchao. (2024). On the Cultural Motivation of the Generation of New Quality Productivity--Constructing the Basic Framework of the Cultural Theory of New Quality Productivity. Journal of Shandong University (Philosophy and Social Science Edition), 4, 25-34. https://doi.org/10.19836/j.cnki.37-1100/c.2024.04.003
  7. Han, L., Zhang, R. S., and Zhao, F. (2024). New Quality Productivity Level Measurement and New Dynamics of China's Economic Growth. Research on Quantitative and Technical Economics, 6, 5-25. https://doi.org/10.13653/j.cnki.jqte.20240418.001
  8. He, S. G., Chen, Y., Yang, C., and Yan, J. P. (2023). A study on the mechanism of continuous innovation's impact on recovery of distressed firms. Research Management, 12, 146-157. https://doi.org/10.19571/j.cnki.1000-2995.2023.12.015
  9. Jia, Jianlin, and Fan, Xia. (2021). Research on the realization mechanism of corporate innovation sustainability based on external R&D innovation process. China Science and Technology Forum, 11, 78-87. https://doi.org/10.13580/j.cnki.fstc.2021.11.010
  10. Li, Chun-Tao, Yan, Seo-Wen, Song, Min and Yang, Wei. (2020). Financial technology and corporate innovation - Evidence from New Third Board listed companies. China Industrial Economics, 1, 81-98. https://doi.org/10.19581/j.cnki.ciejournal.2020.01.006
  11. Ling, Shixian, and Zhang, Xiaoyu. (2024). Impact of digital transformation on continuous innovation of enterprises - An analysis based on digital empowerment function and synergistic function mechanism. Soft Science, 8, 78-84+93. https://doi.org/10.13956/j.ss.1001-8409.2024.08.11
  12. Liu, X. X., Cao, C. Z., and Kong, X. X. (2024). Theoretical Logic and Realization Path of New Quality Productivity Formation in the Context of Great Power Competition. Journal of Chongqing University (Social Science Edition), 1, 145-155.
  13. Lu, J., Guo, Z., and Wang, Y. P. (2024). The Development Level of New Productivity, Regional Differences and the Path to Improvement. Journal of Chongqing University (Social Science Edition), 3, 1-17.
  14. Luo, Jianwen. (2024). New quality productivity is a new development of Marxist productivity theory. Academic Exchange, 4,5-20.
  15. Mei, J., Wu, X. Y., and Yang, D. H. (2024). A study on the innovation incentive effect of national industrial investment funds: Evidence from integrated circuit enterprises. Research Management, 2, 50-60. https://doi.org/10.19571/j.cnki.1000-2995.2024.02.006
  16. Ren, P. P. (2024). Focus and tasks of empowering Chinese-style modernization with new quality productivity. Economic Issues, 5, 1-6. https://doi.org/10.16011/j.cnki.jjwt.2024.05.010
  17. Song, J., Zhang, J. C., and Pan, Y. (2024). A study on the impact of ESG development on firms' new quality productivity-empirical evidence from Chinese A-share listed firms. Contemporary Economic Management, 6, 1-11. https://doi.org/10.13253/j.cnki.ddjjgl.2024.06.001
  18. Tseng, X. J., and Tseng, K. (2024). New quality productivity: composite concept, developmental basis and systematic innovation path. Journal of Shenzhen University (Humanities and Social Sciences Edition), 2, 5-15.
  19. Wang, H. H., Li, Y. J., and Gong, Y. Y. (2024). Technological Diversification, Continuous Innovation and Firm Resilience - The Moderating Role of Dual Networks. Science and Technology Progress and Countermeasures, 1-12.
  20. Wang, Yuhao and Ma, Yeqing. (2024). New quality productivity, firm innovation and supply chain resilience: micro evidence from Chinese listed companies. Xinjiang Social Science, 3, 68-82+177. https://doi.org/10.20003/j.cnki.xjshkx.2024.03.007
  21. Wu, W.-S., Rong, Y., and Wu, H.-Q. (2024). Digital economy empowers the development of new quality productivity - A study based on the Yangtze River Delta city cluster. Finance and Economics, 4, 15-27.
  22. Wu, Xiaojie, and Yang, Dandan. (2023). Corporate management capability, institutional environment and firms' global value chain position. International Trade Issues, 11, 158-174. https://doi.org/10.13510/j.cnki.jit.2023.11.008
  23. Xu, Zheng, and Zhang, Jiao Yu. (2024). New quality productivity for the transformation and upgrading of manufacturing industry: value orientation, logical mechanism and important initiatives. Journal of Social Sciences of Hunan Normal University, 2, 104-113. https://doi.org/10.19503/j.cnki.1000-2529.2024.02.011
  24. Yang, Guangyue. (2024). Research Status and Prospects of New Quality Productivity. Economic Issues, 5, 7-17. https://doi.org/10.16011/j.cnki.jjwt.2024.05.017
  25. Yu, Yihua, Zhao, Qifeng, and Ju, Xiaosheng. (2018). Inventor executives and corporate innovation. China Industrial Economics, 3, 136-154. https://doi.org/10.19581/j.cnki.ciejournal.2018.03.008
  26. Zhang, Chang. (2024). Digital New Quality Productivity, Agricultural Chain Extension and Common Wealth. Statistics and Decision Making, 9, 37-42. https://doi.org/10.13546/j.cnki.tjyjc.2024.09.006
  27. Zhang, J. (2024). New Quality Productivity Theory Innovation and China's Practical Path. Hebei Journal, 3,127-134.
  28. Zhang, Jiao-yu, and Luo, Li. (2024). New Productivity Enabling the Integration of Domestic and Foreign Trade: Logical Rationale and Relief Strategies. International Trade, 3, 22-29+41. https://doi.org/10.14114/j.cnki.itrade.2024.03.008
  29. Zhang, J. M. (2024). Review of the ability of colleges and universities to serve the development of new quality productivity and reform of evaluation mechanism. Journal of Hebei Normal University (Education Science Edition), 3, 15-23. https://doi.org/10.13763/j.cnki.jhebnu.ese.2024.03.003
  30. Zhang, Shuman and Hara, Nagahiro. (2022). How to cultivate key core technology sustained innovation ability of manufacturing leading enterprises? Research Management, 4, 103-110. https://doi.org/10.19571/j.cnki.1000-2995.2022.04.012
  31. Zhang, Shushan, and Dong, Xuda. (2024). Intelligent Transformation, Organizational Resilience and High Quality Development of Manufacturing Firms. China Circulation Economy, 1, 104-114. https://doi.org/10.14089/j.cnki.cn11-3664/f.2024.01.010
  32. Zhang, Zhe, Li, Ji-Gang and Tang, Nuer-Halik. (2024). Measurement and spatial and temporal evolution of China's new quality productivity development level. Statistics and Decision Making, 9, 18-23. https://doi.org/10.13546/j.cnki.tjyjc.2024.09.003
  33. Zheng, Ye, and Wu, Hao. (2024). How information-based policy tools promote sustained innovation in small and medium-sized enterprises (SMEs)-the mediating effect of resource patchwork and the moderating effect of innovation dynamics. Science and Technology Progress and Countermeasures, 17, 106-116.