The more funding the better? The moderating role of knowledge stock on the effects of different government-funded research projects on firm innovation in Chinese cultural and creative industries |
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| Institution: | 1. Business School, Beijing Normal University, Beijing, China;2. School of Economics and Management, Tsinghua University, Beijing, China;3. The Center for Innovation, Entrepreneurship and Sustainable Competitiveness, Beijing Normal University, Beijing, China;1. Politecnico di Bari;2. Università degli Studi della Basilicata;1. School of Management, University of Chinese Academy of Sciences, Beijing, China;2. School of Management, Fudan University, Shanghai, China;3. Department of Systems Engineering and Engineering Management, City University of Hong Kong, Tat Chee Avenue, Kowloon, Hong Kong;1. Department of Management, University of Torino, Corso Unione Sovietica, 218 bis, 10134 Torino, Italy;2. Department of Computer Science, Via Pessinetto, 12, 10129, Torino, Italy;1. Department of Strategic Management and Marketing, De MontFort University, Leicester, LE2 7BY, UK;2. Business Economics Department, University of the Balearic Islands, Palma 07122, Spain;3. Centre for Research on Welfare Economics (CREB), Barcelona, Spain;4. Department of Applied Economics, University of Valencia, Valencia 46022, Spain;1. Friedrich-Alexander Universität Erlangen-Nürnberg, Lange Gasse 20, 90403, Nürnberg, Germany;2. Fraunhofer-Institut für Integrierte Schaltungen, Nordostpark 93, 90411, Nürnberg, Germany |
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| Abstract: | Based on prior research, this study attempts to examine how effectively government-funded research projects (GFPs) can facilitate firm innovation in the cultural and creative industry (CCI), as well as the internal organizational contingency associated with the effects of GFPs. Specifically, this paper differentiates two types of GFP -- central-government-funded projects (CGFPs) and local-government-funded research projects (LGFPs) -- and explore how effectively the two types of GFP affect two types of firm innovation, i.e., radical innovation and incremental innovation. Based on an empirical study of the panel data of Chinese innovative firms related to the CCI, this paper finds that CGFPs have an inverted U-shaped effect on both firms’ radical innovation and incremental innovation in the CCI, while LGFPs have an inverted U-shaped effect on firms’ incremental innovation, but they have no significant effects on firms’ radical innovation. The effects of both CGFPs and LGFPs are moderated by firms’ knowledge stock. |
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| Keywords: | Government-funded project Cultural and creative industries Radical innovation Incremental innovation Knowledge stock |
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