Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

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Political Turnover and Breakthrough Innovation: Evidence from China

Authors
Tao Jiang1, *, Cheng Huang2, Qiang Pan1, Shiying Zhang1
1School of Economics and Management, Harbin Institute of Technology (Shenzhen), Shenzhen, Guangdong, 518055, PR China
2School of Economics, Peking University, Beijing, 100871, PR China
*Corresponding author. Email: jiangtaohit@stu.hit.edu.cn
Corresponding Author
Tao Jiang
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_9How to use a DOI?
Keywords
Political turnover; Breakthrough inventions; Industries; China
Abstract

This study investigates how political turnover affects breakthrough inventions in Chinese cities. Our empirical evidence reveals a positive correlation between political turnover and breakthrough inventions when analyzing industry-region pairs instead of focusing on individual firms or regions. The results hold firm across diverse model specifications and subsample analyses. Extending the analysis to dynamic patterns indicates that the turnover of leaders does not influence breakthrough inventions before the turnover event. As a turnover event occurs, its positive impact becomes quickly evident, but diminishes and becomes insignificant once the uncertainty is resolved. Our research further reveals that the impact of political turnover on breakthrough inventions varies significantly across industries. Specifically, the positive impact is more pronounced in complex industries and industries that do not have a relative technological advantage.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
978-94-6463-408-2
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_9How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Tao Jiang
AU  - Cheng Huang
AU  - Qiang Pan
AU  - Shiying Zhang
PY  - 2024
DA  - 2024/05/07
TI  - Political Turnover and Breakthrough Innovation: Evidence from China
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 68
EP  - 81
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_9
DO  - 10.2991/978-94-6463-408-2_9
ID  - Jiang2024
ER  -