The Impact of Innovation Vouchers on Green Innovation Efficiency

TY - GEN

T1 - The Impact of Innovation Vouchers on Green Innovation Efficiency

AU - Zhao, Ruirui

AU - Radziwon, Agnieszka

PY - 2021

Y1 - 2021

N2 - Innovation vouchers are part of the demand-side innovation policies that support innovation development in small and medium-sized enterprises (SMEs) by encouraging them to collaborate with universities and organisations offering knowledge-intensive services (KIS). Based on data from 353 high-tech SMEs in China, we explore the impact of innovation vouchers on green innovation efficiency. Our findings show that innovation vouchers can facilitate green innovation by 1) increasing senior managers’ risk-taking propensity, 2) reducing financial risk and 3) increasing knowledge sharing. When local governments pursue sustainable development and firms face regulatory changes, innovation vouchers could help to promote green innovation. Furthermore, our green innovation efficiency indicator shows that innovation vouchers could also increase green innovation efficiency at the enterprise level. Our research extends innovation theory by deepening our understanding of how demand-side policies influence organisations’ innovation activities and provide practical implications for how policymakers can design policies to encourage sustainability.

AB - Innovation vouchers are part of the demand-side innovation policies that support innovation development in small and medium-sized enterprises (SMEs) by encouraging them to collaborate with universities and organisations offering knowledge-intensive services (KIS). Based on data from 353 high-tech SMEs in China, we explore the impact of innovation vouchers on green innovation efficiency. Our findings show that innovation vouchers can facilitate green innovation by 1) increasing senior managers’ risk-taking propensity, 2) reducing financial risk and 3) increasing knowledge sharing. When local governments pursue sustainable development and firms face regulatory changes, innovation vouchers could help to promote green innovation. Furthermore, our green innovation efficiency indicator shows that innovation vouchers could also increase green innovation efficiency at the enterprise level. Our research extends innovation theory by deepening our understanding of how demand-side policies influence organisations’ innovation activities and provide practical implications for how policymakers can design policies to encourage sustainability.

U2 - 10.5465/AMBPP.2021.156

DO - 10.5465/AMBPP.2021.156

M3 - Article in proceedings

T3 - Academy of Management Proceedings

BT - Academy of Management Proceedings

A2 - Taneja, S

PB - Academy of Management

T2 - 81st Annual Meeting of the Academy of Management

Y2 - 29 July 2021 through 4 August 2021

ER -