市场准入管制放松与企业创新——基于“市场准入负面清单制度”试点的准自然实验

Deregulation of Market Access and Corporate Innovation: A Quasi-natural Experiment Based on the Pilot of “Negative List System for Market Access”

《财经研究》2023年49卷第11期 页码：125 - 139 online：2023年11月3日

作者

中：周志方 , 韩尚杰 , 程序

英：Zhou Zhifang, Han Shangjie, Cheng Xu

作者单位：中南大学 商学院，湖南 长沙 410083

摘要及关键词

摘要：全国统一大市场建设是新时期中国经济高质量发展的必经之路，而推进这一战略则需打破市场准入管制壁垒。文章利用市场准入负面清单制度试点的准自然实验，以2013—2018年A股上市公司为对象，考察了市场准入管制放松对企业创新的影响及机制。研究发现，市场准入负面清单制度显著促进了企业创新，而这一效应主要通过“打破地方行政垄断壁垒和强化产品市场竞争激励”的产品竞争机制以及“减少政府要素配置干预和缓解要素市场错配程度”的要素配置机制而实现。进一步分析发现，市场准入负面清单制度引发了企业创新策略的积极调整，具体表现为企业倾向于增加创新投入、提升创新效率以及追求高质量创新，而较高的创新能力能够帮助企业在竞争加剧下取得良好绩效。异质性分析表明，市场准入负面清单制度的创新激励效应主要集中在知识产权保护力度较强的地区、技术密集型企业以及运营效率较低的企业中。文章的研究结果为协调推进市场经济体制改革与创新驱动发展战略提供了理论依据和有益的政策参考。

关键词：市场准入管制放松；企业创新；市场准入负面清单制度

Summary: The construction of a unified national market is the necessary way for the high-quality development of China’s economy in the new era, and the basic measurement to promote the implementation of this strategy is to break down market access control barriers. Using the quasi-natural experiment of the pilot of “negative list system for market access”, this paper investigates the impact and mechanism of the deregulation of market access on corporate innovation. The study finds that the “negative list system for market access” significantly promotes corporate innovation, and this effect is achieved through the product competition mechanism of “breaking local administrative monopoly barriers and strengthening market competition incentives” and the factor allocation mechanism of “reducing government intervention in factor allocation and easing the degree of factor market mismatch”. Further analysis shows that the “negative list system for market access” has triggered a positive adjustment of corporate innovation strategies, which is specifically manifested in the tendency of enterprises to increase innovation input, improve innovation efficiency, and pursue high-quality innovation; and strong innovation capabilities can help firms achieve good performance in the face of intensifying competition. The heterogeneity analysis shows that the innovation incentive effect of “negative list system for market access” mainly exists in regions with strong intellectual property protection, technology-intensive enterprises, and enterprises with low operating efficiency. The contributions of this paper are as follow: First, it enriches the literature on the economic consequences of “negative list system for market access”. Second, it systematically clarifies the mechanism of the deregulation of market access on corporate innovation. Third, it provides new insights into the literature on the antecedents of market system for corporate innovation. In addition, it provides a useful theoretical basis and policy reference for the coordinated promotion of market economy system reform and innovation-driven development strategy.

Key words:deregulation of market access; corporate innovation; “negative list system for market access”

其他信息

DOI：10.16538/j.cnki.jfe.20230617.303

收稿日期：2022-11-17

基金项目：国家自然科学基金重大项目（71991483）；湖南省杰出青年基金项目（2022JJ10085）；国家自然科学基金项目（72302234）

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