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| The Relationship Research between NIS and Firm R&D:Based on the Moderating Effect of Firm Characters |
| YANG Liuqing，LIANG Qiaozhuan，KANG Hua |
| 1. Xi’an Jiaotong University, Xi’an, China；2.Northwest University of Politics and Law, Xi’an, China；3. Xi’an University of Technology, Xi’an, China |
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Abstract Based on the IBV(Institution-Based View of Business Strategy), this study investigates the impact of NIS(National Innovation System) on R&D with a pooled data sample of the 8 312 main board and SMEB companies for the period 2003~2013. The result showed that there was a significantly positive relationship between the NIS and the next-year R&D input of main board and SMEB companies, and then the leverage and firm age was the moderator of the relationship between NIS and the R&D input of main board and SMEB companies, but the moderating effect was different. Specifically, the leverage could reduce the incentive effect of NIS on the firm R&D input. The firm age could improve the incentive effect of NIS on the firm R&D input.
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Received: 11 January 2016
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2016, Vol. 13 
