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J4  2016, Vol. 13 Issue (5): 707-    DOI:
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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.
Key words national innovation system(NIS)       leverage      firm age      R&D     
Received: 11 January 2016     
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