Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition) ›› 2024, Vol. 60 ›› Issue (1): 117-129.doi: 10.16088/j.issn.1001-6597.2024.01.010

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The Impact of Business Environment on Enterprise Innovation —A Research Based on Threshold Model

WEI Zheng-wei1, GAO Ya-lin2, YANG Chuan3   

  1. 1. School of Economics and Management, Tsinghua University, Beijing 100062, China;
    2. Transport Management Institute, Ministry of Transport of the P. R. China, Beijing 101601, China;
    3. Faculty of Engineering, University of Nottingham, Nottingham NG14BU, UK
  • Received:2022-10-19 Online:2024-01-25 Published:2024-02-26

Abstract: This article, based on historical statistical yearbooks and CSMAR database, attempts to construct measurement indicators for business environment, and adopts the Threshold Effect to thoroughly examine the impact of business environment optimization on enterprise innovation. It is found that the optimization bears a significant positive effect on innovations of enterprises, followed by a single threshold effect. Meanwhile, business environment bears a more positive effect on innovations of non-state-owned enterprises when compared to state-owned enterprises; business environment can significantly promote the innovation drive of labor-intensive and technology intensive enterprises, instead of capital intensive enterprises. Therefore, government departments should be committed to optimizing the business environment and establishing a sound market competition system so as to enhance the overall innovation of China.

Key words: business environment, enterprise innovation, threshold effect, government coordination

CLC Number:  F20
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