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Relationships among Government Funding, R&D Model and Innovation Performance: A Study on the Chinese Textile Industry

by Zhiying Zhang 1,2,3, Hua Cheng 1,3,* and Yabin Yu 1,4
1
School of Economics and Management, Zhejiang Sci-Tech University, Hangzhou 310018, China
2
School of Science, Zhejiang Sci-Tech University, Hangzhou 310018, China
3
Ecological Civilization Research Center of Zhejiang Province, Zhejiang Sci-Tech University, Hangzhou 310018, China
4
College of Economics and Management, China Jiliang University, Hangzhou 310018, China
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(2), 644; https://doi.org/10.3390/su12020644 (registering DOI)
Received: 30 November 2019 / Revised: 5 January 2020 / Accepted: 11 January 2020 / Published: 15 January 2020
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
The textile industry is a traditional pillar industry of the national economy in China. The strategic goal of Chinese innovation is to upgrade and transform traditional industries and make them develop in coordination with high-tech industries, so as to realize sustainable industrial development. At the core of industrial sustainable development, the innovation of the textile industry in China has become an important issue worthy of attention. Based on resource-based theory and signal transfer theory, the relationship between government funding, R&D models and the innovation performance of the Chinese textile industry is studied. The results show that government funding has a significant, direct promoting effect on the internal R&D and science-based cooperation of enterprises. Government funding indirectly promotes market-based cooperation through internal R&D. The promoting effect of internal R&D on innovation performance is greater than that of cooperative R&D. Internal R&D and cooperative R&D have more promoting effects on R&D reserve performance than those on market performance. Government funding indirectly promotes innovation performance through the mediation of internal R&D and science-based cooperation. The threshold effect of cooperative R&D indicates that only when the cooperative R&D intensity exceeds the threshold can government funding foster innovation performance more effectively. The conclusions can provide theoretical guidance for the formulation of innovation policy. View Full-Text
Keywords: government funding; R&D model; textile industry; innovation performance government funding; R&D model; textile industry; innovation performance
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Zhang, Z.; Cheng, H.; Yu, Y. Relationships among Government Funding, R&D Model and Innovation Performance: A Study on the Chinese Textile Industry. Sustainability 2020, 12, 644.

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