The Impact of R&D Innovation Strategy on Labor Productivity in Intelligent Manufacturing Enterprises:evidence from a quasi-natural experiment in China

The Impact of R&D Innovation Strategy on Labor Productivity in Intelligent Manufacturing Enterprises:evidence from a quasi-natural experiment in China | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article The Impact of R&D Innovation Strategy on Labor Productivity in Intelligent Manufacturing Enterprises:evidence from a quasi-natural experiment in China Mingli Chen, Han Xu, Fa Tian, Li Ji This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-8999516/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract The policy of additional deduction for R&D expenses( the R&D policy ) incentivizes enterprises to expand R&D investment by virtue of tax incentives. Not only does it consolidate the dominant role of enterprises in scientific and technological innovation, but it also serves to facilitate industrial upgrading. Based on the data of intelligent manufacturing enterprises among Chinese listed companies, this paper empirically examines the impact of the R&D policy on enterprises’ labor productivity. The study finds that the policy significantly improves intelligent manufacturing enterprises’ labor productivity,the conclusion remains valid after a series of robustness tests, including parallel trend test, placebo test, and propensity score matching. The mechanism analysis shows that the policy reduces financing constraints, enhances enterprises’ enthusiasm for R&D, and increases capital investment level, thereby improving corporate labor productivity. Heterogeneity tests indicate that the policy has a more significant effect on enterprises located in eastern and central regions, large-scale, and enterprises in industries with slow technological renewal. This paper verifies the impact and mechanism of the R&D policy on enterprises’ labor productivity and provides Chinese empirical insights for improving intelligent manufacturing enterprises’ labor productivity. Microeconomics Development Economics Behavioral Economics Intelligent Manufacturing R&D Innovation Strategy Financing Constraints Human Capital Upgrading Labor Productivity Full Text Additional Declarations The authors declare no competing interests. Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. 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Not only does it consolidate the dominant role of enterprises in scientific and technological innovation, but it also serves to facilitate industrial upgrading. Based on the data of intelligent manufacturing enterprises among Chinese listed companies, this paper empirically examines the impact of the R\u0026amp;D policy on enterprises\u0026rsquo; labor productivity. The study finds that the policy significantly improves intelligent manufacturing enterprises\u0026rsquo; labor productivity,the conclusion remains valid after a series of robustness tests, including parallel trend test, placebo test, and propensity score matching. The mechanism analysis shows that the policy reduces financing constraints, enhances enterprises\u0026rsquo; enthusiasm for R\u0026amp;D, and increases capital investment level, thereby improving corporate labor productivity. Heterogeneity tests indicate that the policy has a more significant effect on enterprises located in eastern and central regions, large-scale, and enterprises in industries with slow technological renewal. 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