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Institutional opening-up promotes local enterprises’ innovation: From the perspective of standards opening-up

Year: 2025

Type: article

Abstract: The participation of foreign-invested enterprises in the formulation of national standards is taken as an opportunity to identify standards opening-up, and the impact of standards opening-up on local firms' innovation is examined. It is found that standards opening-up promotes local firms' innovation, works through collaboration between Chinese and foreign firms, market competition, and information transmission mechanism, and influences upstream and downstream innovation along the industrial chain. In addition, standards opening-up promotes firms’ product upgrading and exporting, standards harmonization, and foreign investment stabilization. These findings explain the significance of steady expansion of institutional opening-up.

Source: China Economic Quarterly International

DOI: 10.1016/j.ceqi.2025.11.001

Authors: Zhihao Yang, Junjie Hong

Institutions: Chinese Academy of Social Sciences, Institute of Industrial Economics, Shandong University of Finance and Economics

Language: English

Topic: International Business and FDI

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: gold

Estimated APC paid: $700