{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,23]],"date-time":"2026-03-23T14:48:46Z","timestamp":1774277326744,"version":"3.50.1"},"reference-count":41,"publisher":"Emerald","issue":"2","license":[{"start":{"date-parts":[[2020,2,25]],"date-time":"2020-02-25T00:00:00Z","timestamp":1582588800000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["K"],"published-print":{"date-parts":[[2021,3,27]]},"abstract":"<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title>\n<jats:p>The purpose of this study is to find the relationships among the high- and new-technology enterprise (HNTE) identification policy, firm\u2019s total factor productivity (TFP) and the marketization process by using data obtained from China manufacturing firms.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title>\n<jats:p>Propensity matching score \u2013 difference-in-difference modeling are used to investigate the relationships among the HNTE identification policy, firm\u2019s TFP and the marketization process. In addition, the complex relations between policy and firm\u2019s TFP, including in the proposed model, are assessed in detail through the mediation analysis.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Findings<\/jats:title>\n<jats:p>The results show that the HNTE identification policy can promote firm\u2019s TFP, but its effect depends on the marketization process. The transmission path of HNTE identification policy to promote enterprise productivity lies in the optimization of incentive mechanism, including the improvement of enterprise labor productivity, the reduction of income tax burden and cost and the reduction of financing constraints. In industries and regions with more effective market mechanism, as well as industries with more intense market competition, the productivity promotion effect of the HNTE identification policy is stronger. In industries and regions with low degree of marketization, as well as industries with low degree of market competition, the productivity promotion effect brought by the improvement of incentive mechanism is distorted, which actually inhibit the promotion of enterprises\u2019 TFP.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Practical implications<\/jats:title>\n<jats:p>The study confirms that the HNTE identification policy plays an important role in enhancing the TFP of China\u2019s manufacturing firm. Policy makers can adopt industrial policy in the key industries and technology areas that are meaningful but market failure. Furthermore, it demonstrates that the effect of the HNTE identification policy largely depends on the marketization process. These finding imply that when formulating an industrial policy, the marketization process of the industry and region should be taken into account.<\/jats:p>\n<\/jats:sec>\n<jats:sec>\n<jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title>\n<jats:p>The paper analyzes the relationship among the HNTE identification policy, firm\u2019s TFP and the marketization process. Panel data are used to discuss the mechanism of HNTE identification policy affecting firm\u2019s TFP. The paper also reveals the effect of the marketization process on the effectiveness of the HNTE identification policy.<\/jats:p>\n<\/jats:sec>","DOI":"10.1108\/k-11-2019-0743","type":"journal-article","created":{"date-parts":[[2020,2,25]],"date-time":"2020-02-25T07:37:12Z","timestamp":1582616232000},"page":"528-549","source":"Crossref","is-referenced-by-count":9,"title":["The high - and new-technology enterprise identification, marketization process and the total factor productivity of enterprise"],"prefix":"10.1108","volume":"50","author":[{"given":"Jianjun","family":"Jiang","sequence":"first","affiliation":[]},{"given":"Peiqiang","family":"Su","sequence":"additional","affiliation":[]},{"given":"Zhiyuan","family":"Ge","sequence":"additional","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2020,2,25]]},"reference":[{"key":"key2021043008580912300_ref001","article-title":"Structural identification of production functions","year":"2006"},{"issue":"6","key":"key2021043008580912300_ref002","doi-asserted-by":"crossref","first-page":"2411","DOI":"10.3982\/ECTA13408","article-title":"Identification properties of recent production function estimators","volume":"83","year":"2015","journal-title":"Econometrica"},{"issue":"4","key":"key2021043008580912300_ref003","first-page":"1","article-title":"Industrial policy and competition","volume":"7","year":"2015","journal-title":"American Economic Journal: Macroeconomics"},{"issue":"3","key":"key2021043008580912300_ref004","doi-asserted-by":"crossref","first-page":"529","DOI":"10.1016\/S0176-2680(03)00011-9","article-title":"Foreign direct investment, economic freedom and growth: new evidence from Latin America","volume":"19","year":"2003","journal-title":"European Journal of Political Economy"},{"issue":"2","key":"key2021043008580912300_ref005","first-page":"193","article-title":"The benefits of economic freedom: a survey","volume":"8","year":"2003","journal-title":"The Independent Review"},{"key":"key2021043008580912300_ref006","doi-asserted-by":"crossref","unstructured":"Bond, S. and S\u00f6derbom, M. 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