Market-based reforms, synchronization and product innovation

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-review

11 Scopus Citations
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Original languageEnglish
Pages (from-to)30-39
Journal / PublicationIndustrial Marketing Management
Online published19 May 2015
Publication statusPublished - Oct 2015


This paper focuses on the multiple dimensions of market-based reforms and their impacts on firms' product innovation performance in China, the largest emerging country in the world. By analyzing a data set with more than one-half-million observations on firms during China's economic transition during the period 2005-2007, we find that the progress of market-based reforms and the degree to which different dimensions of market-based reforms are conducted simultaneously, referred to as synchronization, have a positive effect on firms' product innovation. We also find that firms with higher absorptive capacity benefit more from market-based reforms and the synchronization of different dimensions of market-based reforms.

Research Area(s)

  • Absorptive capacity, Market-based reforms, Synchronization