Speaker: Prof. Wang Heli, Janice Bellace Professor, Singapore Management University

Time: 10:00 a.m., Dec 27, 2024, GMT+8

Venue: Rm 132, Chengzeyuan, PKU

Abstract: 

This study explores the interplay between government policies and firm responses in simultaneously addressing multiple grand challenges, such as environmental sustainability and digital innovation. Using the context of China’s “Notice on Carrying Out Pilot Projects for Firm Innovation and Application”, initiated in 2018, we examine the concepts of policy goal multiplexity and its impact on firms’ effectiveness in policy implementation. Employing a Propensity Score Matching with Difference-in-Differences approach, our findings reveal that policy goal multiplexity leads to ineffective outcomes. However, firms with greater capabilities to enhance goal coherence can effectively integrate policies into their strategies, achieving desired outcomes. This research highlights the need for nuanced policy designs and robust firm capabilities to effectively address grand challenges in a rapidly evolving global landscape.

Source: Workshop National School of Development, PKU