Notice of RetractionHow institutional environment impact state-owned enterprises´ R&D investment

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Previous research usually study the R&D investment from internal corporate governance factors, but Chinese enterprises, especially state-owned enterprises´ R&D investment is more affected by external institutional environment which are often be ignored. Combined with China´s specific institutional environment, the paper analyses how government intervention, financial market development and intellectual property protection system impact the state-owned enterprise´s R&D investment. The result shows that:(1)The government intervention has a significant negative impact on the R&D investment in the state-owned enterprises, but has relatively weak effect in the non-state-owned enterprises,(2)The financial market development has a significant positive impact on the R&D investment in the non-state-owned enterprises, but has relatively weak effect on the R&D investment in the state-owned enterprises, (3)The intellectual property protection has a positive impact on the R&D investment in both kind of enterprises.