关键词: 企业创新, 政府规制, 产品责任制度

Abstract: Whether government regulation can effectively promote corporate innovation and industrial development is worthy of further study. Taking the Regulations on the Administration of Vaccine Circulation and Vaccination revised and issued by the State Council in 2016 as an example, this paper investigates the innovative effect and impact mechanism of vaccine retroactive regulation on vaccine listed companies. The results show that the investment in R&D and patents of vaccine enterprises has been significantly improved after the revision of the regulation. Further analysis reveals that the effect mainly results from the government regulation, which forces enterprises to improve product quality by promoting the establishment of vaccine product traceability system. The conclusion of this paper expands the research on the effectiveness of government regulation and enterprise innovation.

Key words: enterprise innovation, government regulation, product liability system