The critical role of the institution‐led market in the technological catch‐up of emerging market enterprises: evidence from Chinese enterprises

Innovation scholars have, in the past, applied the concept of ‘windows of opportunity’ to study latecomer firms’ catch‐up. Previous research treats this concept as three separate aspects, i.e., technological, institutional and market. The role of government was seen as being concerned only with institutional windows of opportunity. However, governments in emerging markets exert influence not only through traditional means of institutional...