摘要
技术创新是企业发展和经济增长的基本动力,创新资源的不均衡需要政府发挥财政作用进行创新活动补贴,以调节和优化创新资源的配置。但是政府补贴存在可能促进企业创新或者产生挤压企业创新投资等不同的作用效果,研究政府在何时以及何种情况下补贴对企业发展产生更优效果将具有重要的理论和实践意义。本文采用2011-2016年我国制造业上市公司面板数据,建立政府补贴对企业创新绩效影响的非线性模型,实证分析政府补贴对企业创新绩效的促进作用效应与门槛效应。研究表明,政府补贴对企业创新的影响效果呈现“U”型,门槛值以前政府补贴挤压了企业创新,门槛值以后政府补贴增加促进了制造业创新活动产出。根据研究结果文章提出优化政府补贴和促进企业创新的相关政策建议。
Technological innovation is the basic power of enterprise development and economic growth.The imbalance of innovation resources requires the government to play a financial role in subsidizing innovation activities to adjust the optimal allocation of innovation resources.However,government subsidies may play different roles,promoting enterprise innovation or squeezing enterprise innovation investment.It is of great theoretical and practical significance to study when and under what circumstances government subsidies will produce better effects on the development of enterprises.Based on the panel data of listed manufacturing companies in China from 2011 to 2016,a non-linear model about the impact of government subsidies on enterprise innovation is established in the paper,and the promotion effect and threshold effect of government subsidies on enterprise innovation performance are analyzed empirically.The research shows that the influence of government subsidy on enterprise innovation is U-shaped.Before the threshold value,government subsidy squeezes enterprise innovation;after the threshold value,the increase of government subsidy promotes the output of manufacturing innovation activities.Based on the research results,some policy suggestions are put forward to optimize government subsidy and promote enterprise innovation.
作者
陈亮
CHEN Liang(Zhejiang Financial College,Hangzhou Zhejiang 310018,China)
出处
《技术经济与管理研究》
北大核心
2020年第6期20-24,共5页
Journal of Technical Economics & Management
基金
杭州市社科常规性规划课题(M20JC095)
浙江金融职业学院基本科研业务费重点项目(2019ZD23)。
关键词
政府补贴
企业创新
制造业
门槛效应
非线性
Government subsidy
Enterprise innovation
Manufacturing industry
Threshold effect
Non-linear
