政府采购对企业R&D投入的影响

The Effect of Government Procurement on Firms R&D Investment in Different Governance Structure

针对政府采购对企业R&D投入激励的有效性问题,基于2011—2013年中国上市中小企业政府采购数据,采用倾向得分匹配法,研究政府采购、公司内部治理与企业R&D投入之间的关系。研究结果表明,政府采购能够有效促进企业R&D投入,且这种影响因公司治理结构的不同而表现出明显的差异;政府采购对国有性质、股权分散、股权制衡及董事会规模较小的企业R&D投入的促进效应更加显著。

The research has utilized micro data of small and medium-sized listed enterprises in China from 2011 to 2013 and applied Propensity Score Matching Method to analyze the effects of government procurement on enterprises’R&D expenditures,In addition,the paper also concerned about the roles of enterprises inner governance which influence the effectiveness of government procurement.The result shows that government procurement have significantly stimulated enterprises’R&D expenditures.Government procurement is more effective in firms with check-and-balance ownership structure,small board size and dispersed ownership than other kind of firms.This thesis enriches the study of the relationship between government procurement and the conclusions can provide some theoretical and empirical basis for the making and implementation of the demand-oriented innovation policy in China.