政府创新补贴、企业文化与创新绩效

Government Innovation Subsidy, Corporate Culture and Corporate Innovation Performance

科技创新不仅是引领经济高质量发展的第一动力,更是我国突破国际竞争掣肘与全面建立创新型国家的核心要素。本文理论阐释了政府创新补贴与企业文化对企业创新绩效的作用机制,使用2010—2017年1766家上市制造业企业数据,实证考察与多维比较企业文化对政府创新补贴与创新绩效关系的调节作用。研究发现:政府创新补贴有利于提升企业创新绩效,企业文化对政府创新补贴滞后一期值与企业创新绩效存在显著的正向调节作用。在企业文化分指标中,组织制度与内部构建对政府创新补贴与创新绩效关系具有显著的正向调节作用,但社会关系的正向调节并不显著。从企业异质性特征来看,国有企业文化对政府创新补贴与创新绩效关系的正向调节作用强于非国有企业;知识密集型企业文化的正向调节作用显著,劳动密集型和资本密集型企业文化的调节作用均不明显;企业文化的调节作用在成长期和成熟期企业中均不显著,但在衰退期企业中显著。本文的研究结论不仅可以为加快现代财政制度构架视域下优化政府补贴提供思路借鉴,还可以为提升企业创新绩效水平提供决策参考。

Scientific and technological innovation is not only the core element to boost China’s economy to achieve high-quality development and break through the constraints of international competition,but also an important promoter to deeply implement the new development concept and comprehensively establish an innovative country.This paper theoretically explains the mechanism of government innovation subsidies on enterprise innovation performance,constructs a moderating effect model,and uses the data of 1766 Shanghai and Shenzhen A-share listed manufacturing enterprises from 2010 to 2017 to empirically investigate and multidimensional compare the moderating effect of corporate culture on innovation performance of government innovation subsidies.Through the full sample empirical study,we find that both government innovation subsidies and corporate culture are conducive to improving enterprise innovation performance,and the interaction between corporate culture and government innovation subsidies lags behind one-stage value has a significant positive regulatory effect on enterprise innovation performance.At the same time,the interaction between the second and third phases of government innovation subsidy lag has no significant positive moderating effect on enterprise innovation performance.The results show that corporate culture strengthens the impact of government innovation subsidies on enterprise innovation performance.Corporate culture is an important factor affecting the innovation efficiency of government innovation subsidies.In the research of sub indicators of corporate culture,we refer to the research of Wang Yan(2014),and analyze it from three dimensions of organizational system,internal construction and social relations.Organizational system culture and internal construction culture have a significant positive moderating effect on the innovation performance of government innovation subsidies,but the positive moderating effect of social relationship culture is not significant.This shows that strengthening the cultural training of employees has a significant positive moderating effect on the innovation performance of government innovation subsidies,but it is weaker than the moderating effect of organizational system culture;regular introduction and promotion of enterprise culture through newspapers,monographs and advertisements has no obvious effect on the short-term innovation performance of government innovation subsidies.We further investigate the moderating effect of corporate culture on the innovation performance of government innovation subsidies in different types of enterprises from the perspective of enterprise heterogeneity.The results show that the positive moderating effect of state-owned corporate culture on the innovation performance of government innovation subsidies is stronger than that of non-state-owned enterprises;the positive moderating effect of knowledge intensive corporate culture is significant,while that of labor-intensive and capital intensive enterprises is significant The moderating effect of culture on innovation is not obvious;the moderating effect of corporate culture is not significant in growth and mature enterprises,but significant in decline enterprises.The above results show that the regulatory effect of corporate culture will be affected by the characteristics of corporate heterogeneity,which requires government departments to formulate more targeted fiscal policies.In addition,we also adopt the methods of replacing the explained variable,controlling the regional effect and using causal identification to test the robustness of the empirical results,so as to ensure that the empirical research conclusions are reliable.The robustness test results show that the research results are credible.As one of the elements of internal control,corporate culture plays an important role in improving the utilization efficiency of government innovation resources and promoting enterprise innovation methods.The conclusions of this paper can not only provide ideas for accelerating the optimization of government subsidies in the perspective of modern financial system framework,but also provide decision-making reference for improving the level of enterprise innovation performance.