政府补贴对创新平衡模式的影响——基于中国上市公司的实证研究

Impact of Government Subsidies on the Innovation Balance Mode: An Empirical Study based on Chinese Listed Companies

以政府补贴和环境不确定性作为自变量,探究二者对企业创新平衡模式的影响作用。运用文本分析法,以高端装备制造业的85家上市公司为研究对象,从行为角度对创新平衡模式进行衡量,采用随机效应模型对假设进行验证。研究结果表明:政府补贴、环境不确定性均正向影响双元模式,政府补贴缓解环境不确定性对双元模式的影响;政府补贴正向影响间断模式,环境不确定性与间断模式关系不明确。

Taking government subsidies and environmental uncertainty as independent variables,this paper explores the impact of the two variables on the enterprise innovation balance model.Using text analysis method,85 listed companies in high-end equipment manufacturing industry as the research object,from the behavioral point of view,this paper measures the innovation balance mode,and uses the random effect model to verify the hypothesis.The results show that:government subsidies and environmental uncertainties all have a positive impact on ambidexterity,government subsidies alleviate the impact of environmental uncertainty on ambidexterity;government subsidies positively affect punctuated equilibrium,and the relationship between environmental uncertainty and punctuated equilibrium is not clear.