如何刺激企业创新:政府激励还是企业激励

How to Stimulate Corporate Innovation:Government Incentives or Corporate Incentives

创新是提升企业和国家竞争力的源动力,因此找到激励企业创新的因素是重中之重。本文采用2008-2015年上市公司研发投入和发明专利产出数据,考察政府创新规划执行压力、政府补贴和企业高管持股计划三种不同类型激励对企业创新的影响。结果发现,政府补贴和企业高管持股计划对企业研发投入和专利产出具有更显著的影响;企业产权性质、公司治理和高管创新精神对激励发挥作用产生显著影响。基于上述结论,本文提出了政府和企业激励创新的相关政策建议。

Innovation is the driving force for enhancing the competitiveness of enterprises and countries,therefore,finding the factors that stimulate enterprise innovation is the most important. This article uses the data of the input in R&D and invention patent output of listed companies during 2008—2015 to examine the impact of three different types of incentives,such as government innovation planning implementation pressure,government subsidies and corporate executive shareholding plans,on corporate innovation. The results show that government subsidies and corporate executive shareholding plans have a more significant impact on corporate R&D investment and patent output,that the status of corporate property rights,corporate governance and executive innovation spirit have a significant effect on the incentives. Based on the above conclusions, this paper proposes relevant policy recommendations for government and enterprise innovation incentive.