政府补贴对新能源汽车企业创新投入的影响

Impact of Government Subsidies on Innovation Investment in New Energy Automobile Enterprises

文章在分析政府补贴对我国企业创新投入影响效应的基础上,以2012-2016年新能源汽车产业202家沪深上市公司为研究样本,构建固定效应回归模型,实证检验政府补贴对新能源汽车产业整体创新投入的影响。研究发现,我国政府补贴对企业创新研发投入具有挤出效应,并且随着股权集中度和政治环境恶化程度的提高,政府补贴对企业科技创新投入的挤出程度也越来越大。文章最后探讨了对策建议,为我国政府补贴政策能够更好促进企业创新提供了新的思路。

Based on the analysis of the influential effect of the government subsidies on the innovation input in our enterprises, a fixed-effect regression model is constructed with 202 Shanghai-Shenzhen listed companies in the new energy auto industry in 2012-2016 to empirically test the impact of the government subsidies on the overall innovation investment in the new energy auto industry. It finds that the government subsidies have a squeeze-out effect on the enterprises’ R&D investment, the degree of which becomes more and more greater with the rise of the ownership concentration and the political environmental degradation. Then it puts forward some countermeasures of how to solve this problem, which will be served as a new idea to promote the enterprises’ innovation with the government subsides.