互联网化、政策激励与持续性创新——基于制造业上市公司的实证研究

Internetization,Policy Incentives and Durative Innovation:Empirical study based on manufacturing listed companies

选取2011—2019年制造业上市企业数据,从政策激励维度分析互联网化对持续性创新的作用机制。结果表明,制造企业互联网化给持续性创新带来了显著的积极作用。这种积极作用在成长期与成熟期、在民营企业与大中型企业中表现得更为明显,在衰退期互联网化会产生创新泡沫。互联网化能协助政府更好地甄别具有创新能力的企业并给予相应的政策扶持,与政府补助相比,税费返还这种政策激励对制造企业持续性创新的作用效果更优。

Using data of manufacturing listed companies from 2011 to 2019,analyzes the mechanism of internetization on durative innovation from the perspective of policy incentives.The empirical results show that internetization of manufacturing companies has a significant positive effect on durative innovation.The positive effect is more obvious in the growing and maturing period,private companies,large and medium sized companies;in the declining period,internetization will generate innovative bubbles.Internetization can help the government to better identify companies with innovation ability and give corresponding policy support,compared with the government subsidies,the policy incentive of tax refund has a better effect on durative innovation of manufacturing companies.