研发投入、政府补助对企业创新绩效的影响研究

Research on the Impact of R&D Investment and Government Subsidy on Enterprise Innovation Performance

中国的人口红利逐渐减弱,制造业的缺点开始凸显。在此背景下,企业创新、落后工艺和产能变革等迫切需要得以改观,以期使制造业实现良性发展。选取692家A股市场制造业上市公司2015—2019年的财务数据,借助面板数据模型,研究了政府补助、制造业上市公司研发投入和创新绩效之间的内在关系。结果表明:政府补助、研发投入均与企业创新绩效成正相关关系。对于制造业企业来说,要通过建立健全补助事前调研制度、加大补助力度、加强补助资金监管和拓宽补助渠道等措施来提高政府补助对制造业企业创新绩效的作用;通过提高研发投入水平、建立完善内控制度和制定研发规划等发挥政府补助对企业创新绩效的推动作用。

China’s demographic dividend has gradually weakened,and the shortcomings of the manufacturing industry have begun to become prominent.In this context,the urgent needs of enterprise innovation,backward technology and production capacity changes can be changed in order to achieve a healthy development of the manufacturing industry.Select the financial data of 692 listed manufacturing companies in the A-share market from 2015 to 2019,and use a panel data model to study the internal relationship between government subsidies,R&D investment and innovation performance of listed manufacturing companies.The results show that:government subsidies and R&D investment are positively correlated with enterprise innovation performance.For manufacturing enterprises,it is necessary to improve the effect of government subsidies on the innovation performance of manufacturing enterprises through measures,such as establishing and improving the subsidy pre-investigation system,increasing subsidies,strengthening the supervision of subsidy funds,and expanding subsidy channels.By increasing the level of R&D investment,establish and improve the internal control system and formulate R&D plans to give full play to the role of government subsidies in promoting enterprise innovation performance.